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re: Mansion in Chattanooga, TN that apparently cost $40M to build in '07 now listed for $16M
Posted on 12/31/23 at 12:58 pm to jbird7
Posted on 12/31/23 at 12:58 pm to jbird7
quote:
Shaq did something similar here in Orlando. Finally sold but it took a long long time bc of all the weird shite he did to it.
A big part is the location. If I remember right it's located on a body of water.
His mansion is in a good spot for the future unlike MJs home which is located in a terrible spot for the future. If Chicago was growing and the economy was growing that would be one thing, as it turns out both the economy and population are shrinking by the day.
This post was edited on 12/31/23 at 12:59 pm
1
Posted on 12/31/23 at 1:07 pm to hikingfan
Just for chitts and giggles.
Posted on 12/31/23 at 1:08 pm to Fat and Happy
quote:
I laugh when i see that stuff
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
It's obviously market specific, but I know Baton Rouge is still vastly higher today than it was during Covid. I imagine most normal markets are similar.
Posted on 12/31/23 at 1:08 pm to hikingfan
This is my concierge. He's had a hell of a time getting rid of this place.
Posted on 12/31/23 at 1:09 pm to Fat and Happy
Bruh, house prices are only going up.
Posted on 12/31/23 at 1:09 pm to Fat and Happy
quote:I purchased one spring 2022 and still happy with the purchase
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
Posted on 12/31/23 at 1:17 pm to JohnnyKilroy
quote:
How are they going to get fricked?
Because they’re locked into a 2.75% rate!!!1
Posted on 12/31/23 at 1:22 pm to hikingfan
quote:
$16,500,000
Needs more turrets for that price
Posted on 12/31/23 at 1:34 pm to NCIS_76
How is it estimating a property tax of 2.3k?
Posted on 12/31/23 at 1:35 pm to SuperSaint
quote:
what mountain side is your 8 figure home?
Even if I had the money one of the few places I would consider building a 8 figure house would be overlooking the Lone Cypress in your neck of the woods.
Posted on 12/31/23 at 1:39 pm to tiggerthetooth
Yearly maintenance / upkeep cost on a house like must be a staggering amount of $’s.
Posted on 12/31/23 at 1:46 pm to hikingfan
This is exactly what I'd expect the person who built this house to look like
Posted on 12/31/23 at 1:53 pm to Fat and Happy
quote:
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
Yea man! F all those people who got transferred or lost a job!
Posted on 12/31/23 at 1:59 pm to hikingfan
It is Ugly .
Posted on 12/31/23 at 1:59 pm to SuperSaint
quote:
I purchased one spring 2022 and still happy with the purchase
I bought at the start of 2021, locked in at 2.75%, and the comps have continued going up per sq/ft. I have no idea what they're on about
Posted on 12/31/23 at 2:09 pm to Joshjrn
That Jordan house just looks like a collection of hospital lobby’s grouped together. Cold and impersonal. Kinda like MJ when you think about it.
Posted on 12/31/23 at 2:10 pm to Fat and Happy
quote:
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
beats paying the inflated appraised price with current interest rates
Posted on 12/31/23 at 2:14 pm to hikingfan
I’d waste half of every day running up and down those stairs. That three story spiral staircase would quickly become a pain in my arse.
Also, nice plastic gate on the stairs. I guess the dogs aren’t allowed off the second floor.
Posted on 12/31/23 at 2:30 pm to TygerDurden
quote:
Yearly maintenance / upkeep cost on a house like must be a staggering amount of $’s.
Years ago when I was much younger I used to think I wanted a huge house like that someday.
Of course I can't buy a $16 million dollar place but even if I could I wouldn't. AT my age now the first thing I think is it must be a royal pain in the arse to try to maintain a reliable, honest staff large enough to maintain that damn place.
Posted on 12/31/23 at 5:37 pm to NCIS_76
Property tax on a 16.5 million home is only 2300 a month?
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