More mansions

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April 6th, 2019 at 3:19:12 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 911
Posts: 10783
Quote: kenarman
LOL


50 Cent’s net worth is estimated to be $30 million, which is a huge drop from last year, when his net worth was declared at $150 million by Forbes. - Wealthy Gorilla
April 6th, 2019 at 3:24:37 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 128
Posts: 17434
Quote: Pacomartin
50 Cent’s net worth is estimated to be $30 million, which is a huge drop from last year, when his net worth was declared at $150 million by Forbes. - Wealthy Gorilla


What's wrong with a house that it's
in a money state, and sells for 84%
of what it sold for 12 years ago.

$3 mil is literally stealing it. It's
been for sale for 8-9 years and
nobody wanted it.
If you take a risk, you may lose. If you never take a risk, you will always lose.
April 6th, 2019 at 4:31:18 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 911
Posts: 10783
Quote: Evenbob
$3 mil is literally stealing it. It's been for sale for 8-9 years and nobody wanted it.


I don't know that it was ever worth a lot more. He only paid $4.1 million and it looks like he squandered money on redecorating

Boston.com
The mega-mansion was built in 1985 for Benjamin Sisti at the reported cost of $2.3 million.— at one point, it was five times bigger than Farmington’s second-largest home. To this day, it’s one of the largest homes in America.
In 1992, the mansion went into foreclosure and was sold to People’s Bank for $3.5 million in an auction.
The bank then sold it to Romas Martsinkiavitchous, a Lithuanian import-export business owner according to the Courant, for $2.7 million in 1993.
He managed to hold off creditors until 1996, when, facing foreclosure and back property taxes, he sold the house to boxer Mike Tyson for $2.8 million.
But just a year later, Tyson apparently hoped to do just that, putting the home up for sale for the ambitious price of $22 million — furnishings included. It did not find a buyer.
In 2003, the home was awarded to Tyson’s ex-wife, Monica Turner, as part of a divorce settlement. Tyson then declared bankruptcy. His $400 million fortune, The New York Times wrote, had been “squandered.’’
Months later, 50 Cent purchased the home from Turner for $4.1 million. He spent $6 million renovating the property.
50 Cent listed the house for sale at $18.5 million.
Over the years, the price would be cut and the home would be taken on and off the market. By the time Oprah Winfrey filmed a segment in the home in 2012, the asking price was $9,999,999.

Where I live Larry Holmes and the Andretti family built lavish homes for dozens of times the price of the surrounding neighborhood. They can't sell them for anywhere near what they cost to build

Larry Holmes built on 896 Sheridan Dr Easton, PA 18045 a 4 beds 6 baths 9,588 sqft 1981 home with an 8 car garage on 2.44 acres
Across the street at 901 Sheridan Dr Easton, PA 18045 2 beds 2 baths 1,016 sqft 1958 ranch sold for $120,000 on 05/10/17Year on 0.29 acres

Larry Holmes house has a private gym a steam room, a sauna and bar in the home. The home has an outdoor pool and an indoor pool which has been drained and covered with flooring and carpet to make indoor entertainment.

I don't know what Larry Holmes was thinking about by building such a lavish home in a relatively lower middle-class suburban neighborhood.
April 7th, 2019 at 6:14:01 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 7
Posts: 676
Quote: Pacomartin


I don't know what Larry Holmes was thinking about by building such a lavish home in a relatively lower middle-class suburban neighborhood.


I remember Holmes always saying he wasn't going to leave his roots; that he felt part of his community. He didn't build it as an investment; he built it to live in.
April 7th, 2019 at 9:10:21 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 911
Posts: 10783
Quote: SOOPOO
I remember Holmes always saying he wasn't going to leave his roots; that he felt part of his community. He didn't build it as an investment; he built it to live in.

I can appreciate that. I was in the beautiful home of a Mexican craftsman who built in the small village where he grew up. The streets were dirt and a group of oxen pulling a cart was sharing the road with a handful of automobiles.

Larry Holmes built the home within three years of winning the heavyweight championship. About 5 years ago he put it on the market for $1.7 million (which is pretty cheap for a 10,000 sq foot home, but there were lots of people who went to the open-house, but no buyers.








There is a very nice neighborhood about a mile away from where Larry Holmes grew up with beautiful homes built in the 1880-1900 period. He didn't move in there, but I suppose he wanted a compound for his cars that he could never get in an 1880 home.


April 7th, 2019 at 9:43:49 AM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 128
Posts: 17434
I never understand how people can live in huge compounds
like that. Unless you have a big family, what's
the point. I only have 2000 square feet here and
it's way too big for me. I live in about 500 square
feet of it. I knew a guy 25 years ago who had a
Victorian mansion. 3 floors, every room was stuffed
with antiques, and he lived in the kitchen. He had
a big Lazy Boy recliner, that he watched TV in and
slept in, in the kitchen. The rest of his house was
like a museum that he visited once in awhile. It
was just too much work.
If you take a risk, you may lose. If you never take a risk, you will always lose.
April 7th, 2019 at 12:44:11 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 911
Posts: 10783
Quote: Evenbob
I never understand how people can live in huge compounds like that.


On July 17, 1980, Ali and Holmes signed to fight on October 2 at Caesars Palace in Las Vegas. Promoter Don King said Ali would be paid $8 million and Holmes $6 million. Caesars Palace constructed a temporary 24,790-seat outdoor arena for the fight. The live gate was $6 million, a record for that time.

Right after that fight Larry Holmes began work on this house and finished it a year later. But the home is within 3.5 miles of the center city neighborhood that he grew up in (since 1954) and was a basically a middle class neighborhood (zoned for Medium Density Housing , not for Low Density Housing). So 30 some year later he couldn't sell it, even though he eventually dropped the price to $1.1 million.
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