More mansions

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June 20th, 2017 at 7:21:44 PM permalink
kenarman
Member since: Oct 24, 2012
Threads: 3
Posts: 832
Quote: Pacomartin
Of course, there are over 1800 billionaires in the world with a combined wealth of over $6 trillion.


So the "rich have all the money". World population is about 7.5 billion. If we confiscated all the wealth of the billionaires and evenly distributed it among the worlds population everyone could get an extra $800. That would solve all the worlds problems.
"There is no sin but ignorance" Christopher Marlow
June 20th, 2017 at 8:08:20 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 106
Posts: 10974
Trump paid $25mil for Mar-a-Lago in 1985, now
valued between $250 and $300mil. 52 bedrooms,
it's a palace. I would take it any day over the
other big homes on this thread.

If you take a risk, you may lose. If you never take a risk, you will always lose.
June 20th, 2017 at 8:35:06 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 692
Posts: 7964
Quote: Evenbob
Trump paid $25mil for Mar-a-Lago in 1985


The government returned it to the Post Foundation in 1981, which listed it for sale for $20 million. Donald Trump learned about the estate after unsuccessfully trying to purchase and combine two apartments in Palm Beach for his family. According to Trump, he offered the Post family $25 million for it, an offer that they rejected. Trump then put in a bid of $2 million to purchase the land between Mar-a-Lago and the ocean, stating he intended to build a home that would block Mar-a-Lago's beach view. The threat caused interest in the property to decline. Trump ended up getting the property for $7 million in 1985.

Quote: kenarman
So the "rich have all the money". World population is about 7.5 billion. If we confiscated all the wealth of the billionaires and evenly distributed it among the worlds population everyone could get an extra $800. That would solve all the worlds problems.


I actually never even mentioned redistribution of wealth. My point was that the ultra wealthy probably will not spend $250 million on a mansion in the USA. It's not the best investment.

The megayacht Azzam, owned by Sheikh Khalifa bin Zayed Al Nahyan and built by Lürssen cost US$ 600 million when it went into service in 2013. The mansion developer in Los Angeles feels that it is time for the most expensive mansions to begin approaching the price of the most expensive yachts.
June 21st, 2017 at 4:30:08 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4465
Meanwhile girls from poorer areas of Los Angeles County are at MIT displaying their invention of a solar powered tent that can be folded into a backpack to aid the homeless.
June 21st, 2017 at 6:49:32 AM permalink
Nareed
Member since: Oct 24, 2012
Threads: 313
Posts: 10672
Quote: Pacomartin
The mansion developer in Los Angeles feels that it is time for the most expensive mansions to begin approaching the price of the most expensive yachts.


Fair enough, when a house needs to do 25 knots and stay stable when riding swells.
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
June 21st, 2017 at 6:58:15 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 48
Posts: 4465
Yachts retain value far better than any home does.
June 25th, 2017 at 12:07:10 AM permalink
rxwine
Member since: Oct 24, 2012
Threads: 118
Posts: 4894
Sounds like a bargain.

Quote:

Another luxury condo at Manhattan’s One57 is scheduled for a foreclosure auction -- the second time in a month that a property seizure is being sought at the Billionaires’ Row tower following a mortgage default. And it might be the biggest in New York City residential history.
Apartment 79, a full-floor penthouse that was the eighth-priciest sold in the building, is scheduled for auction on July 19, according to real estate data firm PropertyShark. The owner of the condo, a shell company listed in public records as One57 79 Inc., bought the 6,240-square-foot (580-square-meter) residence in December 2014 for $50.9 million, according to New York City records.



http://www.msn.com/en-us/money/realestate/a-second-even-bigger-foreclosure-reaches-nyc-billionaires-row/ar-BBD5A3q?li=BBmkt5R&ocid=spartanntp
No one has ever proven I am not God.
July 21st, 2017 at 4:37:01 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 692
Posts: 7964


This $50 million foreclosure as ONE57 in Manhattan is to some people the final nail on billionaire's row. Unbelievably that apartment in Monte Carlo went on the market for $335 million.

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