http://www.metacafe.com/watch/143233/75_million_dollars_house/ Wait till the end... they show part of the garage.
The garage is the most impressive part. The rest is what I think of as bland California-look organic non-architecture...not my taste.
For that money it better be a French palace reassembled block by block + antiques. This one is bland. Id rather ditch the size for quality.
Not impressed. Typical west coast ocean front home. UpDown Court Estate totally blows it away. Not 56K friendly http://www.updowncourt.com/video/updown_video_512k.wmv
That is a really ugly house, wow. The only thing I like about it is the view and the cliffs leading down to the beach. They didn't show much of the garage, but it didn't look so great either. I remember seeing this on TV recently. Some British TV show where they showed homes of the rich on HGTV. Some lady hosted the show, not that other guy most think of. They filmed when they were finishing up the place, they said it had a heated marble driveway! That gold tile they showed was real, too, and they made a few jokes about people being able to steal them. I like the amount of land it's on, which is something I think all homes of that size should have. Something which this Cali $75mm house doesn't have. They just squeezed the house over the land taking up as much space as possible.
Well how about the Fl home trump bought for $40mm, did some renovations and is onw trying to sell for $125mm. I think both these dudes will be sitting on their homes for a while unless they ask significantly less.
I rather turn it into a place where celebs and whoever who has money to rent it out and through parties and just spend their money... or rather buy 30 houses and rent them out, so i dont go broke in the longrun... john
Back to the thread I started asking 'If you could spend 8 million dollars total and have up to 6 different homes, where would you live ?'. NOBODY needs a home that costs over a million dollars. Heck, nobody needs a home over about $400,000, if it's over that amount - MOVE. A friend of mine built a home here, it assessed out at $375K, we were looking online at real estate one night - we found a home nearly identical to his in looks and sq footage around Mill Valley (CAL) - for 1.8 million.
Betcha that it goes higher once it is reassessed at seventy five million. I like the glass bottomed jacuzzi
Ummm... Yeah. That would mean no one should live in NYC, for example (but hey, maybe you wouldn't think that's such a bad thing.) One bedroom apartments up here cost way, way more than $400K... That said, a $75 million home is just stupid... I have no problem with big homes, but jeez... spend $15 million if you MUST and then give the rest to charity or something...
Given the chance, I'd be looking at this: http://www.prestigeproperty.co.uk/property/5879/gridm/no/StartingPoint/0/interval//Country/Greece/Region/Greek%20Islands/County/Andros/
And that home is in San Francisco area, rather than 'middle of' where-ever you are. The probable benefits include nicer weather, no snow, better views etc...
Prop 13 sets property taxes at 1% of the selling price + any local assessments/bond issues, et al. After that, it can only increase a maximum of 2% a year. There was a dumb movie I saw years ago where a couple went to the jacuzzi and did 'it', but didn't know there was a glass wall behind a bar looking into the jacuzzi.
So that eliminates anywhere in NYC, anywhere in L.A., Scottsdale, AZ, much of Fl and anywhere else you want a luxury home. This comment is a little ignorant to the RE market, don't you think? Sort of like saying, no one needs a $20,000 car. Yes we can all ride in Toyotas and Hondas, but not even the SUV models, Camrys and Civics only. In which case, we can all leave f-chat now. And actually, I think more people would agree with the $20K car than the $400K house.
No, it's not ignorant, but you are missing my point: Let's say you are 40 years old and you just inherited 4 million dollars. You don't have to work the rest of your life, but you kinda have to watch what you spend in order to live the next 40 years. Would you tie up 1.5 or 2 million dollars -half of it - in a house ? Or would you move slightly out of town for $500,000-650,000 ?? I know full well the values of real estate in all parts of the country, I'm not a total idiot (just a partial one). Also, let's assume the market crashes enough to where you are only going to make 2% interest on your money. For the record, if it was me, I'd find a decent place in a decent, climate, Austin TX, Mobile AL or something like that, even St. Louis or Memphis.... and my car(s) would be a Scion, and.... (here goes) a 360 Spyder. (beat me up now) I am into living well, but not totally wasting money. But that's just my thoughts, everyone is different.
