Thursday, February 27, 2003

Bad Investments


Let me tell you all about a very bad investment Ive learned more about recently. There is a VERY large house not far from where I live. By large its listed as in the 50,000 square foot large. Yes, that's four zero's. Basically a rich guys wife went to France and when she came back begged her husband for a house modeled after a French Chatau (spelling?). He abided by her wishes and built this MASSIVE house. They lived alone in it for just over a year. Now, she feels its too big for just the two of them. (duh!) So the husband has put the house up for sale. And they will now move into the "smaller" house the own across the street, which is valued at just $2 million. The big house has been priced at...are you sitting down.... $45 million. The monthly payment on this house is $650,000. Now, despite what you have just read, I do not live in a rich area of the Dallas Metroplex. This house is an oddity to say the least. So im betting he will not get $45 million for this place. Hence the really bad investment. Moral of this story: If the wife, girlfriend, sister, mom, grandma, stepmom... anyone, ever asks you to build them a 50K sq ft home modeled after a French Chatau out of your love for them, just say "But dear how about the "cosey" $2 million home just across the street?" You'll save yourself a heck of a lot of money in the long run.
I am going to try to get a photo of this "shack" and post it on my site. Not easily done though. The owners dont like people stopping in front of their mansion. Pesky common folk!
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