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Old 06-20-2007, 12:10 AM  
Semi-Retired-Dave
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Join Date: Apr 2004
Location: LA
Posts: 11,190
Quote:
Originally Posted by Jace View Post
see, the thing is with that house though, even though just as a raw property with history it might only be $50mil....but I guarantee you auction that fucker off it will get upwards of $100-150mil pretty easily
Only if the buyer pays it all cash, the bank will only loan a percentage of what the house is worth.
So if the new buyer was going to try and get a 150 million dollar loan on a house that is worth 50..it will never fly.
I say 50 of us all pitch in 50 Mill and buy it, we'll rent it back to Hef for 20K a month and we get to host all his parties..
I'm in..Do I have any backup??? 49 more to go.
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