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To: rktman
I had the displeasure of selling a property last year to the daughter of a billionaire (daddy is Alfred E. Mann). It was important for us to have the option to extend the 30 day escrow another 30 days if needed because we had to find a place to live.

Despite signing the contract (with our option to extend), she turned around and demanded we close in only 2 weeks, and threatened to sue us if we didn't. In the words of our very expensive attorney, "You definitely have a case, but in a pissing match what matters is who has the bigger bladder".

A huge and important factor for her was the fact that you could see the Hollywood sign from the bedroom patio. We visited the property this May when we were back in L.A., and the sign is no longer visible at the location due to a new highrise on Sunset Blvd. HAHAHAHA!!!

23 posted on 07/10/2014 7:48:25 AM PDT by Cementjungle
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To: Cementjungle

LOL! Hopefully you were able to use the proceeds from an LA sale to buy, oh say, 10 houses in another state. I read somewhere that 1300 sq/ft houses in LA are going for nearly $800K. WTH? How can anybody afford those kind of prices. YIKES! Guess my little abode would bring about 1.5 mil. Now if I could just move it down there.


28 posted on 07/10/2014 8:00:35 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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