Posted on 05/13/2023 8:53:21 PM PDT by ChicagoConservative27
Michael Jordan's enormous house in Chicago is still on the market after 10 years.
Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house. And yet, it remains unsold and he pays more than $100,000 in annual property taxes.
The house was originally listed for $29 million and has every bell and whistle you can think of. Some "over-improvements" and the house's location are making it hard to sell the property.
(Excerpt) Read more at businessinsider.com ...
19 years in a prison with Zero personality.
That place would make me have dreams about finding some geegaws to adorn a small place with.
Nothing human about that place.
It looks like of like a hospital with a department store front.
Why does it have a library? I didnt know basketball players could read.
My Lord, that is an ugly house. Who was the architect? Sennis Rodman?
Take some work and some money adding some accomodations, but it might make a good corporate retreat center for off sites. Or market it to wealthy Californians fleeing the mansion tax.
It’s called tasteless luxury
When Mike becomes serious about unloading that property, he will authorize his workers to strip away all evidence of it’s previous owner.
First of all remove his team number from the front gate. As is, the home looks like a shrine or museum devoted to Michael Jordan.
Not even foreign buyers wanted to buy a set in place museum like tribute to the previous owner. Too expensive to reface.
The home will probably be sold to some Drug Lord or Bit Coin billionaire. Somebody strangely who wants to hide.
Stunning. Beautiful.
Cold and impersonal.
Will be a rare person to want it with all the negatives - who has that kind of money....
BUT, IMHO, MJ is still be best B-baller ever........and a great guy to boot......
“Strangely rich” should be in the last sentence.
Looks like a good building for a psychiatric hospital.
Los Altos was a nice place before people started wrecking the houses. The houses were modest ranch-style homes that got the job done. Now you have these preposterous, ostentatious places being built that don’t match the original tenor of the neighborhood.
Just because people have money doesn’t mean they also have good taste or a sense of proportion.
It resembles a College Gymnasium. Deliberate of course. It would be a good sports conference center if he could find some sort of professional sport willing to buy it.
It's also about comfort. What is the attraction to sprawling mansions, even if one has hundreds of millions of dollars? A simple, renovated Cape on a lake seems far more preferable to an echoing, cavernous monstrosity, surrounded by noise and traffic.
Just a case of de gustibus non est disputandum I suppose.
He had poor taste.
Ick.
Agreed that highly customized “anything” tends to be less valuable to everyone else, you’ll never get your money back as though it was made for people in general.
That said, I’ve watched many videos about “abandoned mansions” - there’s lots of them out there. You see a general pattern - somebody becomes amazingly wealthy and builds a massive mansion, only to lose that wealth or dies. How many people in the housing market, in reality, WANT a massive house (outside of dreams)? Even if they can afford it, owning a property where you’ll never even venture into most areas, while having to maintain, heat, cool, etc., is just a waste of money.
So the only candidates are people who:
1. Are looking for an obscenely large home. Maybe they have a huge family. Maybe they want it purely as a ‘brag factor’.
2. Have more money than they can spend.
3. Want to live in the area where the home is located.
4. If highly customized, likes the nature of the customizations.
5. Doesn’t want to build their own customized home.
Yeah...practically nobody. Some amazing properties have no demand. In Europe, there’s beautiful historical mansions that are just deteriorating as they’re empty and not maintained. It’s painful to see. Many have classical features and endless woodwork. Nobody wants them.
Obviously he’s not concerned about selling it. I’m sure if you continue to lower the price, at some point, somebody will buy it....but it’s worth what the market dictates and currently it’s overpriced.
Lake County is north of Chicago, the rich suburbs
Condo conversion.
I volunteer to be the first squatter.
After the court grants me ownership, I am going to buy Free Republic and run it with Artificial Intelligence on a quantum computer.
From now on - Q stands for Quantum!
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