A. Who wants a house with a basketball court in the middle of it?
B. All that money and its not even on the water?
c. All the customized crap that appeals to nobody but him - meaning you’d need to sink a lot of money into the house renovating it after buying it.
d. I’ve always thought those opaque blocks in houses quite ugly.
e. I don’t even like the whole design of the place.
F. Its in Chicago.
Hell no. Do not want.
Natural pools are better than those concrete pools that people use.
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.