'Tis the season for all sorts of madness (not that there's a specific season set aside for madness), but small items in the back pages of the print media sometimes makes one stop, Dear Gentle Reader(s), to catch a breath.
For instance in the 12.23.07 edition of the Los Angeles Times' Real Estate section, we find this jewel of a story by Ruth Ryon: "Hip-hopping out of his Hills house." It seems Kanye West is selling his "house in the flats of Beverly Hills at $8,699,000." So? You might ask. Well, he bought it "earlier this year for about $7.2 million." In this market? A $1.2+ million profit? Hey, if it works...
Now, DGR(s), you might be wondering, yourself(selves), "Is there a point?" Yes. It turns out the property "is considered a teardown."
Teardown?!? Pay that much money to tear a house down? Madness.
'Tis the season to be jolly... but not frugal or even wise with money.
Bah! Humbug!
Sunday, December 23, 2007
Um...What?!?
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