BREAKING NEWS! Celine Dion lists $62.5 million dollar home in Florida.

Discussion in 'Buying & Selling Real Estate' started by Investor, Sep 24, 2014.

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    Oct 16, 2014
  1. JR Ewing

    JR Ewing Super Moderator Staff Member

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    90% of private businesses fail.

    And real estate is also more volatile and risky than most people realize, not to mention being usually harder and taking longer to liquidate than shares of publicly traded companies on the reputable exchanges.

    Lots you can't control in all things - investing is a risk no matter what.

    I like the relative transparency of publicly traded companies and the idea that the company has already reached some level of success and financial health to have made it onto a public exchange.
     
    JR Ewing, Oct 16, 2014
    JR Ewing, Oct 16, 2014
    #21
    2. Oct 29, 2014
  2. springbreeze

    springbreeze Well-Known Member

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    Wow, I can't imagine having that kind of money. But if I did, I wouldn't buy real estate that expensive unless it was the only legit way to keep the government from eating my money. I would rather by a house for lets say 15 million, save a portion for possible hard times in the future, invest a portion in a business, and the donate more to charity.
     
    springbreeze, Oct 29, 2014
    springbreeze, Oct 29, 2014
    #22
    3. Oct 29, 2014
  3. jason

    jason Guest

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    Springbreeze that would be my approach as well. I'd spread the money around. Invest some, spend some, and save some. Celine probably has a financial advisor who deals with her fortune.
     
    jason, Oct 29, 2014
    jason, Oct 29, 2014
    #23
    4. Oct 29, 2014
  4. caparica007

    caparica007 Well-Known Member

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    I love this kind of news, millionaires are millionaires, they live in a world apart and in a way they forget that the real world exists.
     
    caparica007, Oct 29, 2014
    caparica007, Oct 29, 2014
    #24
    5. Oct 31, 2014
  5. workinglady20

    workinglady20 Well-Known Member

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    Maybe later on I'll get to own expensive real estates but it's not a definite in my book at the moment. If I was famous tomorrow I would still save my money instead of buying homes or other things. Personally for me I would rather spend my money on something else and I'll also help out other people by sending some money to a reputable charity. I have always wanted to send to a charity and I'm going to do this in the future.
     
    workinglady20, Oct 31, 2014
    workinglady20, Oct 31, 2014
    #25
    6. Oct 31, 2014
  6. Rhoda D'Ettore

    Rhoda D'Ettore Guest

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    I totally agree. And even though that is a lot of money, it is not as much as we all think. My sister's home in Hawaii is valued at $3 Million and it is smaller than mine in New Jersey. What I would consider to be a nice big yet affordable home here, would be about $10 million there. So, I am guessing it might not be all we think. Not that $70 million is something to shrug off. I just would not be able to live in such a structure. I would be dividing it up for some homeless veterans or orphaned kids.

    Just think this woman had $100 million in homes between the two listed in the post, that could have paid for one day of the war! This is the kind of extravagance I think we should have regulations about. I mean, the Walmart family has about $15 Billion each. Who needs that much money? So hording it just makes the person seem heartless and oblivious to the problems of the world.
     
    Rhoda D'Ettore, Oct 31, 2014
    Rhoda D'Ettore, Oct 31, 2014
    #26
    7. Oct 31, 2014
  7. Peninha

    Peninha Senior Investor

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    So true, we can be rich and use our wealth in a useful way, we don't need to squander 60 millions in one house... At least that is the way I see it.
     
    Peninha, Oct 31, 2014
    Peninha, Oct 31, 2014
    #27
    8. Oct 31, 2014
  8. caparica007

    caparica007 Well-Known Member

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    LOL, poor celine dion, she got bad business and now she had to sell her place, where will the poor gal live? :D
     
    caparica007, Oct 31, 2014
    caparica007, Oct 31, 2014
    #28
    9. Nov 1, 2014
  9. Rainman

    Rainman Senior Investor

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    It's not like she's broke.
    And apparently this is isn't the first house she's selling. It's said that even if she sells this one house, she'll still have lots of property left including a mansion on a private island which [I've come to learn] she is selling for $28 Million. Being good at something can have some really nice perks . . .
     
    Rainman, Nov 1, 2014
    Rainman, Nov 1, 2014
    #29
    10. Dec 3, 2014
  10. healthandfitness

    healthandfitness Well-Known Member

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    healthandfitness, Dec 3, 2014
    healthandfitness, Dec 3, 2014
    #30
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