Alicia Keys and Swizz Beatz lose more than $6M on NJ mansion sale
What a hit! Grammy Award winners have finally sold their 5-acre New Jersey estate — at a massive loss.
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Alicia Keys and Swizz Beatz lose more than $6M on New Jersey mansion sale
- Thread starter Entrepronegro
- Start date
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Housing bubble comingAlicia Keys and Swizz Beatz lose more than $6M on NJ mansion sale
What a hit! Grammy Award winners have finally sold their 5-acre New Jersey estate — at a massive loss.
The housing bubble been here, its just mega
corporations like blackrock/ blackstone keeps paying for
property more than asking price, to keep
all their real estate investments from bursting
in that bubble..
bruh blackrock is so fuckin HUUUUUGGGE
Trillions in assets!!
they can literally control the real estate market in this country....
the question is for
HOW LONG???
There is no housing bubble. It was just a bad deal from the beginning.
They overpaid for the house as well as the adjacent property. Yeah, it's two properties. They moved out 7 years ago and had been paying upkeep even since. Selling the home was a mitigation strategy.
This is where I side eye many cats on this board. Just so we all understand.......
Many of you on this board are renters. So you lose money every month for years and years with zero equity. They bought property for 12 million and sold it for 6 million. So, essentially they paid 6 million in rent at about $900K per year. And now get a $6 million deposit back to now buy something else.
In business, cutting losses is smart and good business and just a part of the game. People lose money on business deals all the time, especially in real estate. This one instance does not indicate a housing bubble. Please stop.
They overpaid for the house as well as the adjacent property. Yeah, it's two properties. They moved out 7 years ago and had been paying upkeep even since. Selling the home was a mitigation strategy.
This is where I side eye many cats on this board. Just so we all understand.......
Many of you on this board are renters. So you lose money every month for years and years with zero equity. They bought property for 12 million and sold it for 6 million. So, essentially they paid 6 million in rent at about $900K per year. And now get a $6 million deposit back to now buy something else.
In business, cutting losses is smart and good business and just a part of the game. People lose money on business deals all the time, especially in real estate. This one instance does not indicate a housing bubble. Please stop.
First, they don't spend time there so property taxes and upkeep were wasted more.
Second selling at a loss is a tax deduction as long as they can list it as investment property.. which they should be able to do since Cali was their primary residence
Second selling at a loss is a tax deduction as long as they can list it as investment property.. which they should be able to do since Cali was their primary residence
Yeah if you don’t own bullshit.Damn! I thought it was a sellers market!
I would have rented it to cover the cost and property taxes, even if there’s no profit.
Alicia Keys displays her figure in a mustard bikini top in Spain
The American singer, 41, showcased her figure in a mustard bikini top and matching joggers on Saturday as she hit the beach with her family during a sunny break to Formentera, Spain.
Alicia Keys displays her figure in a mustard bikini top in Spain
The American singer, 41, showcased her figure in a mustard bikini top and matching joggers on Saturday as she hit the beach with her family during a sunny break to Formentera, Spain.www.dailymail.co.uk
Robb Report Celebrity Homes | Luxury Celebrity Real Estate and Home Sales
The latest updates from the sale and purchases of celebrity homes, curated by Robb Report editors.
www.dirt.com
Robb Report Celebrity Homes | Luxury Celebrity Real Estate and Home Sales
The latest updates from the sale and purchases of celebrity homes, curated by Robb Report editors.
www.dirt.com
What the, I thought she was more attractive than that.Alicia Keys displays her figure in a mustard bikini top in Spain
The American singer, 41, showcased her figure in a mustard bikini top and matching joggers on Saturday as she hit the beach with her family during a sunny break to Formentera, Spain.
Nah. Teef and cankles. The wall is undefeated.
What’s so funny?
I want her so bad!!!!! I want to suck her tits!!!!must be tough for them
This!
The nerve of people laughing at millionaires.
Sure in a perfect world, it would be great to sell it for 24m.
But they still would pay mad taxes for the flip.
I think they both have money coming in each month they are good.
The nerve of people laughing at millionaires.
Sure in a perfect world, it would be great to sell it for 24m.
But they still would pay mad taxes for the flip.
I think they both have money coming in each month they are good.
Alicia Keys is biracial so this thread meets Entrepronegro's standards......
Why you laughing so much? Smh.
Rich folk problems? Bru, really?
Alicia Keys displays her figure in a mustard bikini top in Spain
The American singer, 41, showcased her figure in a mustard bikini top and matching joggers on Saturday as she hit the beach with her family during a sunny break to Formentera, Spain.
Are the pics suppose to be flattering? This bitch out here looking like the dumped TLC member you always here about before they got signed.
What do you mean really?
I’m supposed to understand laughing at someone’s misfortunes?
It was featured on Million Dollar Listing - LA a season or two ago. Baller as fuck. There’s a handful of clips on Youtube, and it was featured on the Architectural Digest Youtube channel too.
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