Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo--------------------

[JLova]

so then why would he be better off?

Banks are barely giving out 2% and you folks just saying, "invest" "save in a high yield account"

2-3% off of 5-10milly is a lot better than losing 5 mill on a 20 mill property. Why invest $20m in something as shytty as American real estate? No one has been able to give me a legit answer to this.

 

[nyknick]

So apparently, in the US, real estate offers the highest return on a $20M investment. Got ya.

GICs > $20M in a down market on a property with a small ass lot.

Doggie are you slow or just don't want to admit you are wrong?

Most of us agree (not knowing his actual worth) that spending $20 million on a house is stupid. I just shake my head watching Cribs and seeing 7th or 8th men off the bench with 20 room mansions and personal chefs, especially since they spend more than half of the year away from home.

However, if you are planning on spending that much on a house you better have cash money for that shyt. Thus your suggestion to get a mortgage is idiotic and you should give it up.


Because you know once Dwight stop that fake bible thumping, wifes a slore that takes half, tenth babymama comes knocking on the door, people realizes that his "comedy" is forced, his impressions garbage he wont be able to get a role in a Kazaam remake.

And you better believe that when he retires there wont be a line of NBA players with $50k looking to learn post moves from Dwight, but he can atleast go to sleep knowing that that mortgage bill is not coming.

 

[JLova]

Doggie are you slow or just don't want to admit you are wrong?

Most of us agree (not knowing his actual worth) that spending $20 million on a house is stupid. I just shake my head watching Cribs and seeing 7th or 8th men off the bench with 20 room mansions and personal chefs, especially since they spend more than half of the year away from home.

However, if you are planning on spending that much on a house you better have cash money for that shyt. Thus your suggestion to get a mortgage is idiotic and you should give it up.


Because you know once Dwight stop that fake bible thumping, wifes a slore that takes half, tenth babymama comes knocking on the door, people realizes that his "comedy" is forced, his impressions garbage he wont be able to get a role in a Kazaam remake.

And you better believe that when he retires there wont be a line of NBA players with $50k looking to learn post moves from Dwight, but he can atleast go to sleep knowing that that mortgage bill is not coming.

When did I say he should get a mortgage? I said he shouldn't be buying that expensive a house. That has been my opinion from jump and this spans several threads. But dudes in here are trying to tell me that spending 20M on a crib in his situation is the best possible move...and I'm the slow one here?

 

[Absolut]

Dwights earnings in just hoops sans endoresements will be comparable to garnetts in a decades time. Spending 20 million and buying his shyt outright is clearly the way to go. Means he plays this year for free, or gets that mansion in place of a check, and can sit on that new contract and do all that other shyt with if he wants.

 

[pete clemenza]

Dwights earnings in just hoops sans endoresements will be comparable to garnetts in a decades time. Spending 20 million and buying his shyt outright is clearly the way to go. Means he plays this year for free, or gets that mansion in place of a check, and can sit on that new contract and do all that other shyt with if he wants.

My only concern is that he still has to show everyone that his back is good to go so he can perform get that big new deal after this upcoming season. His money isn't etched in stone yet

 

[Absolut]

He's an elite big. His contract is in stone. Dude spent less than a years salary on a house he bought outright. he has a decade of large contracts ahead of him, and loads of endoresement deals ahead. Done hooping? He can fall into a six figure a year chair next to barkley on TNT and have the roof over his head paid for in full. He is in fine shape financially

 

[Rev]

My only concern is that he still has to show everyone that his back is good to go so he can perform get that big new deal after this upcoming season. His money isn't etched in stone yet

Dwight Howard's money is etched in stone, dude. He's Dwight Howard, a 7ft monster & teams overpay for bullshyt big men with hopes of getting something. We're talking about Dwight Howard.

And i firmly believe the back injury is bullshyt for a dude who had no history of injuries at all until this last tumultuous season coincidentally.

fukk dwight howard tho.

 

[pete clemenza]

Dwight Howard's money is etched in stone, dude. He's Dwight Howard, a 7ft monster & teams overpay for bullshyt big men with hopes of getting something. We're talking about Dwight Howard.

And i firmly believe the back injury is bullshyt for a dude who had no history of injuries at all until this last tumultuous season coincidentally.

fukk dwight howard tho.

 

[↓R↑LYB]

Next comes back taxes and child support
The guy made so much how doesnt he have 400,000 liquid ? Not like he's a rookie where has his money been going ? He made 6 mil last year didn't he
I'm really asking by the way u see these stars making Millions but then not paying small bills I'm confused I'm not a fianance guy so what do they invest all there money ?
By the way with the Dwight thing I had seen this self help lady who went broke on Oprah saying how she brought a house 1 mill then couldn't pay the taxes which were 500,000 . Is that how it works?

From what I heard, about 40% goes to taxes, and like 30% goes to agents and other misc shyt. So by the time it's all said and done, outta 6 mil, he'll be lucky to see 2. I think it was Gary Payton that said that on an episode of the Jamie Foxx show.

 

[↓R↑LYB]

5-10% government bonds and cds???????wtf is this 2007???

Same thing I'm thinking. Where you buying t-bonds @ 10%?

 

[nyknick]

When did I say he should get a mortgage? I said he shouldn't be buying that expensive a house. That has been my opinion from jump and this spans several threads. But dudes in here are trying to tell me that spending 20M on a crib in his situation is the best possible move...and I'm the slow one here?

I thought you were the guy with the idea of putting down $4 mill, getting a mortgage and "investing" the rest. There we a few people suggesting that especially in the original thread but I don't feel like going back and checking. If that wasn't you my bad.

But like I said we do not know how much Dwight is worth and especially not his endorsement money. Based on the things I've read he already lived in LA during offseason so I doubt he'll be selling anytime soon, and I also don't know California real estate that well and would be making shyt up talking about Newport Beach real estate market fluctuations.


However

Derek Jeter's Apartment: Yankee Lists 88th Floor Penthouse In Trump Towers For $17.95 Million (PHOTOS)
First Posted: 04/20/2012 2:02 pm Updated: 04/20/2012 3:05 pm
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Derek Jeter has put a $2 million discount on his luxe Midtown bachelor pad. The New York Post reports the price on Jeter's 88th floor penthouse atop the Trump Towers at UN Plaza is now $17.95 million, down from the $20 million he posted back in 2010. Jeter bought the apartment directly from Donald Trump for $12.72 million in 2001.

The 5,425 square-foot 88th floor penthouse "has 4 bedrooms, 5.5 baths, chef's eat in kitchen, dining room, media/den and living room, with a fireplace," according to the original listing, and features a 360 degree view of Manhattan with views of "the Empire State Building, the Chrysler Building, Central Park, and all the way out to the Atlantic Ocean."

Spoiler

But then again this might be a bad example since Jeter never loses.

 

[R.E.N. Spells Ren]

2-3% off of 5-10milly is a lot better than losing 5 mill on a 20 mill property. Why invest $20m in something as shytty as American real estate? No one has been able to give me a legit answer to this.

Because, for the millionth time, he didn't buy the house as an investment, he bought it cuz he wanted it....why is that so hard for you accept?


Now, will you ever list those automatic 5-10% investments?

 

[↓R↑LYB]

Because, for the millionth time, he didn't buy the house as an investment, he bought it cuz he wanted it....why is that so hard for you accept?


Now, will you ever list those automatic 5-10% investments?

You know he gonna keep ignoring those posts like he ain't see it. I bet he googling like a mad man right now

Coli financial analysts always make the best threads though

 

[Wesley Pipes quotes]

Dumb nggas stay losing. I can't help but laugh at these ignorant nggas always on some "Fcku bytches, Get Money" tip..

THEM BTCHES END UP GETTING YOUR MONEY CAUSE YOU KEEP ON FCKING THEM. NGGAS out her spending 500K to 2 mil a year for child support alone. Multiply that by 18.



All your favorite rappers, ball players will end up fcking broke from all them babymama's and child support. Dumb nggas letting their dcks fck up their money, so yeh nggas

Fcku them bytches and let them get your money.

 

[JLova]

Because, for the millionth time, he didn't buy the house as an investment, he bought it cuz he wanted it....why is that so hard for you accept?


Now, will you ever list those automatic 5-10% investments?

Stop it. If he was told that his house would depreciate by 50% in 2 years, you still think he'd buy it? It IS an investment no matter how you slice it.

@ you being in his head.