ForgotPassword?
Sign Up
Search this Topic:
Forum Jump
Posts: 2598
May 29 08 4:36 AM
Are these $70 million estates really worth that? Who knows when you get that high up in the stratosphere. I think the problem I have with Tom's new home is that it's ugly. At least we know the previous owner is laughing at TC and hopefully doing something enjoyable with the money he made off of Cruise. Maybe its Location, Location, Location. I don't know LA but I suppose Tommy's new house is close enough to UA or the Celebrity Center or wherever that people pay more to be closer. When someone like Brangelina buy mega estates I just view it as asset transferring. Whether the money is sitting in their Swiss bank account or sitting in a French chateau it's all just considered an asset on their balance sheet. And wealthy people like to be diversified between real estate, stocks, etc. It's all real estate appreciation vs. the stock market over the long term. I really want to see the inside of Tommy's new home. Wasn't Katie supposedly in charge of the decorating? Would love to see what she let her LA decorator talk her into.
Interact
Share This