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10-14-2010, 12:49 PM #1
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Billion Dollar Home....
Billion-dollar home has parking for 168 - thestar.com
Indian billionaire Mukesh Ambani's home has three helipads and a two-storey health centre.Last edited by secure; 10-14-2010 at 01:56 PM.
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10-14-2010, 12:54 PM #2
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Anyone for Jenga??
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10-14-2010, 01:00 PM #3
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After reading the full article myself, I noticed it was $70 million. Not $1 billion. Oh well. Cool looking place nonetheless.
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10-14-2010, 01:09 PM #4
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holy shit.
http://twitter.com/#!/LouisKemp1 Hit me up!
Originally Posted by BG
I want to say im flattered but i know somewhere in this world right now there is some guy wanking off to star-wars memorabilia and that gives me the heebie jeebies.
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10-14-2010, 01:24 PM #5
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Build cost = $70M
Real Estate increase in Mumbai = 15 times
Expected market value = $1.05B
Honestly I think it's a bit of a stretch to say that because the market when up 15 times that this place is worth $1B. It's worth the price that someone else is willing to pay so the question is; is there someone else on Earth willing to pay $1B for this home?
... a floor dedicated to servicing your cars is tempting though....
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10-14-2010, 01:48 PM #6
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You could say it was a 10bn house.....
It doesn't mean shit until you get someone to PAY your 'evaluated' price.
Your house is worth *only* what the market will bare. And I'm pretty confident there aren't people beating the door down to pay 1bn for it.
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10-14-2010, 01:54 PM #7
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Maybe it's just me, but building a shrine to decadence in one of the poorest places in the world strikes me a little as tacky. I know there's amazing amounts of wealth in SE Asia, but I personally would have built something more understated from the exterior (we had a pretty sick mansion in Africa, and you could see nothing but brick from the street), It's just asking for someone to come and **** shit up in that place...
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10-14-2010, 01:57 PM #8
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+1 Originally Posted by GDog
Build cost = $70M
Real Estate increase in Mumbai = 15 times
Expected market value = $1.05B
Honestly I think it's a bit of a stretch to say that because the market when up 15 times that this place is worth $1B. It's worth the price that someone else is willing to pay so the question is; is there someone else on Earth willing to pay $1B for this home?
... a floor dedicated to servicing your cars is tempting though....
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10-15-2010, 05:52 AM #9
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definitely a good clearup on the build price vs "expected market value" Sure there are a handful of houses on the world market "worth" 100+ million dollars but no one is paying to buy them.
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10-15-2010, 07:05 AM #10
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