Where else can you buy a $13.3 million dollar home for $100

kellys — Wed, 28 Jan 2009 16:16:57 +0000

Turns out, Lehman Brothers former CEO, Richard Fuld, and his wife sold their mansion in Florida, reportedly worth $13.3 million for only $100. Now that is a deal of all deals. I am sure the lady that was able to buy the home didn’t have to ask for a mortgage to buy it, but I am curious to see what her taxes will be. HEEHEE

According to the article at NY Daily, he might have been trying to avoid it being taken in lawsuits dealing with the collapse of Lehman Brothers and the executive’s involvement in it. Either way, it’s an interesting story.

Post from: Thrifty Mommy

Rent Vs Buying a home can make you money in the long haul

kellys — Sat, 17 Feb 2007 16:51:16 +0000

I found a great post at Best Homes in Broward, a real estate site in Broward County Florida that reminds us why it is better to buy a home and enjoy the fruits of building up equity rather than rent for a long period of time and waste your money. INHO, you work too hard to earn your money than to waste it on renting for the long term. Renting is fine when you are learning the area. But once you have figured out what you want and where you want to live, I recommend buying. You build up equity and can use that equity in a number of ways. But that is for another time.

Take a look at the article and see what you think. They would appreciate the conversation.

Post from: Thrifty Mommy

Thrifty Mommy » real-estate

Where else can you buy a $13.3 million dollar home for $100

Rent Vs Buying a home can make you money in the long haul