Mel Gibson Drops The Price On Old Mill Farm

Reader Comments (Page 1 of 1)

9-07-2008 @ 7:19PM

Graffitimonkie said...

Unless living in a home that Mel Gibson has lived in already carries a hefty premium for the house it is no different than any other mansion and I think he should lower his price to $30 million possibly for a quick and easy sale, I mean that thing has been on the market for a year. It is harder for people to get loans for homes, and jumbo loans are no exception.

Don't fall in love with the homes anymore, they're starting to be seen more for what they're worth as shelter now which makes people price them more realistically.

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9-10-2008 @ 10:52AM

ron said...

do you think a person who can afford a 30 million plus home needs a mortgage. there needs to be some other motavator.

9-10-2008 @ 11:25AM

Jacob said...

Dude, I really don't think that someone's going to pull out a loan for a +30 million dollar home. If you can't afford a house that big, settle for a "smaller" mansion. Only people that will be looking at that house are musicians, actors, or hedge fund managers and none of them are going to need a loan.

9-10-2008 @ 11:56AM

Dave said...

YOU HAVE AN ECONOMICS BLOG! You think that someone with a 30M+ buget is going to the local bank of america to get a mortgage? Jumbo loan limits don't come anywhere near this property. You are a complete moron and shouldn't attach your web sites to this crap... it won't help your cause. Silly man... must be a liberal.

9-12-2008 @ 12:52AM

Michael said...

All the people who replied to Graffitimonkie are the ones who are stupid

Why would a competent investor throiw down $35m for a nice house like this in cash???

If they are good enough to have a $35 budget for a single home I'd guess they are good enough to earn a better rate of return on that $35m than the annual repayments would be, meaning it makes most sense to take on finance in this case

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