Mortgage Man Decides To Sell Yacht and House
An odd casualty of the subprime market is this 142-foot yacht Trinity yacht, optimistically named Postive Carry. The Street.com writes that John Devaney, United Capital's chief executive and a one-time master of the mortgage market has put this yacht up for sale for $23.5 million.
Devaney is also the owner of the Sardy House, a Victorian home which we profiled in 2005 when it was for sale for $20 million. Sardy bought the house which is famous for having a 90-foot-tall living Christmas tree out front, for $16.5 million and is now listing it at $21.5 million. He did after all, put in new LED lights for the Christmas tree.
