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(Celebslam)   Good: Ryan Phillippe just sold his house for $6 million. Not so good: He paid $7.2 million for it   (celebslam.celebuzz.com) divider line 47
    More: Interesting, Ryan Phillippe, Reese Witherspoon  
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1846 clicks; posted to Entertainment » on 01 Apr 2013 at 10:50 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-01 10:51:49 AM
But his sister let him do her in the pooper, right?
 
2013-04-01 10:54:19 AM
Very not so good: Ryan Phillippe has enough money to afford a $7.2 million house.
 
2013-04-01 10:58:56 AM
Well, he made 59 million last year.
 
To put this in 'regular folk' numbers - if he made 59k last year, this would be like him selling his house for 6k when he paid 7.2k for it back in 2008.
 
Except - no 'regular American' buys a house for a tiny fraction of their annual salary.  This would be the same as a guy like me buying a used car for 7.2k off Criagslist in 2008 and selling it today for 6k.  Yes - I like 1.2k on the deal - but 1.2k represents ~2% of my annual salary.
 
In other words - that 1.2 million is an utterly insignificant blip on his radar.  But, in here is where we get to be smug and make fun of 'celebs who suck'....
 
2013-04-01 11:06:10 AM

Fark_Guy_Rob: Well, he made 59 million last year.
 
To put this in 'regular folk' numbers - if he made 59k last year, this would be like him selling his house for 6k when he paid 7.2k for it back in 2008.
 
Except - no 'regular American' buys a house for a tiny fraction of their annual salary.  This would be the same as a guy like me buying a used car for 7.2k off Criagslist in 2008 and selling it today for 6k.  Yes - I like 1.2k on the deal - but 1.2k represents ~2% of my annual salary.
 
In other words - that 1.2 million is an utterly insignificant blip on his radar.  But, in here is where we get to be smug and make fun of 'celebs who suck'....


Can't help but think of Citizen Kane.
 
You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in, 60 years.
 
2013-04-01 11:06:32 AM
Real estate is not, and has never been, an investment.
 
2013-04-01 11:08:56 AM

Fark_Guy_Rob: In other words - that 1.2 million is an utterly insignificant blip on his radar.  But, in here is where we get to be smug and make fun of 'celebs who suck'....


Doesn't he get to write the loss off on his taxes though?
 
2013-04-01 11:13:01 AM
I'm sure he will be okay, after he mourns this financial devastation by burying his cherubic face in some beautiful woman's breasts.
 
2013-04-01 11:17:46 AM
Read that as 'horse' and was like "Now this guys got an eye for business"
 
2013-04-01 11:41:18 AM

Fark_Guy_Rob: Well, he made 59 million last year.

 

Citation definitely needed on that one.
 
2013-04-01 11:43:20 AM
On the plus side, he now has 6 million dollars from the deal, so I'm not feeling too bad for him.
 
2013-04-01 12:23:50 PM
Unavailable for comment

cdn.cnwimg.com
 
2013-04-01 12:25:06 PM

Fark_Guy_Rob: Well, he made 59 million last year.
 
To put this in 'regular folk' numbers - if he made 59k last year, this would be like him selling his house for 6k when he paid 7.2k for it back in 2008.
 
Except - no 'regular American' buys a house for a tiny fraction of their annual salary.  This would be the same as a guy like me buying a used car for 7.2k off Criagslist in 2008 and selling it today for 6k.  Yes - I like 1.2k on the deal - but 1.2k represents ~2% of my annual salary.
 
In other words - that 1.2 million is an utterly insignificant blip on his radar.  But, in here is where we get to be smug and make fun of 'celebs who suck'....


That number cannot be right.  That's like Tom Cruise/Will Smith money.  The last movie I saw Phillipe in was MacGruber, which was terrible.
 
2013-04-01 12:47:24 PM

moanerific: Fark_Guy_Rob: Well, he made 59 million lat year.
 
To put thi in 'regular folk' number - if he made 59k lat year, thi would be like him elling hi houe for 6k when he paid 7.2k for it back in 2008.
 
Except - no 'regular American' buy a houe for a tiny fraction of their annual alary.  Thi would be the ame a a guy like me buying a ued car for 7.2k off Criaglit in 2008 and elling it today for 6k.  Ye - I like 1.2k on the deal - but 1.2k repreent ~2% of my annual alary.
 
In other word - that 1.2 million i an utterly inignificant blip on hi radar.  But, in here i where we get to be mug and make fun of 'celeb who uck'....

That number cannot be right.  That' like Tom Cruie/Will Smith money.  The lat movie I aw Phillipe in wa MacGruber, which wa terrible.


You didn't catch hi porn trilogy? Gotta go where the money i....
 
2013-04-01 01:30:49 PM

moanerific: Fark_Guy_Rob: Well, he made 59 million last year.

To put this in 'regular folk' numbers - if he made 59k last year, this would be like him selling his house for 6k when he paid 7.2k for it back in 2008.

Except - no 'regular American' buys a house for a tiny fraction of their annual salary.  This would be the same as a guy like me buying a used car for 7.2k off Criagslist in 2008 and selling it today for 6k.  Yes - I like 1.2k on the deal - but 1.2k represents ~2% of my annual salary.

In other words - that 1.2 million is an utterly insignificant blip on his radar.  But, in here is where we get to be smug and make fun of 'celebs who suck'....

That number cannot be right.  That's like Tom Cruise/Will Smith money.  The last movie I saw Phillipe in was MacGruber, which was terrible.


He has been in the TV show Damages with Glen Close for...man almost a full season now? Though I don't think even Glen Close makes 59 million on that show.
 
2013-04-01 01:41:38 PM
Whatever the loss, he got five years of living out of the place. So figure the rent was equivalent to $20k a month. Sometimes you have to take the loss on a sunk cost.

But if I saw the kitchen I'd run away. It doesn't have "The Kitchen Triangle" and they manage to put a double oven in place such that the upper one rack's at shoulder level. I see a gut and remodel of that space.

And I've never understood the idea of a bedroom with a sweeping view. Unless this is the one you have to bang college chicks in. A bedroom should be about twice the size of the bed, quiet, and one shaded window so you know roughly what time it is when you regain consciousness.
 
2013-04-01 01:52:39 PM

Fark_Guy_Rob: Well, he made 59 million last year.
 
To put this in 'regular folk' numbers - if he made 59k last year, this would be like him selling his house for 6k when he paid 7.2k for it back in 2008.
 
Except - no 'regular American' buys a house for a tiny fraction of their annual salary.  This would be the same as a guy like me buying a used car for 7.2k off Criagslist in 2008 and selling it today for 6k.  Yes - I like 1.2k on the deal - but 1.2k represents ~2% of my annual salary.
 
In other words - that 1.2 million is an utterly insignificant blip on his radar.  But, in here is where we get to be smug and make fun of 'celebs who suck'....


The analogy goes deeper than that.  You have to take into account what it would have cost to rent during that time period too.
 
2013-04-01 01:54:08 PM
Not everyone can be Taylor Swift.
 
2013-04-01 02:00:29 PM
In other news, Ryan Phillippe is still alive....
 
2013-04-01 02:12:07 PM

Quantum Apostrophe: Real estate is not, and has never been, an investment.


This,  if you buy a house hoping for something other than a place to live, you deserve to lose money on it.
 
2013-04-01 02:32:46 PM
Most people that bought in 2008 would be selling for a loss today.  What a stupid article.
 
2013-04-01 03:14:16 PM

Fark_Guy_Rob: Well, he made 59 million last year.


Why even unload it for a loss?  I would just keep it as an investment since he probably can afford the taxes and stuff.
 
2013-04-01 03:20:26 PM
Yes, but on the plus side, even it was just in a movie, he had a chance to put it anywhere.

i221.photobucket.com
 
2013-04-01 03:48:37 PM

Warlordtrooper: Quantum Apostrophe: Real estate is not, and has never been, an investment.

This,  if you buy a house hoping for something other than a place to live, you deserve to lose money on it.


No, not 'this'.

Your primary residence is a place to live.But that doesn't mean real estate is never an investment.

What about buying a multi-unit building to rent out?
 
2013-04-01 03:58:23 PM

Quantum Apostrophe: Real estate is not, and has never been, an investment.


There's a case to be made for "shouldn't", but clearly it has been an investment.  That's not to say it's a good one.
 
2013-04-01 04:06:56 PM
 
2013-04-01 04:19:32 PM

Quantum Apostrophe: Real estate is not, and has never been, an investment.


Now I'm a pretty conservative investor myself... but that's a rather large and sweeping horseshiat statement to make.
 
2013-04-01 04:22:44 PM

Warlordtrooper: This, if you buy a house hoping for something other than a place to live, you deserve to lose money on it.


Maybe they 'deserve' to loose money on it - I'll leave it up to you to decide what everyone desrves. But that doesn't change the fact that probably tens of millions of americans have bought property, hoped it would go up substantially in value by the time they would sell it, then it did just what they hoped it would do.
 
2013-04-01 04:26:13 PM
At least he's a better real estate tycoon than he is an actor.
 
2013-04-01 04:36:21 PM

velvet_fog: His net worth is $32 million. Source: http://www.celebritynetworth.com/richest-celebrities/actors/ryan-phil l ippe-net-worth/


Considering he made $59 million in 2012, I'd say he needs a better accountant.
 
2013-04-01 04:42:32 PM

Mercutio74: At least he's a better real estate tycoon than he is an actor.


You sound like a guy whose net worth rises annually by at least the amount of his prior years' gross income.
 
2013-04-01 06:30:24 PM

Cloudchaser Sakonige the Red Wolf: Unavailable for comment

[cdn.cnwimg.com image 839x618]


What a dump.  That place has only ONE pool.
 
2013-04-01 09:49:48 PM

Uncle Pooky: velvet_fog: His net worth is $32 million. Source: http://www.celebritynetworth.com/richest-celebrities/actors/ryan-phil l ippe-net-worth/

Considering he made $59 million in 2012, I'd say he needs a better accountant.


Cocaine's a hell of a drug.
 
2013-04-01 09:57:40 PM
One year out of the academy, zero combat experience, little punk thinks his shiat don't stink. Well, just to let you know, your shiat does stink. (sniff)
It stinks like shiat.
 
2013-04-01 10:21:03 PM

Uncle Pooky: velvet_fog: His net worth is $32 million. Source: http://www.celebritynetworth.com/richest-celebrities/actors/ryan-phil l ippe-net-worth/

Considering he made $59 million in 2012, I'd say he needs a better accountant.


Ryan Phillippe != Ryan Seacrest

http://www.therichest.org/celebnetwor th/celeb/tv-personality/ryan-sea c rest-net-worth/
 
2013-04-01 11:41:49 PM
Almost 8k sq ft and they could only do a galley kitchen... WTF.
 
2013-04-02 12:39:00 AM
Gimme an hour in the steam room with Mr. Phillippe and I'd've found a way to come up with that last $1.2 million for him.
 
2013-04-02 01:15:09 AM

Saiga410: Almost 8k sq ft and they could only do a galley kitchen... WTF.


You don't need a big "entertaining" kitchen if the help is doing all the cooking.
 
2013-04-02 03:16:20 AM

JohnBigBootay: Quantum Apostrophe: Real estate is not, and has never been, an investment.

Now I'm a pretty conservative investor myself... but that's a rather large and sweeping horseshiat statement to make.


QA makes nothing BUT horseshiat statements. He can print them up on the 3D printer he hates with the hate of a thousand burning suns.
 
2013-04-02 07:28:18 AM

Fano: JohnBigBootay: Quantum Apostrophe: Real estate is not, and has never been, an investment.

Now I'm a pretty conservative investor myself... but that's a rather large and sweeping horseshiat statement to make.

QA makes nothing BUT horseshiat statements. He can print them up on the 3D printer he hates with the hate of a thousand burning suns.


Fine, so invest away. Show me the magic of real estate. Very high cost of entry (various BS taxes, fees, percentages), very high upkeep (it's "yours"!), and then you have to work some more to unload it to the next sucker. How is a second job an "investment"?

Also please show me how this "investment" protects you if you lose your job? Seems to me you owe your life to the bank now, (good luck getting them to unclog your sink, BTW, unlike my landlord). My investments are are liquidities. Worst case I pay an early withdrawal penalty from my registered pension fund. Can't do that with real estate, unless you enjoy borrowing even more?

Real estate is an investment for the banks, lawyers, agents and municipalities that can charge anything they want. It hasn't been an investment for the working class for decades.

Horseshiat me that.

And how do I "hate" 3D printers? I hate the uncritical hype and gee-wiz fantasizing people do, but you never address that. Do you really think we will be able to 3D print fully functional cars and houses from one machine?
 
2013-04-02 08:25:13 AM

elvindeath: Yes, but on the plus side, even it was just in a movie, he had a chance to put it anywhere.

[i221.photobucket.com image 800x452]


TWIST: He never actually had a chance to put it anywhere. She was too much of a biatch.

/Valmontis the superior version of that movie by far
//yet that movie is better then Dangerous Liasons
 
2013-04-02 06:28:57 PM

JohnBigBootay: Quantum Apostrophe: Real estate is not, and has never been, an investment.

Now I'm a pretty conservative investor myself... but that's a rather large and sweeping horseshiat statement to make.


Fark University at it's finest.
 
2013-04-02 06:43:32 PM

stappawho: JohnBigBootay: Quantum Apostrophe: Real estate is not, and has never been, an investment.

Now I'm a pretty conservative investor myself... but that's a rather large and sweeping horseshiat statement to make.

Fark University at it's finest.


And he is going to have a field day with that apostrophe.
 
2013-04-02 08:04:19 PM

Quantum Apostrophe: Fano: JohnBigBootay: Quantum Apostrophe: Real estate is not, and has never been, an investment.

Now I'm a pretty conservative investor myself... but that's a rather large and sweeping horseshiat statement to make.

QA makes nothing BUT horseshiat statements. He can print them up on the 3D printer he hates with the hate of a thousand burning suns.

Fine, so invest away. Show me the magic of real estate. Very high cost of entry (various BS taxes, fees, percentages), very high upkeep (it's "yours"!), and then you have to work some more to unload it to the next sucker. How is a second job an "investment"?

Also please show me how this "investment" protects you if you lose your job? Seems to me you owe your life to the bank now, (good luck getting them to unclog your sink, BTW, unlike my landlord). My investments are are liquidities. Worst case I pay an early withdrawal penalty from my registered pension fund. Can't do that with real estate, unless you enjoy borrowing even more?

Real estate is an investment for the banks, lawyers, agents and municipalities that can charge anything they want. It hasn't been an investment for the working class for decades.

Horseshiat me that.

And how do I "hate" 3D printers? I hate the uncritical hype and gee-wiz fantasizing people do, but you never address that. Do you really think we will be able to 3D print fully functional cars and houses from one machine?



I bought my house twenty years ago. My monthly mortgage is $250. Renting the same size house in the same area would now be $1500 a month. (And here the renter pays the property taxes, not the landlord, so I'd have to pay the taxes either way)

And in five year my monthly outgoing becomes zero.

Saving $1250 a month (now) or $1500 a month (soon) pays for a whole lot of sink unblocking....

If I lost my job but was renting I'd still have to pay rent to live here, and I'd have to find $1250 more each month. In five years time I won't have to pay anything, except taxes. But if I rented I'd have to pay that anyway.
 
2013-04-03 09:21:04 AM
 
2013-04-03 02:52:09 PM

Quantum Apostrophe: http://canadabubble.com/bubble-watch/595-why-buying-a-house-is-a-bad- i nvestment.html


And yet I am saving $1250 every month by owning my home. In five years I will be saving $1500 a month. More in fact because by then rents will have risen while my mortgage will have finished.

What that article is saying, and rightly, is that purely as an investment a house is not ideal. People who bought the absolute biggest house they could get thinking that in a few years it will have doubled in value are rightly criticised.

But I bought my house as a place to live. At the time the monthly mortgage amount was the same as the monthly rent would have been, so at no point was I paying more to buy. Over time my mortgage has stayed the same while rents have climbed every year. And they will continue climbing forever long after my mortgage has finished.

Pro-renters point out that they can easily move if they wish but fail to mention that their landlord can also evict them easily if they want. It works both ways. For work I live within easily commutable distance of a huge number of employers, including London, so would have little fear of having to move to get a job. And if I do lose my job and cannot afford to pay my mortgage then that is still far more affordable than having to pay rent would be. One month of  rent is six months of mymortgage payment. And if I stop paying it is far harder to evict me than if I was renting. And if I do get evicted and lose my house, so what? I'm still far better off than had I rented since I have been paying far less every month.

Even including the money I have spent on appliances,maintainance, repairs, insurance etc I am hugely better off. I also have the freedom to decorate any way I want, build an extension or knock down a wall.

As a bonus I have alsoacquired an asset that I can sell off if I wish. If I sold it and then rented a place I'd be in the exact same position as someone who has rented forever except I'd have a six figure lump sum in my bank account.

You can quote articles and Adam Smith all you want. My personal direct,  actual, experience says otherwise.
 
2013-04-03 03:27:45 PM

Flint Ironstag: And yet I am saving $1250 every month by owning my home. In five years I will be saving $1500 a month. More in fact because by then rents will have risen while my mortgage will have finished.


If only we could travel in time and buy at 20 year old prices, eh?

Flint Ironstag: Pro-renters point out that they can easily move if they wish but fail to mention that their landlord can also evict them easily if they want.


So can your government, for any reason. Try not paying your municipal taxes and watch what happens.

Flint Ironstag: Even including the money I have spent on appliances,maintainance, repairs, insurance etc I am hugely better off. I also have the freedom to decorate any way I want, build an extension or knock down a wall.


I'm not materialistic enough to even consider decorating. I left my place in 3D printed white. But you are not exactly free to do the things you want either. You gotta apply for a permit.

Flint Ironstag: You can quote articles and Adam Smith all you want. My personal direct, actual, experience says otherwise.


Like I said, if you can travel back in time and be sure to not move for the next twenty years and have a guaranteed job, great for you. These days, eh, I still think real estate is a vile, slimy and seedy business operating on fantasies.
 
2013-04-03 03:42:11 PM

Quantum Apostrophe: Flint Ironstag: And yet I am saving $1250 every month by owning my home. In five years I will be saving $1500 a month. More in fact because by then rents will have risen while my mortgage will have finished.

If only we could travel in time and buy at 20 year old prices, eh?


No, the situation was exactly the same when my parents got a house. Rents rise, house prices rise, mortgage payments stay about the same then stop after 25 years.  It was the same with my grandparents house which we sold off a few years ago.

Flint Ironstag: Pro-renters point out that they can easily move if they wish but fail to mention that their landlord can also evict them easily if they want.

So can your government, for any reason. Try not paying your municipal taxes and watch what happens.


So no difference between renting and buying then?

Flint Ironstag: Even including the money I have spent on appliances,maintainance, repairs, insurance etc I am hugely better off. I also have the freedom to decorate any way I want, build an extension or knock down a wall.

I'm not materialistic enough to even consider decorating. I left my place in 3D printed white. But you are not exactly free to do the things you want either. You gotta apply for a permit.


Permit? To redecorate? Knock down a wall? Even most extensions, conservatories, garrages etc here don't need any permit. And "Get a permit" is still far better than "Can't do it"

Flint Ironstag: You can quote articles and Adam Smith all you want. My personal direct, actual, experience says otherwise.

Like I said, if you can travel back in time and be sure to not move for the next twenty years and have a guaranteed job, great for you. These days, eh, I still think real estate is a vile, slimy and seedy business operating on fantasies.


So you missed my points about not needing to move, having more security even if I did lose my job, being able to afford six months of mortgage for every one months rent and being financially better off even if I did lose my house because I've been paying far less each month anyway?

And again, you can have whatever opinion you want. My actual experience says otherwise. I pay $250 a month mortgage and I'd have to pay $1500 to rent. Even if I paid my mortgage for 25 years and then burned the house down and walked away I'd still be far better off than had I paid rent for all that time.
 
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