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Michael Jordan's Mansion Is....

Michael Jordan's Mansion Is....

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by: WskyTngoFxtrt Active Indicator LED Icon 10 OP 
~ 10 years ago   Nov 7, '13 9:43am  
Up for auction.........with video... (his jeans look hideous, BTW)  http://sports.yahoo.com/blogs/nba-ball-dont-lie/video-tour-michael-jordan-chicago-area-mansion-auction-135601278--nba.html Take a video tour of Michael Jordan’s Chicago-area mansion, at auction soon (Video)   .Michael Jordan attempts to give his pants to Gerald Wallace free of charge (Kent Smith/ Getty).In February 2012, Michael Jordan put his 56,000 square-foot Chicago-area mansion (and its 7.39-acre property) on the market for the low, low price of $29 million. After more than a year without a suitable offer, that price was dropped by $8 million in July. Apparently not happy with their progress towards a deal, MJ and his representatives decided in mid-October to put the house up for auction. On Nov. 22, the property will go to the highest bidder.Since it was first placed on the market, we've seen stills and heard details of the mansion's unreal specifications. Apparently not content to rest on a set of impressive facts, the people at Concierge Auctions decided to produce a nearly nine-minute video tour to give potential bidders and curious onlookers a sense of what it's like to live at Jordan's compound.You will not be shocked to learn that it looks very nice. From the full NBA-specified basketball court to the PGA-grade putting green, this home clearly appeals to someone who desires the best in all forms of life. The layout of rooms and wings — yes, this home has several different wings — suggest an eye for functional design. Simply put, it seems like living here would be a lot of fun.Yet there's also a fair amount of the ridiculous. For instance, what is the purpose of creating a dining room table based on the grid of the city of Baghdad? Or, for that matter, why did His Airness require the doors of the original Playboy Mansion in Chicago? How did Jordan manage to blend the luxurious and the tacky to this extent?[Yahoo Sports Fantasy Basketball: Don't wait, sign up today!]The video's answer, apparently, is simply that we should accept the fact that the man's home reflects the athlete's on-court greatness. The basketball court isn't only great because it's big, but because playing on it reminds us of the immense training that went into the many accomplishments of Jordan's career. When former teammate and current Bulls assistant general manager Randy Brown speaks of training at the home as part of the famed "Breakfast Club" training group, we're supposed to assume that we can also reach those heights as we eat in the area adjacent to the court (presumably with our own private chef, as well). There's even some suggestion that spending time in the room that was once used for weight training — somewhat hilariously converted into a card room and cigar lounge (complete with air filtration system) after retirement — will allow the future owner to work on chasing his own dreams. (It should be glaringly obvious that all involved parties are trying to hook a male buyer.)I have never attempted to sell a house, so I can only assume that these tactics work. Something tells me, though, that owning Michael Jordan's mansion will not magically turn anyone into a professional-quality outside shooter. Greatness doesn't rub off quite so easily.Having the foresight (or lack thereof) to draft Adam Morrison with the third overall pick is another story. I'm pretty sure the mansion's next owner could have done that. 4951
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bubbleyes72 Active Indicator LED Icon 18
~ 10 years ago   Nov 7, '13 9:48am  
I'll pass it's not up to my par, I need something bigger! 4951
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WskyTngoFxtrt Active Indicator LED Icon 10 OP 
~ 10 years ago   Nov 7, '13 9:49am  
I'll pass it's not up to my par, I need something bigger!
 
@bubbleyes72: TWSS
4951
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TheTruthHurts Active Indicator LED Icon 12
~ 10 years ago   Nov 7, '13 9:51am  
Talk about over doing something, lmao.
 
And really, what was he thinking? I know he's loaded and all and I have zero problem with him buying a beautiful home. But there is always the business side associated with home buying. It's basic home buying 101 to know if you buy the largest most expensive home, even in million dollar areas, you are going to get stuck selling it for less than it might be worth. And also to know homes in That price range have a very small limited market.
 
He should have thought of that. He could have bought a palace for 2.5 million and maybe made money on the deal . lol ,excess has it's negatives . 4951
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WskyTngoFxtrt Active Indicator LED Icon 10 OP 
~ 10 years ago   Nov 7, '13 9:56am  
Talk about over doing something, lmao.
 
And really, what was he thinking? I know he's loaded and all and I have zero problem with him buying a beautiful home. But there is always the business side associated with home buying. It's basic home buying 101 to know if you buy the largest most expensive home, even in million dollar areas, you are going to get stuck selling it for less than it might be worth. And also to know homes in That price range have a very small limited market.
 
He should have thought of that. He could have bought a palace for 2.5 million and maybe made money on the deal . lol ,excess has it's negatives .
 
@TheTruthHurts: Generallly I would agree with you. But there is a lot of sports history associated with that house and the Michael Jordan name. A lot of the Bulls members practiced there on their way to multiple championships. There will be plenty of people that will be trying to be the top bidder and own a piece of that unique history that probably will never be duplicated.
4951
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elguapo Active Indicator LED Icon 15
~ 10 years ago   Nov 7, '13 9:56am  
Maybe Justin Bieber will buy it...  4951
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KingwoodDotCom Active Indicator LED Icon 18 Site Admin
~ 10 years ago   Nov 7, '13 9:58am  
It's basic home buying 101 to know if you buy the largest most expensive home, even in million dollar areas, you are going to get stuck selling it for less than it might be worth. And also to know homes I. That price range have a very small limited market.
 
@TheTruthHurts: I don't think Michael Jordan cares if he loses a couple million, as long as he gets the house wants.  As impressive and extravagant as that house is, he could buy that house over again in cash once every 6 months at his current income...


4951
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WskyTngoFxtrt Active Indicator LED Icon 10 OP 
~ 10 years ago   Nov 7, '13 10:00am  

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>> It's basic home buying 101 to know if you buy the largest most expensive home, even in million dollar areas, you are going to get stuck selling it for less than it might be worth. And also to know homes I. That price range have a very small limited market.
 
@TheTruthHurts: I don't think Michael Jordan cares if he loses a couple million, as long as he gets the house wants.  As impressive and extravagant as that house is, he could buy that house over again in cash once every 6 months at his current income...


 
@KingwoodDotCom: He won't lose a dime. That home has sports related historical value.
4951
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TheTruthHurts Active Indicator LED Icon 12
~ 10 years ago   Nov 7, '13 10:11am  

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>> It's basic home buying 101 to know if you buy the largest most expensive home, even in million dollar areas, you are going to get stuck selling it for less than it might be worth. And also to know homes I. That price range have a very small limited market.
 
@TheTruthHurts: I don't think Michael Jordan cares if he loses a couple million, as long as he gets the house wants.  As impressive and extravagant as that house is, he could buy that house over again in cash once every 6 months at his current income...


 
@KingwoodDotCom:
Well I agree, he can afford it. But my point is if he has to put it on the auction block, it wasn't a very smart buy. For him it probably matters not. 4951
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WskyTngoFxtrt Active Indicator LED Icon 10 OP 
~ 10 years ago   Nov 7, '13 10:15am  

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>>
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>> It's basic home buying 101 to know if you buy the largest most expensive home, even in million dollar areas, you are going to get stuck selling it for less than it might be worth. And also to know homes I. That price range have a very small limited market.
 
@TheTruthHurts: I don't think Michael Jordan cares if he loses a couple million, as long as he gets the house wants.  As impressive and extravagant as that house is, he could buy that house over again in cash once every 6 months at his current income...

 
@KingwoodDotCom:
Well I agree, he can afford it. But my point is if he has to put it on the auction block, it wasn't a very smart buy. For him it probably matters not.
 
@TheTruthHurts: He's probably going to net more money by auctioning it off than if he put it on the market. It's a brilliant move.
4951
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