Dwight Howard buys $20M LA Mansion

^ well, I don't have that money, and am not involved in personal wealth management or real estate in that way, so wouldn't know for sure.

but, it is certainly not logical. you can come up with any number of reasons to do it, and there'd always be, technically a better financial solution.

 

would u finance a car instead of paying cash up front as well?

 

I assume it would be something like this.

http://www.businessinsider.com/mark...-lives-in-his-6-million-house-for-free-2012-7

 

Should have "Straight Cash Homie".

 

If i were Dwight i would have paid straight cash like some Russian did in Miami on a $47mil mansion.

 

It angers me because so many people are struggling so much just to pay the bills and put food on the table while this guy whines and act like an immature spoil kid. He doesn't realize how lucky he is. So gifted with millions of dollars in his bank account. Something tells me that his childish act will get him bankrupt a few years after he retires from the NBA.

 

It's in newport beach - a place that will forever be immune to factors that affect the rest of the country. Straight cash homey.

 

Of course... Depending on terms, etc. debt is cheaper then equity. Basic finance.

 

Something that i assume most people don't know, when you take out a loan, there is 2 figures on the loan, in most consumer loans they're consolidated (and often a generic broad range). However in commercial loans, quite a few banks, especially european ones will put the "base rate" and your personal "risk premium" to reach your final rate.

And it's also quite normal for the top 1%ers of bank clients to be given the same sorts of deal.

 

60% of all NBA players go bankrupt within a few years after retirement. Google it.

 

Maybe he got a loan from Vince Young's bank.

 

Dwight should take. Book out of the zuckers book of financial managemaney

 

If I could get a cheaper interest rate than what the cash would earn, then I definitely would.

 

I know people who have "borrowed" tons of money (or just a little money) when they have had the cash to simply write a check. If you have an investment making 8%, why divest part of it to pay for a house that you could get for 4% interest?

 

any pics of the mansion?

 

It's a great investment for Dwight in this housing market.

$20 mil today => a whole lot more when the economy recovers.

 

It's obvious, he's signing with the Clippers in the offseason.

 

not really no, the expensive house market belongs only to the rich, and none of them really suffered that much in it all.

If anything, they got a bit richer and better off in the future as the GFC gave a pretty convenient excuse to slim down your work force to more efficient numbers.

 

Hed rather buy a mansion than pay child support...b**** you wasn't with me shooting in the gym!

 

Wow have fun selling that later Dwight. Oh well, who cares he needs alot of room for his babies and baby mommas