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Rush Limbaugh Gets Mega Millions for Condo Sale

Deuce

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On the radio last week, he railed again against high property taxes, and predicted that basketball star LeBron James would bypass New York, and join a team in a place like Miami to save $12 million to $20 million a year in state income taxes he might have to pay in New York.
Rush isn't very good at math...
 

MaggieD

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One broker familiar with the transaction said the final price was about $11.5 million.
Interesting. That "one broker" had better hope the reporter keeps his name confidential. Otherwise, he could lose his license if he was doing anything but guessing. Any inside knowledge, and he'd be toast.
 

Josie

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Did you see those ceilings? Holy cow.
 

Lord Tammerlain

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Interesting. That "one broker" had better hope the reporter keeps his name confidential. Otherwise, he could lose his license if he was doing anything but guessing. Any inside knowledge, and he'd be toast.
Dont know about the states but here Real estate brokers here know the sale price for homes even if they did not sell them. I believe they get the information from the city
 

apdst

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Dont know about the states but here Real estate brokers here know the sale price for homes even if they did not sell them. I believe they get the information from the city
That's because we have rights, here. The Canucks sold their souls to socialism decades ago.
 

Lord Tammerlain

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That's because we have rights, here. The Canucks sold their souls to socialism decades ago.
You are kidding right

It is capitalism as for why the real estate brokers know this information

How do you get an idea of what your house is worth if not to compare it with homes that have sold in your neighborhood of a similar size and quality? How do you compare those price, you get the information from somewhere, and that somewhere is the muni government typically


Thankfully Canadians are not so stupid to think everything is socialism
 

apdst

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You are kidding right

It is capitalism as for why the real estate brokers know this information

How do you get an idea of what your house is worth if not to compare it with homes that have sold in your neighborhood of a similar size and quality? How do you compare those price, you get the information from somewhere, and that somewhere is the muni government typically


Thankfully Canadians are not so stupid to think everything is socialism
That's why ya'll been duped.

How do you get an idea of what your house is worth if not to compare it with homes that have sold in your neighborhood of a similar size and quality?
It's called, "appraisel". What I sell my home for, is no one's ****ing business. How can I possibly get an above market price for my home, if the buyer already knows what other homes have sold for? I bet there are a buncha Canadians that have lost their asses on home sales.
 
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Lord Tammerlain

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That's why ya'll been duped.
No that is why we have a better education system

We dont have as many morons. Only the US elite uni's provide a better education.
 

Goshin

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11 mil? Petty change to El Rushbo. Hard to argue with success...
 

apdst

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No that is why we have a better education system

We dont have as many morons. Only the US elite uni's provide a better education.
Yeah! That's why you are ok with it being illegal to pump your own gas; 'cause you're all so smart...:rofl!!
 

Lord Tammerlain

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Yeah! That's why you are ok with it being illegal to pump your own gas; 'cause you're all so smart...:rofl!!
Now see this is an example of the poor US edumacation system (I spelt it so you could read it)

We can pump our own gas here in Alberta, in Sask and BC. It is called "Self Service" as opposed to "Full Service" see we have the choice of which to go to.
 

apdst

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Now see this is an example of the poor US edumacation system (I spelt it so you could read it)

We can pump our own gas here in Alberta, in Sask and BC. It is called "Self Service" as opposed to "Full Service" see we have the choice of which to go to.
Um, not, it's illegal to pump your own gas in BC, without paying first. It's a law. Learn it, know it, live it.

In British Columbia, it is now law that customers either pre-pay for the fuel or pay at the pump. The law is called "Grant's Law"[6] and is intended to protect the workers from "gas-and-dash" crimes.
http://en.wikipedia.org/wiki/Filling_station#Canada
You might want to become familiar with the laws in your country, because ignorance of the law is no excuse.
 
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Lord Tammerlain

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Um, not, it's illegal to pump your own gas in BC, without paying first. It's a law. Learn it, know it, live it.
That is too prevent theft, you still pump your own gas dont you after you have paid for it. Unless the magical gas angels come and pump the gas after you have paid for it.

Learn it live it
 

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Jeesh - what a dumbass.
A CONDO for millions? who the hell ever wants to live a damn CONDO with NEIGHBORS and all that crap like that! Sorry - but however famous and rich I get I sure as hell won't be plunking down my money on a CONDO in the middle of a stuffy city. UGH!

Rich people are ****ing stupid.

Instead of buying a gold-enlayed crap CONDO they should buy a lot of LAND and develop it.
 

apdst

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That is too prevent theft, you still pump your own gas dont you after you have paid for it. Unless the magical gas angels come and pump the gas after you have paid for it.

Learn it live it
Yeah, but the government mandates that you either pay for it, or allow the magical gas do it for you.

So, in short, what I said, is true. Thanks for being honest. I know that hard for most Canadians.

How much does it suck to fear your government the way you all do?
 

Lord Tammerlain

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Yeah, but the government mandates that you either pay for it, or allow the magical gas do it for you.

So, in short, what I said, is true. Thanks for being honest. I know that hard for most Canadians.

How much does it suck to fear your government the way you all do?
What you is in now way shape or form true

People are pumping their own gas (in fact as they have paid for it first it is "their" gas.

It is not that the government fears us in regards to this, it would have been the gas stations being upset at the number of drive offs, and looking for a way to minimize them

As for being honest, which country has the higher number of people in jail (% of population)
 

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It's called, "appraisel". What I sell my home for, is no one's ****ing business. How can I possibly get an above market price for my home, if the buyer already knows what other homes have sold for? I bet there are a buncha Canadians that have lost their asses on home sales.
Sure hope you're kidding....this is the funniest post I've read on this forum so far. Hahaha!!! Where do you think the appraisal comes from? Oh, yes, an appraisor.....WHO LOOKS AT WHAT OTHER SIMILAR HOMES TO YOURS HAVE SOLD FOR. Buyers are a lot smarter than sellers, Apdst. They've looked a dozens of homes before they'll buy yours. And when they to make an offer on it, guess what? They look to see what other homes have sold for!!!! (Hope you're kidding.....or else you've never owned/bought/sold a home....)

@ Lord Tammerlain --In Illinois, until a property has actually "sold and closed," an accepted price is held in strictest confidence. Example: I accept a contract on my home for $300,000. I was asking $329,900, but accepted $300K. If that 'accepted price' were public knowledge, and the transaction fell apart, the NEXT purchaser would start negotiating at $300K. It is not in the best interest of the seller..and here in Illinois, at least, a broker could actually lose his license, be liable for damages/censure for disclosing that information. Don't know about NY...I would have assumed that particular protection would be the same.
 

Lord Tammerlain

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Sure hope you're kidding....this is the funniest post I've read on this forum so far. Hahaha!!! Where do you think the appraisal comes from? Oh, yes, an appraisor.....WHO LOOKS AT WHAT OTHER SIMILAR HOMES TO YOURS HAVE SOLD FOR. Buyers are a lot smarter than sellers, Apdst. They've looked a dozens of homes before they'll buy yours. And when they to make an offer on it, guess what? They look to see what other homes have sold for!!!! (Hope you're kidding.....or else you've never owned/bought/sold a home....)

@ Lord Tammerlain --In Illinois, until a property has actually "sold and closed," an accepted price is held in strictest confidence. Example: I accept a contract on my home for $300,000. I was asking $329,900, but accepted $300K. If that 'accepted price' were public knowledge, and the transaction fell apart, the NEXT purchaser would start negotiating at $300K. It is not in the best interest of the seller..and here in Illinois, at least, a broker could actually lose his license, be liable for damages/censure for disclosing that information. Don't know about NY...I would have assumed that particular protection would be the same.
I wasnt sure if the deal had closed or not, I would have expected it had,
 

apdst

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What you is in now way shape or form true

People are pumping their own gas (in fact as they have paid for it first it is "their" gas.

It is not that the government fears us in regards to this, it would have been the gas stations being upset at the number of drive offs, and looking for a way to minimize them

As for being honest, which country has the higher number of people in jail (% of population)
You want to pick on our edumacation?

As for being honest, which country has the higher number of people in jail (% of population)
Ooooohhhh, so now, it's because we got more mother****ers in the joint and that makes us inferior? How many illegal aliens ya'll got? How 'bout you start a movement to relocate a few million illegals to Canada? Bet that'll go over like a turd in a punch bowl.

Keep tryin', dude. I don't know what else to tell ya'.
 

apdst

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Sure hope you're kidding....this is the funniest post I've read on this forum so far. Hahaha!!! Where do you think the appraisal comes from? Oh, yes, an appraisor.....WHO LOOKS AT WHAT OTHER SIMILAR HOMES TO YOURS HAVE SOLD FOR. Buyers are a lot smarter than sellers, Apdst. They've looked a dozens of homes before they'll buy yours. And when they to make an offer on it, guess what? They look to see what other homes have sold for!!!! (Hope you're kidding.....or else you've never owned/bought/sold a home....)

@ Lord Tammerlain --In Illinois, until a property has actually "sold and closed," an accepted price is held in strictest confidence. Example: I accept a contract on my home for $300,000. I was asking $329,900, but accepted $300K. If that 'accepted price' were public knowledge, and the transaction fell apart, the NEXT purchaser would start negotiating at $300K. It is not in the best interest of the seller..and here in Illinois, at least, a broker could actually lose his license, be liable for damages/censure for disclosing that information. Don't know about NY...I would have assumed that particular protection would be the same.
True, but what I pay for a home isn't public knowledge. Is it?

Does the info read, "this is what a home, with these features sold for"?

Or, does it read, "APDST paid this for this piece of property"? That's the point I'm making.
 

Lord Tammerlain

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True, but what I pay for a home isn't public knowledge. Is it?

Does the info read, "this is what a home, with these features sold for"?

Or, does it read, "APDST paid this for this piece of property"? That's the point I'm making.
It reads

the property at XXXX sold for XXXXXXX dollars

I dont recall seeing the sellers name or the buyers name when I looked at the sheet showing comparabes
 

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@Apdst -- In most states (all, I think), the price paid for a home is public information. Here in Illinois, it's available on the internet through the county tax assessor's office with sale price/owner of property. Many local papers publish weeky real estate transaction lists: Thomas and Georgia Smith purchased 2456 Anywhere Street, Chicago, IL on 7/10/10 for $310,000. If you go in to the assessor's office, you can get who bought it, the mortgage amount, who the mortgage is with, date it closed, who you bought it from, yada yada yada. (Realtors don't have to go into the assessor's office....they can get it through the MLS.) Buyers always reference this information before making an offer on a home unless they're not represented by a Realtor, or their Realtor is a complete idiot.

A buyer typically looks at 'comparables' by looking at the listing sheets of homes that have sold/when/how much. That listing sheet shows square footage, amenities, room sizes, goodies, etc., etc. Most of the time interior photos are included. Without that information, the market would be in chaos as far as what a home is worth. Hope that all makes sense.

Lord Tammerlain is correct. When looking at comparables provided by a Realtor, one does not see the buyers' or sellers' names. Savvy buyers, however, will often ask their Realtor to give them a property history report from the assessor so they can see mortgage amounts, date of original purchase and amount paid. It's all available to the general public if they know where to look. And in this particular market, buyers are plenty savvy.
 
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Josie

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It reads

the property at XXXX sold for XXXXXXX dollars

I dont recall seeing the sellers name or the buyers name when I looked at the sheet showing comparabes
In my section of they don't announce what the final selling price was. All it says that it's sold and the asking price. It could've sold for less than that.
 

Lord Tammerlain

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In my section of they don't announce what the final selling price was. All it says that it's sold and the asking price. It could've sold for less than that.
MaggieD said it best and this is what I remember seeing when I sold my last place

Lord Tammerlain is correct. When looking at comparables provided by a Realtor, one does not see the buyers' or sellers' names. Savvy buyers, however, will often ask their Realtor to give them a property history report from the assessor so they can see mortgage amounts, date of original purchase and amount paid. It's all available to the general public if they know where to look. And in this particular market, buyers are plenty savvy
I saw the comparables sheet for my place, it listed the address, how much it sold for and when it was sold (along with the age of the place and square feet)

I was not savvy enough to do ask for the property history and such
 
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