50 Cent's Connecticut Mansion is losing it's value

[coose]

Not only that. He could have built it somewhere where people would actually want to live. Who the fukk would spend that type of money to live in fukking CT?

High And Mighty: Mansion Rises Atop Avon Mountain

Lots of rich people/families have houses in Connecticut. Most have multiple houses elsewhere though ........ In general alot of people are and have been leaving the state for a while now though

 

[SunZoo]

I would turn that shyt into a farm.

 

[DrX]

of course....cacs aint paying for that....

nikka tacky...he probably got stripper poles and versace floors...old money mock ppl that buy gucci and parda

 

[loyola llothta]

@Bks Finest






Son she went in on Curtis

curtisssss

 

[O.G.B]

Location IS everything. If the house was in Greenwich, Connecticut, he would have sold it 5 years ago. It's like the Beverly Hills of Connecticut.

Greenwich, Connecticut - Wikipedia, the free encyclopedia

Instead the house is in Farmington, Connecticut, about 20 mins from Hartford, which is like 3 hours from New York City. That's like the Inland Empire of Connecticut. Nobody wants to live there or pay all the upkeep for a mansion that size in a city that boring.

Wrong! Location IS NOT everything when it comes to real estate. People need to quit repeating these inaccurate, long standing industry slogans when there are other aspects & factors involved with buying & selling homes that are just as important.

Furthermore, even if 50 Dense had the same house in Greenwich, Ct, this still doesn't mean his property would have been sold, especially when real estate values have plummeted in Greenwich for high end homes for years, not to mention that most wealthy or ultra rich people would probably prefer to build their own home newly from scratch instead of investing additional money & time into renovating a "hood" rapper's home which may carry a negative stigma attached to it & also possibly lessen a wealthy owners status or future property value, whether perceived or real.


Trulia Real Estate Data for Greenwich

"The median sales price for homes in Greenwich CT for Sep 15 to Dec 15 was $940,000. This represents a decline of 36.3%, or $535,000, compared to the prior quarter and a decrease of 2.8% compared to the prior year. Sales prices have depreciated 43.9% over the last 5 years in Greenwich. The average listing price for Greenwich homes for sale on Trulia was $3,627,668 for the week ending Dec 09, which represents a decline of 3%, or $111,694, compared to the prior week and an increase of 2.2%, or $79,288, compared to the week ending Nov 18. Average price per square foot for Greenwich CT was $521, an increase of 10.6% compared to the same period last year."

Real Estate Market Trends for Greenwich, CT - Trulia


Connecticut Homes Biggest Losers as Wall Street Cuts: Mortgages
August 28, 2012 — 8:04 AM CDT

"Connecticut, for 25 years the state with the highest per capita income in the U.S., is now leading the nation in home-price declines as Wall Street trims jobs and bonuses that had driven multimillion-dollar property sales.

Prices in the Fairfield County area, home of the banker bedroom communities of Greenwich and New Canaan, tumbled 12.9 percent in the second quarter from a year earlier, the biggest decline of the 147 U.S. metropolitan areas measured by the National Association of Realtors."

Connecticut Homes Biggest Losers as Wall Street Cuts: MortgagesConnecticut Homes Biggest Losers as Wall Street Cuts: Mortgages

Home Sales Fall in Hedge Fund Rich Connecticut Town

"March 27, 2008 (Bloomberg) -- Home sales slumped this year in Greenwich, Connecticut, as North America's hedge-fund capital experiences the effects of the credit crisis that has slashed Wall Street payrolls and profits.

January and February home sales fell 29 percent to 75 houses in the town that's home to more than 100 hedge funds, property broker Prudential Connecticut Realty said yesterday. There were 106 sales in the year-earlier period for the town that's an hour's drive from Manhattan. The total value of properties sold dropped 18 percent to $215.1 million, according to the report."

Home Sales Fall in Hedge Fund Rich Connecticut Town (Update1) - Bloomberg


Greenwich's backcountry real estate market sees slump
Friday, October 17, 2014

"The backcountry market definitely has been challenging," said Julianne Ward, a real estate agent with Berkshire Hathaway HomeServices. "I find that showings are not as plentiful as they used to be, and buyers are just expecting a lot more when they go backcountry, because they have such a large amount of inventory to look at."

"If you really want to sell your house, you can in any market and at any time. You just have to be flexible with your buyers, because the buyers are the ones who are making the market, and if they don't like it at a particular price, they're not going to buy it. And until they like it, it's going to sit there," Ward said.

"It used to be there was an overabundance of buyers and not enough houses, and now it's the opposite," she said."

Greenwich's backcountry real estate market sees slump

 

[BK The Great]

@Bks Finest






Son she went in on Curtis

they coming for his head, duck Curits, duck.

 

[Kings County]

when a millionaire walks into the house for a showing and sees bling/tricked out door knobs.......

"i'm not buying this shyt"

its not even that
its the maintenance of the house

 

[brickfare]

From 2009



Lmaoooooooo

closest i've seen william roberts come to breaking character, lolll

 

[MalikReloaded]

Wrong! Location IS NOT everything when it comes to real estate. People need to quit repeating these inaccurate, long standing industry slogans when there are other aspects & factors involved with buying & selling homes that are just as important.

Furthermore, even if 50 Dense had the same house in Greenwich, Ct, this still doesn't mean his property would have been sold, especially when real estate values have plummeted in Greenwich for high end homes for years, not to mention that most wealthy or ultra rich people would probably prefer to build their own home newly from scratch instead of investing additional money & time into renovating a "hood" rapper's home which may carry a negative stigma attached to it & also possibly lessen a wealthy owners status or future property value, whether perceived or real.


Trulia Real Estate Data for Greenwich

"The median sales price for homes in Greenwich CT for Sep 15 to Dec 15 was $940,000. This represents a decline of 36.3%, or $535,000, compared to the prior quarter and a decrease of 2.8% compared to the prior year. Sales prices have depreciated 43.9% over the last 5 years in Greenwich. The average listing price for Greenwich homes for sale on Trulia was $3,627,668 for the week ending Dec 09, which represents a decline of 3%, or $111,694, compared to the prior week and an increase of 2.2%, or $79,288, compared to the week ending Nov 18. Average price per square foot for Greenwich CT was $521, an increase of 10.6% compared to the same period last year."

Real Estate Market Trends for Greenwich, CT - Trulia


Connecticut Homes Biggest Losers as Wall Street Cuts: Mortgages
August 28, 2012 — 8:04 AM CDT

"Connecticut, for 25 years the state with the highest per capita income in the U.S., is now leading the nation in home-price declines as Wall Street trims jobs and bonuses that had driven multimillion-dollar property sales.

Prices in the Fairfield County area, home of the banker bedroom communities of Greenwich and New Canaan, tumbled 12.9 percent in the second quarter from a year earlier, the biggest decline of the 147 U.S. metropolitan areas measured by the National Association of Realtors."

Connecticut Homes Biggest Losers as Wall Street Cuts: MortgagesConnecticut Homes Biggest Losers as Wall Street Cuts: Mortgages

Home Sales Fall in Hedge Fund Rich Connecticut Town

"March 27, 2008 (Bloomberg) -- Home sales slumped this year in Greenwich, Connecticut, as North America's hedge-fund capital experiences the effects of the credit crisis that has slashed Wall Street payrolls and profits.

January and February home sales fell 29 percent to 75 houses in the town that's home to more than 100 hedge funds, property broker Prudential Connecticut Realty said yesterday. There were 106 sales in the year-earlier period for the town that's an hour's drive from Manhattan. The total value of properties sold dropped 18 percent to $215.1 million, according to the report."

Home Sales Fall in Hedge Fund Rich Connecticut Town (Update1) - Bloomberg


Greenwich's backcountry real estate market sees slump
Friday, October 17, 2014

"The backcountry market definitely has been challenging," said Julianne Ward, a real estate agent with Berkshire Hathaway HomeServices. "I find that showings are not as plentiful as they used to be, and buyers are just expecting a lot more when they go backcountry, because they have such a large amount of inventory to look at."

"If you really want to sell your house, you can in any market and at any time. You just have to be flexible with your buyers, because the buyers are the ones who are making the market, and if they don't like it at a particular price, they're not going to buy it. And until they like it, it's going to sit there," Ward said.

"It used to be there was an overabundance of buyers and not enough houses, and now it's the opposite," she said."

Greenwich's backcountry real estate market sees slump

Son....you are never going to convince anyone with half a brain cell that a house in Hartford is worth more than a house in Greenwich or even comparable in any means.

I'm not even gonna bother with you.

 

[MalikReloaded]

I remember watching a MTV Documentary on Fif and he used a Helicopter to commute from that house to NYC

If you have your own chopper I'd assume you'd get to the City much faster than driving there

When 50 brought the house he was probably beefing with a lot of nikkas still so buying a house 3 hours away made sense. Nikkas ain't driving 6 hours total to do a murder lol....he could've easily a brought a crib 10 minutes away from the city in Jersey but I'm willing to bet he wanted to coc00n himself as a preventive measure

 

[O.G.B]

Son....you are never going to convince anyone with half a brain cell that a house in

I'm not even gonna bother with you.

The problem with your narrative is that I never stated or made any comparisons anywhere within this thread in regards to 50 Cent's estate "that a house in Hartford is worth more than a house in Greenwich".

Location IS everything. If the house was in Greenwich, Connecticut, he would have sold it 5 years ago. It's like the Beverly Hills of Connecticut.

Greenwich, Connecticut - Wikipedia, the free encyclopedia

Instead the house is in Farmington, Connecticut, about 20 mins from Hartford, which is like 3 hours from New York City. That's like the Inland Empire of Connecticut. Nobody wants to live there or pay all the upkeep for a mansion that size in a city that boring.

Furthermore trying, (but failing) to move the goal posts isn't going to work because I already poked holes in most of your speculative comments above.

 

[ORDER_66]

 

[Propaganda]

even ignoring all the tacky bullshyt that people put into these properties...i've never understood these massive, sprawling mansions, even more so when it's a single person buying them. i just look at them from a practical standpoint...like what the fukk are you gonna do on your own with like 20,000 sq ft and 12 bedrooms and 15 bathrooms, plus all the acreage? just furnishing that shyt would cost a small fortune and for what? you ain't even using the vast majority of your own house. the maintenance and upkeep...all that cleaning and landscaping...

i mean, if you're that rich and you can afford a joint like that then so be it, good for you. but other than the grandiosity of it, i just don't get the point.

 

[ORDER_66]

even ignoring all the tacky bullshyt that people put into these properties...i've never understood these massive, sprawling mansions, even more so when it's a single person buying them. i just look at them from a practical standpoint...like what the fukk are you gonna do on your own with like 20,000 sq ft and 12 bedrooms and 15 bathrooms, plus all the acreage? just furnishing that shyt would cost a small fortune and for what? you ain't even using the vast majority of your own house. the maintenance and upkeep...all that cleaning and landscaping...

i mean, if you're that rich and you can afford a joint like that then so be it, good for you. but other than the grandiosity of it, i just don't get the point.

I never understood that shyt either i'd buy some shyt worth 250k and be content... nikkas spending millions on a house with like 18 bedrooms.

nikka it's just you, you dont need 18 bedrooms!!!

 

[mson]

High And Mighty: Mansion Rises Atop Avon Mountain

Lots of rich people/families have houses in Connecticut. Most have multiple houses elsewhere though ........ In general alot of people are and have been leaving the state for a while now though

Why are they leaving?