Ben Simmons Might Be “Broke” And Forced To Return To Sixers Due To Financial Issues

[firemanBk]

Crazy….I saw dude last month on Washington Avenue in Prospect Heights leaving a corner store. shyt threw me off. I expected him to look disabled and shyt.

He was probably on his way to film an offseason workout video where he's launching 3's

 

[Womb Raider]

imagine going broke because you too p*ssy to dunk on Trae Young

 

[Paper Boi]

true too @Womb Raider

shyt even a layup

 

[lib123]

It sold for $12M. He bought it for almost $18M in 2021.

 

[FaTaL]

It sold for $12M. He bought it for almost $18M in 2021.

Better off renting it until things get better

 

[lib123]

Better off renting it until things get better

Yeah unless he needs the money. That's a big loss.

 

[Serious]

Yeah unless he needs the money. That's a big loss.

Tax write off. I’m assuming. @No1

 

[Alvin]

It sold for $12M. He bought it for almost $18M in 2021.

in this housing market?! why so low?

 

[TDUBB]

Housing market must suck right now.

 

[FaTaL]

in this housing market?! why so low?

also in cali

i wonder if that half sister of hers is robbing him?

 

[Alvin]

They probably got a yard though and peace and quiet. Here you right across the streets from the projects

Hacienda, PJ, Jordan Downs or Nickerson Gardens?

 

[Piff Perkins]

It sold for $12M. He bought it for almost $18M in 2021.

Yikes. And the new Cali mansion tax makes this an even worse deal for him. 5.5% sales tax on top of the other fees involved in Cali real estate. This is a bad move and seems desperate. Sure keeping a house you can't afford isn't smart but there has to be a better option. I'd rather pour more money into the house in hopes of raising the asking price than sell for 12mil unless I absolutely had to financially.

 

[lib123]

in this housing market?! why so low?

The market for houses that expensive is very volatile, especially given the sharp spike in interest rates since he bought it in 2021.

 

[lib123]

Yikes. And the new Cali mansion tax makes this an even worse deal for him. 5.5% sales tax on top of the other fees involved in Cali real estate. This is a bad move and seems desperate. Sure keeping a house you can't afford isn't smart but there has to be a better option. I'd rather pour more money into the house in hopes of raising the asking price than sell for 12mil unless I absolutely had to financially.

Yeah and given he bought it during record low interest rates in 2021, that makes his willingness to sell at that steep of a loss more surprising.

 

[kevin arnold]

Hacienda, PJ, Jordan Downs or Nickerson Gardens?

That’s 109th. Nickerson is like right there. But watts isn’t big at all. Jordan Downs and Imperial is like 5-6 blocks away to the east and south