Rick Ross' 44k Square foot 5.8m mansion has lost -53% of it's value since he bought it

[Darealtwo1]

Do y'all think ross made a mistake buying this house

8 years since he brought it and it's gone down -53%

 

[mcellas]

 

[Charlie Hustle]

Who apprised it

 

[Doobie Doo]

He makes money off it for movies but I don't know how much

 

[MikelArteta]

Some people buy a house just to live in and not sell

 

[CashmereThoughts]

Some people buy a house just to live in and not sell

nobody spends 6M on real estate expecting it to depreciate.

 

[Collateral]

17 bathrooms he can shyt all day

 

[Sad Bunny]

Not if he doesn’t plan to sell it.

 

[Ziggiy]

He rents it out for movies plus I don’t think he’s planning to sell it.


I’ve driven by the estate before. Its a LOT of land. Beautiful property. He’ll be fine

 

[Cadillac]

I ain't no grammar nazi(cause I slip up esp on my phone)

But why you keep saying "Brought" instead of "bought"

 

[Silver Surfer]

Never a good look when you lose money on real-estate.....with that being said....my home is double what I paid for it 7 years ago.....

 

[MJ Truth]

I mean, he uses it to make money too.

And the “value” of your house only matters at the point when you’re trying to sell it. If you’re just living in it you’re good.

 

[Prince.Skeletor]

My house more than doubled since 10yrs

 

[Squirrel from Meteor Man]

Probably has made a nice chunk of change renting it out for movies. He hasn’t lost money on it that’s for sure.

 

[Darealtwo1]

Who apprised it

Holifield owed 14m when the Banks snatched it and went into foreclosure

Banks listed it at 8.5m and kept dropping till Ross snagged it at 5.8m 11 months later


This is all public record on Redfin


Redfin appraised it

What reason would they have to lie