Color me skeptical. The net worth estimates for celebrities in general and singers in particular are usually WAY over estimated. There isn't the money in the record business the way there used to be. Streaming, downloads, even album sales, are not big earners, which is why most named acts are constantly touring. Two dozen apartment buildings, if we're talking actual apartment complexes and not small condos, would be worth in the hundreds of millions, bullshit.
@Vessimede - where I live now, it's all apartment complexes, but where I used to live, there weren't any complexes, just individual apartment buildings, so I can see how this is feasible.
They are squeezing apartment buildings into every available square inch close to downtown around here. Some are enormous, cheap, ugly complexes (that blight the landscape) and owned by consortium of investors (for the tax credits on rental properties mainly, thus the shit construction.) BUT there are plenty of smaller buildings going up with only one or two owners, which are more the lux variety or simply individual with one of a kind features.
Oh hell yes I could see a smart celebrity buying into those. Every millennial in the city wants to live in more distinctive places (which can often be rehabs with original features) rather than the beige Soviet style prefab monsters. And in 10-20 years, when those buildings lose their tax credits and go condo, who is going to have the more desirable places of greater value?
Yeah in my city they've been building huge numbers of apartment buildings as a magnet for hot Chinese money. They're ugly, poorly constructed and will have to be demolished and replaced in a couple of decades, but there's a market. Anyway let's assume Ent means Miley, or whoever, has bought into an investment consortium that owns a couple dozen building, I think that'd make way more sense. Twerking on Robin Thicke's cock at the VMA's that time made her A+ for a while, but it didn't turn her into a billionaire.
Very possible... but two other areas that may reek massive damage as it blows up is: 1) Medical industry and its scams 2) Higher Education and its scams
you guys realize that apartment buildings are not all 3 block complexes? Just a quick look, I find a 12 unit apartment building for sale in Bev Hills for 6.8 mil looking around in her home state, you can get amazing deals for apartment buildings, all for under 9-10 mil, add the income, her net worth of over 200 Mil and it is hardly a far fetch that Miley may own a few with an investment less than say, 50 Mil..smh,
The millennials seem to only want a fridge, a microwave, a shower, a table and some place to crash after gaming all day. So that is what the Chinese and Houston consortiums are giving them...and charging them handsomely for it.
You can find amazing deals on old rentals with architectural appeal. Find a good contractor, and you've got a gold mine to rent until the selling point reaches your goal.
Nashville has some disused areas full of these types of buildings which I bet one can snap up for less than 200K.
I also think that millennials want to only live in certain spots around city hubs, which I think is great.
In our area, builders have tried to make affordable condos specifically for millennials and they just are not interested in owning. Those builders had to turn almost everything into rentals. Hell, I had a world to explore and didn't own either for a long assed time.
Living most of their lives online has had an effect on them. Sure, the Boomers stole everything to insure their place as the most special generation that ever lived on planet Earth, and shut the door after them. But I think millennials are creating a new society, party manufactured for them and partly something all their own where older ideas of what it means to be social or established or adventurous or comfortable no longer apply.
Miley?
ReplyDeleteWow, whoever this is, smart chick! This is how you stay rich long after your music career fades.
ReplyDeleteMiley is definitely in the real estate game but I haven't seen anything about apartment buildings yet.
ReplyDeleteThey probably in Montana😜🤗,right?!
DeleteLooks like she uses her Sunshine Girl Trust for real estate.
ReplyDeleteNow. Just make sure you have a good prenup if you ever marry Liam. (Or whoever.)
ReplyDeleteColor me skeptical. The net worth estimates for celebrities in general and singers in particular are usually WAY over estimated. There isn't the money in the record business the way there used to be. Streaming, downloads, even album sales, are not big earners, which is why most named acts are constantly touring. Two dozen apartment buildings, if we're talking actual apartment complexes and not small condos, would be worth in the hundreds of millions, bullshit.
ReplyDeleteAn apartment building is anything with 5 or more units. It doesn't neccessary mean a massive Apartment Complex of 100's of units
Delete@Vessimede - where I live now, it's all apartment complexes, but where I used to live, there weren't any complexes, just individual apartment buildings, so I can see how this is feasible.
ReplyDeleteThey are squeezing apartment buildings into every available square inch close to downtown around here. Some are enormous, cheap, ugly complexes (that blight the landscape) and owned by consortium of investors (for the tax credits on rental properties mainly, thus the shit construction.) BUT there are plenty of smaller buildings going up with only one or two owners, which are more the lux variety or simply individual with one of a kind features.
ReplyDeleteOh hell yes I could see a smart celebrity buying into those. Every millennial in the city wants to live in more distinctive places (which can often be rehabs with original features) rather than the beige Soviet style prefab monsters. And in 10-20 years, when those buildings lose their tax credits and go condo, who is going to have the more desirable places of greater value?
@Tricia, there is a Hannah Montana property management company in Montana, no relation to the singer though ;)
ReplyDeleteHahahah!!!
DeleteYeah in my city they've been building huge numbers of apartment buildings as a magnet for hot Chinese money. They're ugly, poorly constructed and will have to be demolished and replaced in a couple of decades, but there's a market. Anyway let's assume Ent means Miley, or whoever, has bought into an investment consortium that owns a couple dozen building, I think that'd make way more sense. Twerking on Robin Thicke's cock at the VMA's that time made her A+ for a while, but it didn't turn her into a billionaire.
ReplyDeleteIt would be funny if the lack of affordable housing was what finally cracked the country. The next Occupy movement will be squatters.
ReplyDeleteVery possible... but two other areas that may reek massive damage as it blows up is:
Delete1) Medical industry and its scams
2) Higher Education and its scams
If they are in a property hot spot like nashville as well, smart girl.
ReplyDeleteyou guys realize that apartment buildings are not all 3 block complexes? Just a quick look, I find a 12 unit apartment building for sale in Bev Hills for 6.8 mil looking around in her home state, you can get amazing deals for apartment buildings, all for under 9-10 mil, add the income, her net worth of over 200 Mil and it is hardly a far fetch that Miley may own a few with an investment less than say, 50 Mil..smh,
ReplyDeleteThe millennials seem to only want a fridge, a microwave, a shower, a table and some place to crash after gaming all day. So that is what the Chinese and Houston consortiums are giving them...and charging them handsomely for it.
ReplyDeleteMiley is A-/B+? eek... Younger now didnt do her any good it seems
ReplyDelete@Truthseeker
ReplyDelete+1
You can find amazing deals on old rentals with architectural appeal. Find a good contractor, and you've got a gold mine to rent until the selling point reaches your goal.
Nashville has some disused areas full of these types of buildings which I bet one can snap up for less than 200K.
Miley aint A-/B+. I'll go with Grande.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteJust to 've different Vanessa Hudgens
ReplyDelete@plot, millennials want larger places, but that's all they can afford.
ReplyDelete@Brayson
ReplyDeleteI also think that millennials want to only live in certain spots around city hubs, which I think is great.
In our area, builders have tried to make affordable condos specifically for millennials and they just are not interested in owning. Those builders had to turn almost everything into rentals. Hell, I had a world to explore and didn't own either for a long assed time.
Living most of their lives online has had an effect on them. Sure, the Boomers stole everything to insure their place as the most special generation that ever lived on planet Earth, and shut the door after them. But I think millennials are creating a new society, party manufactured for them and partly something all their own where older ideas of what it means to be social or established or adventurous or comfortable no longer apply.
As long as she isn't a slum lord (who ever this is), good for her.
ReplyDelete98% of landlords are evil and are going to hell.
ReplyDelete...as are 98% of tenants, unfortunately
ReplyDelete