After Taking a Brutal Loss on his Miami Mansion, Shaq Should Rent in Cleveland

NBA TheBigLead June 29th. 2009, 4:45pm

$shaq\'s house$ The real estate mess, as viewed through the prism of Shaq’s house porn: Bought this ostentatious 7-bedroom, 9-bath palace in 2004 for $18 million; sold it last week for $16 million. For the non-math majors: five years of ownership, $2 million loss. Drool-worthy photos after the jump: $it\'s floating$

Report: Shaq’s House Sold With $19 Million Discount (Miami New Times)

15 Responses to “After Taking a Brutal Loss on his Miami Mansion, Shaq Should Rent in Cleveland”

1
GodsoftheGridiron Says:
June 29th, 2009 at 4:49 PM
I wish I was 7-1 and 330.
2
saprissa Says:
June 29th, 2009 at 4:59 PM
Brutal? @TBL – do you really think Shaq is losing any sleep over a $2M real estate loss?
3
Sir Spicious Says:
June 29th, 2009 at 4:59 PM
considering that he can use that loss to offset income, he may not do too poorly on the sale.
4
clown Says:
June 29th, 2009 at 5:01 PM
Shaq can use that $16 million to buy one of their two buildings.
5
sponge-worthy Says:
June 29th, 2009 at 5:01 PM
I wish I was 7-1 and 330.
I’d like to see him run around on the tennis court.
6
spencer096 Says:
June 29th, 2009 at 5:05 PM
Shaq can use that $16 million to buy one of their two buildings.
+1
then again, we do have homes for the price of a VCR. he could buy like 8 million of those.
7
younglefty Says:
June 29th, 2009 at 5:05 PM
That $2 million would have paid for a ton of calls from a payphone though.
8
sponge-worthy Says:
June 29th, 2009 at 5:05 PM
Adande just used Intern Andy’s low-seed high-seed tourney metaphor for the US-Brazil game.
9
jpq1999 Says:
June 29th, 2009 at 5:13 PM
Shaq started out asking $35 million, and A-Rod offered like $25-$27 million two years ago, so, when you look at it that way, the $2 million hurts.
Then I remember that MY house has dropped 35% in value over the same time down here, so fuck him
10
mrejr8234 Says:
June 29th, 2009 at 5:16 PM
you know how much food made by the road $2 million could buy? all of it.
11
The Ruckmaker Says:
June 29th, 2009 at 5:23 PM
I would guess that if he rented a house like that for 5 years, it’d cost a hell of a lot more than $2 million.
12
The Ruckmaker Says:
June 29th, 2009 at 5:24 PM
Why the hell do people keep selling their houses in this market if they don’t need the cash? It makes no sense.
13
kodijack Says:
June 29th, 2009 at 7:32 PM
considering that he can use that loss to offset income, he may not do too poorly on the sale.
No, he can’t. Losing money on selling your home is not an offset against income.
14
jaywashere Says:
June 29th, 2009 at 7:42 PM
Only if you have a very crappy accountant.
15
scripty Says:
June 30th, 2009 at 8:50 AM
Duh-Wayne Wade needs a new hook-up house. Shaq should lob him a call.