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Old 06-16-2011, 11:29 AM
 
Location: GLAMA
16,587 posts, read 20,297,407 times
Reputation: 16131

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Did the Spelling daughter grow up there? I wonder what stall I mean room was hers?
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Old 06-16-2011, 11:34 AM
 
Location: Los Angeles, CA
1,046 posts, read 659,985 times
Reputation: 690
Are you suggesting she looks like a horse?
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Old 06-16-2011, 11:36 AM
 
Location: GLAMA
16,587 posts, read 20,297,407 times
Reputation: 16131
Of course not. I'd like to see her monthly alfalfa bill though.
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Old 06-16-2011, 02:25 PM
Status: "It's 5 o'clock somewhere." (set 6 days ago)
 
Location: Mountain Ranch, CA The heart of Calaveras County
6,136 posts, read 11,474,055 times
Reputation: 4895
Quote:
Originally Posted by yeahthatguy View Post
The clown who bought this will be paying the following approximate property tax bill every year :
$1,875,000 .... one million eight hundred seventy-five thousand
Plus the one time real estate transfer tax of 1.5 Million
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Old 06-16-2011, 04:16 PM
 
Location: Los Angeles, CA
1,046 posts, read 659,985 times
Reputation: 690
Quote:
Originally Posted by Fontucky View Post
Of course not. I'd like to see her monthly alfalfa bill though.
And to think an expensive plastic surgeon had his hand in creating that Mr. Ed look........or perhaps it was Edward Scissorhands who butchered her.
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Old 06-16-2011, 04:19 PM
 
1,465 posts, read 2,790,993 times
Reputation: 792
Quote:
Originally Posted by DMenscha View Post
Plus the one time real estate transfer tax of 1.5 Million
The transfer tax in LA (as far as I know) is $5.60/$1,000
http://www.californiacityfinance.com...sfTaxRates.pdf

I would be very surprised if it sold for $150m, the rumor is $91m

At $91,000,000 the transfer tax is $509,600
At $150,000,000 the transfer tax is $840,000
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Old 06-16-2011, 04:50 PM
 
2,312 posts, read 1,633,691 times
Reputation: 1208
Quote:
Originally Posted by salparadise View Post
and to think an expensive plastic surgeon had his hand in creating that mr. Ed look........or perhaps it was edward scissorhands who butchered her.
lawlz !!:d
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Old 06-17-2011, 02:41 PM
 
Location: Living on the Coast in Oxnard CA
10,424 posts, read 13,807,479 times
Reputation: 12062
Lets say that she did pay the full $150mill to buy the home and lets say that she has to pay as others have suggested a tax bill of $1,875,000 a year, if she does infact have the $300mill minus the $150mill from the purchase price of the home. The interest on the $150mill should be $4,500,000 if she can get 3% on her money. I think she should be fine. But lets say that she spends the cash each year to live and doesn't make anything on her money. Lets also say that she spends $100,000 a month on living expenses after she pays for the home. She should be able to survive for the next 50 years before she blows her money. I am thinking that somewhere between now and the 50 year mark her 80 year old dad may have passed on leaving her half of his fortune. I bet she could get another couple hundred years out of that without making any interest on the money.

Like DowntownVentura I am thinking that she paid a lot less than the $150mill. If it was $91mill that wouldn't be out of line with homes of that status. This one is the largest one in the area. I am thinking she could sell the place when things improve and probably end up making a profit on the place or at least not losing any of her original investment.

Another point is that by buying the home she puts her name out there. She is a business woman even though she is only 22. This home makes a statement that she is here to get things done.
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