Most Expensive House in US being built in Montana

[Billy Clyde Puckett]

http://news.yahoo.com/s/nm/20070125/us_nm/life_home_dc_2

Any Buyers here?

NEW YORK, Jan 25 (Reuters Life!) - If you're looking for a new home and have $155 million to spare, you could be the proud owner of the world's most expensive abodes.

Forbes.com, the online site of Forbes magazine, on Thursday said timber and real estate baron Tim Blixseth has just upped the ante in the price of the world's most expensive home, planning to build and sell a home for $155 million.

The 53,000-square-foot stone and wood mansion will be built at the Yellowstone Club, a members-only, residential ski and golf resort near Bozeman, Montana developed by Blixseth.

That tops the $139 million asking price for Updown Court in Windlesham, England, which was listed No. 1 in the Forbes.com list of the world's most expensive homes in 2006.

It also exceeds the $125 million that U.S. media mogul and reality TV star Donald Trump is asking for the renovated estate he owns in Palm Beach, Florida.

Blixseth, who ranks No. 322 in the 2006 Forbes 400 list with a $1.2 billion fortune, said he had already received interest in the home.

"Some of (the world's richest) just have to have the best. Price is not an issue," he told Forbes.com.

The 10-bedroom mansion will sit on 160 acres and will come with a private gondola-like chairlift that will carry residents to the Yellowstone Club's private ski slopes, an indoor/outdoor swimming pool, and a home movie theater, and it is fully furnished

[Sassy]

If I had 155 mil...I sure wouldn't be using all of it to buy a house! What the heck does a person need 53,000 square feet for???

[smalltowngrll]

53 thousand square feet?? OUCH! I'd hate to clean that thing! Not to mention, I'd get lost in there. No thanks. I'll stick with my itty bitty home!

[Elway 4 Life]

Hell with cleaning it, imagine heating it. How would you like to look at a $5000.00 a month electric bill. No thanks.

[Sassy]

Cleaning...dang, if you can afford that...you can afford 4 housekeepers, a gardener, etc.

[Bronx33]

What a pointless waste of time....



PS:Really rich people suck

[smalltowngrll]

I just think I could find more things to do with 155 mil than put it all into a house! No thanks! I'd be traveling, giving to charities...those types of things. And, I'd be living in Bozeman! ;)

[Sassy]

Wonder what celebrity is going to buy it.

[Sassy]

I just think I could find more things to do with 155 mil than put it all into a house! No thanks! I'd be traveling, giving to charities...those types of things. And, I'd be living in Bozeman! ;)

ROFL! It's all about location! ;) :~ohyah!:

[hades]

screw that! a $10,000,000.00 loan for 30 years at %6.00 is 59955.05 per month! Without any escrow amount added.

Edit: found a loan calc. that will let me put in $155000000

923575.80 - per month! with nothing down of course.

[24champ]

I wonder if the owner of the house will have dogs?Can you imagine if a dog was roaming around in that house and took a crap? How you going to know? The house is so big you probably won't come across it for a couple weeks.Hilarious!

[Taco John]

Garbage day around that place has got to suck!

[-Slap-]

Seems like a waste, unless you're really into skiing.

It would be much cooler to have a dozen $13 million mansions dotted across the globe.

[worm]

The recent Powerball sole megajackpot winner couldn't even buy this house.

[DomCasual]

I don't get out of bed in the morning for less than $10 million. It would take me over two weeks salary to buy this house!

[baja]

The guy has $1,200,000,000 and he barely made the top 400 list.

[Bronx33]

This kinda stuff just makes me puke..

[baja]

Where is all the money coming from?

things like this;

Them that has, gits.

Barron's cover story this week - "Rich Man, Poor Man" - illustrates our
theme.

The top 1% of the United States now has 190 times the wealth of the median
American. This ratio has shot up from 131-to-1 in 1983. The core reason is
the 'new inflation' over the last 20 years that has gone into financial
assets, not into consumer prices. The easy money makes it possible for a
group of investors to buy a business they don't really understand, with
money they don't really have, at a price that is probably more than it is
really worth.

The Feds, in their infinite wisdom, no longer report the number for M3,
the U.S. money supply. Adrian van Eck, however, guesses that it is
increasing at about a 10% rate. He figures that $1 trillion of additional
'money' will be put into the financial system in 2007 alone.

This is also why the people who control access to money - the people who
run financial firms - are making so much of it. Goldman Sachs, for
example, has never been more profitable.

That is also why the hottest game in the big casino is private equity.

We give you a personal example. An old friend of ours just announced that
he sold his business, which he had started from his home about 35 years
ago with almost no financial backing - a genuine American entrepreneurial
success.

Now in his 60s, what was our friend to do? He might have run it for
another 10 years or so himself... he might have passed it on to his
family. Instead, he sold out - for $140 million.

To whom did he sell? Someone in the same business? Another entrepreneur?

Nope. He sold to a group of investors, who, as near as we can tell, have
little actual experience in his industry.

This, dear reader, is how the financial world works now. Our friend was a
rich man before he sold. Now he is very rich...and his business has become
"financialized." Now it is a financial asset, ready to be sliced, diced,
repackaged, loaded up with debt, leveraged, derivatized, securitized and
traded in the public markets as though it were a Jackson Pollock painting
at an auction for blind people.

Let's imagine that the company made $10 million last year. But, now - when
the IPO comes out - it will probably reach a market capitalization of over
$200 million. Dow stocks are trading at an average PE of 21; even at $200
million, the stock would be a bargain. The CEO and top executives would
have stock options. And the venture capitalists...and the investment
bankers and Wall Street strategists and financiers...would all get a
piece.

And where did the investment group get the money to buy the firm? They
probably borrowed it, so there was money made there...and made again when
it was refinanced...and then again, when the refinanced debt was packaged
into derivatives...against which swaps were bought and sold.

The whole thing makes our poor head spin. Upon this one company...this one
stream of income...a whole industry of money shufflers can go to work.

[OrangeShadow]

If i had that much money id do something a hell of a lot better than build a 150 million dollar home

[Bronco_Beerslug]

Seems a tad bit large. I'm just waiting on them to finish my house in Winter Park.






http://tinyurl.com/2kk3fk

http://tinyurl.com/35cdb4

[Sassy]

Is that yours? Very nice!

[watermock]

http://web.hgtv.com/webhgtv/dh07_sweeps/images/dh07_m_7d.jpg

C'mon Slug...your pad looks like this

[snowspot66]

Man...Bozeman is a college town. There's hardly a damn thing I can imagine a rich person would want to do in Bozeman other than ski. It's a nice ski resort but it's hardly anything compared to some of the stuff in Colorado. Biggest waist of money by an individual I can think of right there.

I hope the college kids torment the hell out of whoever buys it.

[Kaylore]

53 thousand square feet?? OUCH! I'd hate to clean that thing! Not to mention, I'd get lost in there. No thanks. I'll stick with my itty bitty home!

No you wouldn't. If you had the cash to build that you'd have an army of servant-folk to take care of that. Shoot, even if you did, you could just sell it, buy a normal house, and still have a bunch of servant-folk doing what you wanted for the rest of your life.

[Jetmeck]

This kinda stuff just makes me puke..


Yep, somebody slap the guy....PPlleease !

[Dedhed]

Wonder what celebrity is going to buy it.

It won't be a celebrity. It will be some loser who thinks that having the most expensive home in the world will make him a celebrity.

[SPORTSWRITER]

Seems like a waste, unless you're really into skiing.

It would be much cooler to have a dozen $13 million mansions dotted across the globe.

NO SHEEET!

[69bronco]

They must be doing some crazy stuff in there to make it worth that much.

I'm not an appraisal expert but the price per square foot on that house is insane, at about $2,580 per square foot.

[DBroncos4life]

should I go burn it down?

[crazyhorse]

53 thousand square feet?? OUCH! I'd hate to clean that thing! Not to mention, I'd get lost in there. No thanks. I'll stick with my itty bitty home!

Something tells me that if you can afford the house, you'll probably only have to clean it if you want to. The person that owns it will do less cleaning in that house than you will do in yours.

[baja]

Something tells me that if you can afford the house, you'll probably only have to clean it if you want to. The person that owns it will do less cleaning in that house than you will do in yours.

That's one of the features of this house, it's self cleaning.

[-Slap-]

My security squad would be comprised entirely of former black ops personnel and Great Pyrenees, maybe a couple trained Mandrills for shock value. Wander onto the grounds uninvited and kiss this plane existence goodbye.

[crazyhorse]

My security squad would be comprised entirely of former black ops personnel and Great Pyrenees, maybe a couple trained Mandrills for shock value. Wander onto the grounds uninvited and kiss this plane existence goodbye.

They would simply declare you your own worst enemy, then execute you.

[Spider]

Heat that damn place would be a cool grand a month .......... on the + side , you can really hide from the wife ;D

[cutthemdown]

Man...Bozeman is a college town. There's hardly a damn thing I can imagine a rich person would want to do in Bozeman other than ski. It's a nice ski resort but it's hardly anything compared to some of the stuff in Colorado. Biggest waist of money by an individual I can think of right there.

I hope the college kids torment the hell out of whoever buys it.

Why would you hope that? You must be a jealous hater.

[55CrushEm]

PS:Really rich people suck

Stupid......rich people employ people like us.

[Spider]

Stupid......rich people employ people like us.

to make a profit ......... as soon as you cant produce , out the door you go ........

[Billy Clyde Puckett]

Spider - you should buy it and have more kids to fill it up. ;D

[Spider]

Spider - you should buy it and have more kids to fill it up. ;D

LOL no way , I cant keep track of 6 in a small house ;D

[Spider]

besides with the low population of Wyoming , I have a voting block here ;D

[Bronco_Beerslug]

http://web.hgtv.com/webhgtv/dh07_sweeps/images/dh07_m_7d.jpg

C'mon Slug...your pad looks like this :) I'd take it if I won it. I think those things sell for over $1,000.

Is that yours? Very nice!
Nah, it's this year's yearly HGTV house (http://www.hgtv.com/hgtv/dream_home_tour_2007/text/0,,HGTV_28177_55278,00.html) they give away. I'm not sure I could afford the taxes on it :(

[55CrushEm]

to make a profit ......... as soon as you cant produce , out the door you go ........

And why are profits bad ?!? Profits get re-invested into the company so that the company can expand and employ MORE people.

If companies weren't allowed to make a profit.....then they wouldn't GROW.

[Spider]

And why are profits bad ?!? Profits get re-invested into the company so that the company can expand and employ MORE people.

If companies weren't allowed to make a profit.....then they wouldn't GROW.

didnt say Profits were bad , Just showing you that yeah they hire us , they shít can us also .............No need to read more into what I put , I got enough of that with W*GS

[55CrushEm]

didnt say Profits were bad , Just showing you that yeah they hire us , they shít can us also .............No need to read more into what I put , I got enough of that with W*GS

LOL ......don't mean to bust your stones.....but,

Hey, people SHOULD be let go when they can't produce......why should you get paid the same, when you can't do the job anymore?

Businesses aren't charities.......

[Spider]

LOL ......don't mean to bust your stones.....but,

Hey, people SHOULD be let go when they can't produce......why should you get paid the same, when you can't do the job anymore?

Businesses aren't charities.......

so then lets turn the tables and ask why shouldnt an employee get all he can with a union ? after all employees dont work for free

[Bronx33]

And the other end of the spectrum.....

http://www.aolcdn.com/ch_realestate/tinyapt77b

Tiny London Apartment on Sale for $335K

LONDON - Location, location, location. Almost anywhere else, the tiny dilapidated studio wouldn't attract much more than mice. But this is London and the 77-square-foot former storage room — slightly bigger than a prison cell and without electricity — is going for $335,000.

Same Price Range?

$300,000 gets you a tiny 77-square-foot apartment in London.

The closet-sized space in the exclusive Knightsbridge neighborhood may be only "about the size of a ship's galley, said real estate agent Andrew Scott, who's handling the sale. "But it's permanently anchored to one of the wealthiest neighborhoods in the world."

At more than $4,340 a square foot, the mortgage buys a spot within walking distance of tony stores like Harrods and London's iconic Hyde Park. Originally conceived as a maid's room, the apartment at 18 Cadogan Place hasn't been used for years and is littered with trash bags and crumbling paint.



A coffin-sized shower is en suite, and storage is provided by a shallow closet and 10-inch-deep shelves cut into the wall. Two hot plates and a small sink make up the kitchen. Two dirty windows allow light to filter into the basement room, and the fire escape could conceivably double as a shared patio.

With no electricity or heating, Scott said it would cost an additional $59,000 to make the room habitable.

"It is an investment," he said, as he stretched his arms the width of the room, laying his palms flat on opposite sides of the wall.

The sale of this dark, mildewy room illustrates the astronomical rise in property values across London, which in the past year has seen average residential property prices increase 22.4 percent, to about $703,000, according to figures released Monday by Rightmove, which tracks the British property market.

Prices in London's most desirable neighborhoods have grown even faster, with average house prices in the borough of Kensington and Chelsea — where Cadogan Place is located — rising 61.8 percent over the past year to a jaw-dropping $2.2 million.

Ultra high-end property prices in London are the most expensive in the world, with some recent sales hitting $5,900 per square foot — making the Cadogan Place studio a bargain by comparison, according to research published last year by CB Richard Ellis Group Inc.

Similar properties in New York can go for about $5,300 per square foot, while those in Hong Kong sell at around $3,950 per square foot.

Scott said he already had three offers on the property, which might go to auction. Size, he added, is in the "eye of the beholder."

"If you thought of this as the cabin on a boat, you'd say, 'It's pretty spacious,' " Scott said.

[snowspot66]

Why would you hope that? You must be a jealous hater.

Cause I'm from that area. It's a total waste of space and and probably a bit of an eyesore.

[TomServo]

coincidently, i just watched "curse of the lottery" on E tonight. E? damn i was bored. i just saw some guy who bought a mansion in fla. blew all his $$ and couldnt come up with the 8000$ home owners contract payment so they foreclosed on his house. i actually saw the same guy on tv w/times were still good. the dumbass was buying $200,000 statues.

[cutthemdown]

to make a profit ......... as soon as you cant produce , out the door you go ........

Which is how it should be

[cutthemdown]

Cause I'm from that area. It's a total waste of space and and probably a bit of an eyesore.

Montana has plenty of space.

[Atlas]

If I had 155 mil...I sure wouldn't be using all of it to buy a house! What the heck does a person need 53,000 square feet for???

OK but what if you had $2 billion!!! You might just buy that $155 million house.

[TomServo]

some people like michael jackson forget they are "only" multi millionaires.
im sure w/pple like this w/they die they can explain spending millions on housekeepers, cooks, groundskeepers, etc. im sure they will tell st. peter: i spent millions on charity! and im sure st. peter will ask? $250.000 on giraffe feed?

[maven]

And the other end of the spectrum.....

http://www.aolcdn.com/ch_realestate/tinyapt77b

Tiny London Apartment on Sale for $335K

LONDON - Location, location, location. Almost anywhere else, the tiny dilapidated studio wouldn't attract much more than mice. But this is London and the 77-square-foot former storage room — slightly bigger than a prison cell and without electricity — is going for $335,000.

Same Price Range?

$300,000 gets you a tiny 77-square-foot apartment in London.

The closet-sized space in the exclusive Knightsbridge neighborhood may be only "about the size of a ship's galley, said real estate agent Andrew Scott, who's handling the sale. "But it's permanently anchored to one of the wealthiest neighborhoods in the world."

At more than $4,340 a square foot, the mortgage buys a spot within walking distance of tony stores like Harrods and London's iconic Hyde Park. Originally conceived as a maid's room, the apartment at 18 Cadogan Place hasn't been used for years and is littered with trash bags and crumbling paint.



A coffin-sized shower is en suite, and storage is provided by a shallow closet and 10-inch-deep shelves cut into the wall. Two hot plates and a small sink make up the kitchen. Two dirty windows allow light to filter into the basement room, and the fire escape could conceivably double as a shared patio.

With no electricity or heating, Scott said it would cost an additional $59,000 to make the room habitable.

"It is an investment," he said, as he stretched his arms the width of the room, laying his palms flat on opposite sides of the wall.

The sale of this dark, mildewy room illustrates the astronomical rise in property values across London, which in the past year has seen average residential property prices increase 22.4 percent, to about $703,000, according to figures released Monday by Rightmove, which tracks the British property market.

Prices in London's most desirable neighborhoods have grown even faster, with average house prices in the borough of Kensington and Chelsea — where Cadogan Place is located — rising 61.8 percent over the past year to a jaw-dropping $2.2 million.

Ultra high-end property prices in London are the most expensive in the world, with some recent sales hitting $5,900 per square foot — making the Cadogan Place studio a bargain by comparison, according to research published last year by CB Richard Ellis Group Inc.

Similar properties in New York can go for about $5,300 per square foot, while those in Hong Kong sell at around $3,950 per square foot.

Scott said he already had three offers on the property, which might go to auction. Size, he added, is in the "eye of the beholder."

"If you thought of this as the cabin on a boat, you'd say, 'It's pretty spacious,' " Scott said.

This is a bit much. Though a 450 SQ apartment in Paris will go for over $325K Euros. For an investor, now is not the time to invest in real estate in Europe. If wanting a property in Europe, wait for the pound/euro to come down. Mortgates in Paris are being offered at 50 years.

[maven]

http://news.yahoo.com/s/nm/20070125/us_nm/life_home_dc_2

Any Buyers here?

NEW YORK, Jan 25 (Reuters Life!) - If you're looking for a new home and have $155 million to spare, you could be the proud owner of the world's most expensive abodes.

Forbes.com, the online site of Forbes magazine, on Thursday said timber and real estate baron Tim Blixseth has just upped the ante in the price of the world's most expensive home, planning to build and sell a home for $155 million.

The 53,000-square-foot stone and wood mansion will be built at the Yellowstone Club, a members-only, residential ski and golf resort near Bozeman, Montana developed by Blixseth.

That tops the $139 million asking price for Updown Court in Windlesham, England, which was listed No. 1 in the Forbes.com list of the world's most expensive homes in 2006.

It also exceeds the $125 million that U.S. media mogul and reality TV star Donald Trump is asking for the renovated estate he owns in Palm Beach, Florida.

Blixseth, who ranks No. 322 in the 2006 Forbes 400 list with a $1.2 billion fortune, said he had already received interest in the home.

"Some of (the world's richest) just have to have the best. Price is not an issue," he told Forbes.com.

The 10-bedroom mansion will sit on 160 acres and will come with a private gondola-like chairlift that will carry residents to the Yellowstone Club's private ski slopes, an indoor/outdoor swimming pool, and a home movie theater, and it is fully furnished

This is old news and was recorded a few months back.

[Spider]

Which is how it should be

Same question to you then .........................so then lets turn the tables and ask why shouldnt an employee get all he can with a union ? after all employees dont work for free

[BRNCOS1]

Same question to you then .........................so then lets turn the tables and ask why shouldnt an employee get all he can with a union ? after all employees dont work for free

Yeah, what he said!

Let's just keep paying all the CEO's billions of dollars a year and don't pay the employees anything, because some moron in a third world country is glad to do the job for pennies a day.

The people in this country are only going to put up with this for so long before they organize. Then you tea and crumpet eaters better be using your millions for security!

[cutthemdown]

Same question to you then .........................so then lets turn the tables and ask why shouldnt an employee get all he can with a union ? after all employees dont work for free

All employees and workers should try and get as much as they can. If being in a trade union is the way to do that then I say so be it. It's all about maximizing your earnings. I see your point though that big corporations will often turn their backs on a loyal employee if profit can be increased. Just the way it is. but it really can't be any other way and work in America. By the way my one non-union electrician buddy makes way more per hour then the non union person I know that does same job. The non-union one however makes up with it by working more of the year because those union guys seem to get laid off and have a week or so in between jobs a lot.

[cutthemdown]

Yeah, what he said!

Let's just keep paying all the CEO's billions of dollars a year and don't pay the employees anything, because some moron in a third world country is glad to do the job for pennies a day.

The people in this country are only going to put up with this for so long before they organize. Then you tea and crumpet eaters better be using your millions for security!

what are you a communist? socialist? sounds like you want to unite the workers and march on the rich people. Go study lenin and buy a pitchfork. Workers unite!!!!!!!!!. UMMMMMMMM NO!!!!!! this is America and we are proud of our rich people and all want to become one. Thats the American Dream!!! The American dream is not to all unite as one and force Govt to pay us all the same.

[Spider]

All employees and workers should try and get as much as they can. If being in a trade union is the way to do that then I say so be it. It's all about maximizing your earnings. I see your point though that big corporations will often turn their backs on a loyal employee if profit can be increased. Just the way it is. but it really can't be any other way and work in America. By the way my one non-union electrician buddy makes way more per hour then the non union person I know that does same job. The non-union one however makes up with it by working more of the year because those union guys seem to get laid off and have a week or so in between jobs a lot.

fair enough .........

[cutthemdown]

fair enough .........

I see your point though I do. It sucks when someone thinks a company is loyal to him and they arent. He gives it all of his time. He's a good employee and he needs the job. He works hard etc etc etc and still the company outsources his job for cheaper. I do hate it but I'm not sure capitalism can be any other way.

[Spider]

I see your point though I do. It sucks when someone thinks a company is loyal to him. He gives it all of his time. He's a good employee and he needs the job. He works hard etc etc etc and still the company outsources his job for cheaper. I do hate it but I'm not sure capitalism can be any other way.
I dont think so either , thats why I say get All you can , I am lucky though , I work for my Brother , though he claims I am a full partner , but that is family , not alot of guys have the same situation ......... Besides if he fires me , mom gets pissed ;D

[cutthemdown]

I dont think so either , thats why I say get All you can , I am lucky though , I work for my Brother , though he claims I am a full partner , but that is family , not alot of guys have the same situation ......... Besides if he fires me , mom gets pissed ;D

Another reason to love your mom!!!!!!! Like we need anymore!!!!!!! Lets morph this thread into how much we love our moms!!!!!!

[Spider]

Another reason to love your mom!!!!!!! Like we need anymore!!!!!!! Lets morph this thread into how much we love our moms!!!!!!

LOL .........

[BRNCOS1]

what are you a communist? socialist? sounds like you want to unite the workers and march on the rich people. Go study lenin and buy a pitchfork. Workers unite!!!!!!!!!. UMMMMMMMM NO!!!!!! this is America and we are proud of our rich people and all want to become one. Thats the American Dream!!! The American dream is not to all unite as one and force Govt to pay us all the same.

There are only so many positions at the top. Somebody has to make the product. Are you suggesting manufacturing,service,etc..., jobs should be below all Americans?

I'd like to see a poll that shows were proud of our rich people. Everybody wants to be rich, not everyone can be. There has to be indians for the chiefs to boss around.

Anytime someone mentions too much pay for someone they're a communist. Yeah right. It makes sense to give someone 210 million severance package, [Home Depot Ceo], we're the ones who are all wrong. You should'nt recieve squat for getting fired.