Aaron Spelling's mansion on sale for $150M

Maharlika · Mar 29, 2009

Blatant and vulgar display of "nouveau riche". Hooray for Hollywood!! Maybe a Saudi Prince will buy it. On a more serious note, the house next door has been in the market for 125 Million USD for the past two years.

hypersonic · Mar 29, 2009

I don't really understand this animosity towards the way very wealthy people choose to spend their money. Surely, it is entirely the right of Candy Spelling to live as she does without being condemned by self-righteous leftists.

The comments on that web page are quite fascinating. It is clearly obvious that many people have absolutely no idea how the seriously rich really live. They seem to be offended by a 150 million dollar house -- what about a 100 million dollar Picasso or a 200 million dollar yacht?.

How people choose to spend their own money is, and should always be, their own business. The current economic crisis is bringing out a lot of suppressed resentment (or is it jealousy) in many of the same stupid people who insist that Capitalism has failed.

LabelKing · Mar 29, 2009

A silver storage room is not unusual. Many old mansions used to have silver vaults.

Thee high-falutin' mansions are quite small compared to some of the old manors of European nobility.

hartgolf · Mar 29, 2009

Can you imagine how much the taxes would be on that place!! Unreal!!

mack11211 · Mar 29, 2009

The real secret of the house sale is that the property was re-engineered by the bank.

If you miss a mortgage payment, the wings pincer forward to crush you in the center of the forecourt.

suited · Mar 29, 2009

It's a pretty awesome house, some of the comments in here are funny.

crazyquik · Mar 29, 2009

Would you really want a house like that? Where the swimming pool is a 5 minute walk from the tennis court?

I guess you could always move one . . .

itsstillmatt · Mar 29, 2009

Originally Posted by suited

It's a pretty awesome house, some of the comments in here are funny.
Really, it isn't. I went to school nearby, and have been to fundraisers there. I have absolutely no problem with the money, the house is just ugly as sin.

rnoldh · Mar 29, 2009

Originally Posted by hartgolf

Can you imagine how much the taxes would be on that place!! Unreal!!

I imagine a Californian could tell us.

Property taxes are a matter of public record, but it's likely the owner of record is some trust or LLC., so it might be difficult to look up.

What is California's consolidated property tax rate? And what is this house appraised at ( not necessarily close to the asking price ).

itsstillmatt · Mar 29, 2009

Originally Posted by rnoldh

I imagine a Californian could tell us.

Property taxes are a matter of public record, but it's likely the owner of record is some trust or LLC., so it might be difficult to look up.

What is California's consolidated property tax rate? And what is this house appraised at ( not necessarily close to the asking price ).
Not as much as you would think. I believe it is something like 1.5% of original value, compounded at 2.5% per year. They bought it 20 years ago, and I don't know how much they paid, so...

Piobaire · Mar 29, 2009

Originally Posted by iammatt

Not as much as you would think. I believe it is something like 1.5% of original value, compounded at 2.5% per year. They bought it 20 years ago, and I don't know how much they paid, so...

Damn! So if values jump 40%, your assessment is still off the original purchase? That's sweet.

itsstillmatt · Mar 29, 2009

Originally Posted by Piobaire

Damn! So if values jump 40%, your assessment is still off the original purchase? That's sweet.
Prop. 13 Under Proposition 13, the annual real estate tax on a parcel of property is limited to 1% of its assessed value. This "assessed value," however, may only be increased by a maximum of 2% per year, until and unless the property undergoes a change in ownership. At the time of the change in ownership the low assessed value may be reassessed to full current market value which will produce a new base year value for the property, but future assessments are likewise restricted to the 2% annual maximum increase of the new base year value. Back before it was the People's Republic of California.

Piobaire · Mar 29, 2009

Originally Posted by iammatt

Prop. 13

Under Proposition 13, the annual real estate tax on a parcel of property is limited to 1% of its assessed value. This "assessed value," however, may only be increased by a maximum of 2% per year, until and unless the property undergoes a change in ownership. At the time of the change in ownership the low assessed value may be reassessed to full current market value which will produce a new base year value for the property, but future assessments are likewise restricted to the 2% annual maximum increase of the new base year value.

Back before it was the People's Republic of California.

Interesting. That's some major incentive not to change houses.

Nil · Mar 29, 2009

I've never understand the desire to own such a large house. I suppose if you had that kind of money, there is only so many expensive things you can spend it on. But I'd much rather have a house the size of half of one of those arms and keep the rest as landscaped property.

rnoldh · Mar 29, 2009

Yeah, those are sweet property property tax parameters.

It may be one of the causes of the state's current bankrupt condition.

But there's always a trade off.

In Texas the consolidated property tax rate is about 2.8% of genuine appraised value ( with a 20% homestead tax reduction available ). That's fairly high.

But sales taxes are generally more reasonable than most states and there is no state or city income taxes in Texas.

I know NYC has state and city taxes. I believe they have state income taxes in Ca. Do any Ca. cities have income taxes too?

Aaron Spelling's mansion on sale for $150M

Distinguished Member

Senior Member

Stylish Dinosaur

Member

Distinguished Member

Distinguished Member

Distinguished Member

The Liberator

Stylish Dinosaur

The Liberator

Not left of center?

The Liberator

Not left of center?

Distinguished Member

Stylish Dinosaur

FEATURED PRODUCTS

Similar threads

Featured Sponsor

Definitely full canvas only

Half canvas is fine

Really don't care

Depends on fabric

Depends on price

Forum Sponsors

Forum statistics

FOLLOW STYLEFORUM ON: