Imus’ Connecticut Home Sells for $14.4 Million

Discussion in 'The Howard Stern Show' started by koam, Apr 15, 2013.

  1. koam

    koam Playa' Pimp

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    Proving once again it's a buyer's market, syndicated host, Don Imus, had to settle for $14.4 million for his Connecticut home, originally listed at $30 million. According to realtytoday, The home features 10,0900 sq. ft; six bedrooms, six full and one half bathrooms, a two-bedroom gate house, a nine-car garage and two-bedroom guest house. Did we mention its 215 feet of private waterfront area as well? Imus first listed his home for $30 million in 2005. Failing to sell over the years, Imus readjusted the price to $25 million in 2011 before relisting it for $19.9 million in January and finally selling for $5 million less. But don't feel too badly for the Imus'. They purchased in 1997 for $4.6 million.

    [​IMG]
     
  2. chuk

    chuk Well-Known Member

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    That idiot couldn't sell in 200?!?!?!
     
  3. Dlist

    Dlist Well-Known Member VIP

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    But how many chimneys does it have? And no bowling alley? How low class!:facepalm:
     
  4. Icculus

    Icculus Well-Known Member

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    classy and tasteful.
     
  5. Kool

    Kool Well-Known Member

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    U mean how classy....
     
  6. Dlist

    Dlist Well-Known Member VIP

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    But did he have a Big "I" for Imus over the fireplace? B/c I'm sure Deidre's favorite letter is "I"
     
  7. skylarbrie

    skylarbrie VIP Extreme Gold

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    imus nears retirement
     
  8. zerokarma

    zerokarma Well-Known Member

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    How much would Howard's Hamptons house sell for on today's market?

    Would he be able to get all his marbles back from all the money he shelled out for the land and construction of that monstrosity?
     
  9. Herc

    Herc New Member

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    Stern paid $20 Million Dollars just for the land for his Hampton's Estate . . . :secret:
     
  10. fletchman71

    fletchman71 Well-Known Member

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    Who gets Casa De Chimney once Howard passes? I bet the NSAL gets it.
     
  11. Dlist

    Dlist Well-Known Member VIP

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    Isn't it something like 16K sq feet? For TWO people and 4 cats? That is obnoxious excess..
     
  12. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    http://en.wikipedia.org/wiki/Greater_fool_theory

    The greater fool theory (also called survivor investing) is the belief held by one who makes a questionable investment, with the assumption that they will be able to sell it later to "a greater fool"; in other words, buying something not because you believe that it is worth the price, but rather because you believe that you will be able to sell it to someone else at an even higher price.[SUP][1][/SUP]
    It is similar in concept to the Keynesian beauty contest principle of stock investing.
    Some consider it a valid method of making money in the stock market, particularly momentum investors; however, fundamental investors believe that market participants eventually realize that the price level is too outrageous (too high or too low) and the speculative bubble pops. The greater fool theory relies on market optimism and market momentum concerning a particular stock, an industry, or the market as a whole.
    An alternative to the greater fool theory is value investing, or contrarian investing, which tries to discount, or even go actively against, the prevailing market psychology. Value investors such as Warren Buffett believe that it is corporate profits that are the normal returns from stock investments, and any higher return is possible only due to the greater fool theory.
    A stock's price value is determined by judgments made based on earnings, revenue, balance sheets, and a company's future prospects. And many stocks pay dividends as a premium to ownership. Bonds pay interest and their prices fluctuate as a direct reflection of an interest yield on a given bond.
    [h=2][edit] In Popular Culture[/h]"The Greater Fool" was the name of the final episode of the first season of Aaron Sorkin's The Newsroom. It was used to describe the show's main character, Will McAvoy (Jeff Daniels), because of his belief in doing "real news." Throughout the episode, Will views it as a negative term. However, financial reporter Sloan Sabbith (Olivia Munn) tells Will, "The greater fool is someone with the perfect blend of self delusion and ego to think that he can succeed where others have failed. This whole country was made by greater fools."[SUP][citation needed][/SUP]
    The Bitcoin Gem game is based entirely on this idea. People buy a nonexistent gem at a small markup over what the previous owner paid, based solely on the chance that (1) someone else will come along and buy the same nonexistent gem at a markup later and (2) the price bubble won't collapse before that happens.[SUP][2][/SUP]
     
  13. Herc

    Herc New Member

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    And his condo his 8000 sq feet . . . :)
     
  14. Herc

    Herc New Member

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    Beth will be able to live in it until she dies. Then his kids get full ownership . . . :coffee:
     
  15. Dlist

    Dlist Well-Known Member VIP

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    What?? Poor Howard..only 8K square feet..in midtown manhattan...he is practically slumming it..:bigcry:
     
  16. Dlist

    Dlist Well-Known Member VIP

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    But if she moves a man in, it automatically reverts to the kids...
     
  17. isabella

    isabella VIP Extreme Gold

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    10,000sq ft....let's take up a collection for him.
    from what i can see of the pics it looks relatively low key and warm not like howard's dungeon.
     
  18. BringBackJackie

    BringBackJackie Well-Known Member Banned User

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    Howie in the Hamptons is like Rodney Dangerfield in CaddyShack
     
  19. MutteringJohn

    MutteringJohn Well-Known Member

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    Did it come with a Donkey Kong