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Post by HoppersSkippersMiners on May 27, 2014 22:33:17 GMT -5
Heh heh. If true, that could help explain the deal. We got our own house at a reasonable cost pretty much because we were completely pre-financed at a time when the sellers wanted to sell quickly. Lord knows we didn't have cash for the entire house, but it made a big difference that we did indeed have the necessary 20% down in liquid cash for the mortgage (thanks to years in a rent-controlled apartment). Found this conversation on twitter. I Dream In 4D @idreamin4d 46m terra_zephead it's on the MLS listing. paid whole. TERRÀ terra_zephead Protected Tweets 46m @idreamin4d oooooooh I Dream In 4D @idreamin4d 45m terra_zephead my friend is a real estate broker. Adam Lambert Media @devenlane 44m @idreamin4d SO HE PAID IT ALL OFF? IF SO, THATS SMART terra_zephead
Hmmm..... Well, under normal circumstances, you want to have a mortgage for tax savings purposes. BUT that makes the presumption that you have a steady salary that expected to increase over the 30-year life of the mortgage. However, if you are an entertainer who does NOT have a steady salary and whose income may or may not stay steady over a few decades, it may indeed take the guesswork out of a home to pay it off completely when the opportunity presents itself. Adam has the money now. If the home is solidly his, he needs to worry about nothing other than the yearly taxes, and he can establish an account to do nothing but pay taxes. That way, no matter what may happen to his career, he'll never be "MC Hammer"ed" where you're flush in $15M one year and being foreclosed just a few years later. If he paid for the house entirely, it will always be his and a permanent asset for him. |
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Post by nica575 on May 27, 2014 22:33:32 GMT -5
There's an unsubstantiated rumour running around twitter that Adam paid for his new house in cash. Heh heh. If true, that could help explain the deal. We got our own house at a reasonable cost pretty much because we were completely pre-financed at a time when the sellers wanted to sell quickly. Lord knows we didn't have cash for the entire house, but it made a big difference that we did indeed have the necessary 20% down in liquid cash for the mortgage (thanks to years in a rent-controlled apartment). I see this in the listing record - does this mean cash? or cash and loan? Listing Information Listing Terms: Cash, Cash To New Loan Buyer Financing: Cash, Cash to New Loan also - $788/sq. food seems to be low for the property, however the Median $ / Sq. Ft. is $695 for the area, but many homes seem to be of older type.... |
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Post by adamrocks on May 27, 2014 22:36:40 GMT -5
More tweets about Adam paying cash for his house. They say if you pay in cash you are able to negotiate a better price. I Dream In 4D @idreamin4d 57m terra_zephead my friend says it's paid in full I Dream In 4D @idreamin4d 55m terra_zephead @devenlane my friend says the house was listed for $3.2 mil but because he paid in cash, they were able to negotiate lower Adam Lambert Media @devenlane 54m @idreamin4d I LIKE THE 2.995 LMFAO, IT HURTS LESS I GUESS terra_zephead I Dream In 4D @idreamin4d 54m terra_zephead @devenlane my friend says it's a smart decision if you have the money. you can ask for a discount if paying in cash |
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Post by LindaG23 on May 27, 2014 22:38:02 GMT -5
I do not remember an interview where he said he wanted a hookah room, would love to hear it if someone finds it. Any hints about the time period and I could do some searching. All I remember was him saying his idea of a good time or something along those lines would be a hookah in one corner of the room and an orgy in the other corner. I remember hookah being mentioned, it think orgy was in the other corner...lol Can't remember the context.
ETA: Waves at Mayumi!!! So excited for your new house, but will miss you being close by.  Looking forward to seeing you at The Forum!!!
So I found it. The quote in question is from the May 24th print issue of Rolling Stone where they reviewed and rated Trespassing with four stars. In it he says, “I have a very gluttonous, hedonist personality,” he says. “I love the idea of a wild night out, and if there could be an orgy in the corner and a hookah over there - I love the idea of that. But I’m moving out of that phase of my life.” This is also where Rob Sheffield famously says "Glambert sings everything like Zeus in a thong." Here is a reprint of the article kathryn17.tumblr.com/post/22677094036/no-copyright-infringement-intended-article |
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Post by HoppersSkippersMiners on May 27, 2014 22:40:05 GMT -5
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Post by gingerpf on May 27, 2014 22:46:12 GMT -5
OK I give in! I want to see the house pictures too! Somebody DM me PLEASE & THANK YOU!  |
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Post by bamafan on May 27, 2014 22:50:43 GMT -5
Thanks Linda G.......That's what I was remembering. It was in the context of a wild night out. |
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Post by HoppersSkippersMiners on May 27, 2014 22:50:58 GMT -5
Ok. Now comes the REAL question: Is that closet REALLY gonna be big enough for all Adam's clothes ??!!??!!  |
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Post by gingerpf on May 27, 2014 22:51:14 GMT -5
And I have another question that I'm sure has been answered before. Does Adam get ANY of the money from the sales of this Best of AL album that was released today? Or since he's not with RCA any more, does that mean that RCA gets all the money? Not sure I want to give his ex-label any more money. I'm hoping Adam gets a little bit, even though I know it's only pennies. Anybody know?
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Post by bamafan on May 27, 2014 22:51:34 GMT -5
You can thank grandduchess for the ninja work.
Ginger.......look above. lol
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