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View Full Version : Melo took a $6Mil hit on his Denver home



ToPHeR35
06-17-2011, 08:55 AM
http://www.trulia.com/homes/Colorado/Littleton/sold/915614-6965-S-Polo-Ridge-Dr-Littleton-CO-80128

Bought it for $12 mil and just sold it for $6. Sounds like he REALLY wanted to get out ASAP.

Discuss....

Beliedat
06-17-2011, 08:56 AM
Good, but that's not a whole lot to him.

batman15
06-17-2011, 08:58 AM
Good, but that's not a whole lot to him.

$6 million is a lot to anybody but bill gates and a couple Arab oil dudes.

He goof'd.

Beliedat
06-17-2011, 09:04 AM
$6 million is a lot to anybody but bill gates and a couple Arab oil dudes.

He goof'd.

Well I mean it isn't crippling, but it's still a considerable loss. I think his extension in 06 was $85 mill or something, and his 3 year deal with the knicks is worth $65 mil.
He listed it at just under $10M, so he was expecting a loss. Likely not this bad tho lol.

Also, to be fair he bought it in 2007, when the market wasn't sht.