I totally agree. Owning the house means you aren't going to end up on the street if your other financial plans go tits up.
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Apple Preps for NC Data Center Launch, Paid $1.7 Million to Couple for 1-Acre Plot
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Consider the opportunity costs involved with locking up your liquid funds. If you've put all of your money into non-liquid assets, it's as good as being broke if you need to be able to move quickly on something.
Some people don't want to be as risky as others, that's all. Both strategies are perfectly valid.
Prostuff1 wondered why anyone with sufficient cash would not purchase a home outright. I gave him a scenario where mortgages could be used regardless how much money you have.
I've had enough of these real estate squatters and land trolls. I think if someone owns a piece of valuable land and doesn't develop it within 2 years, they should lose the rights to that land. It's ridiculous for Apple and others to have to pay these ransoms.
/satire
:lol: Nice.
Apple can buy my house if they want to. I hope this new data center means cloud-based iTunes/Home Sharing or revamped MobileMe.
I hope this new data center means cloud-based iTunes/Home Sharing or revamped MobileMe.There is not much you can do with a data centre in North America when you are a russian in Moscow or an Aussie in Australia..... If they had numerous Datacentres I would imagine web indexing, search, real time something.... but one data centre can only mean one big store.... Maybe all apps of OSX6 will be available now just in downloadable form, as well as ipad, appletv, ios..... what else is not time sensitive and requires lots of data space.... movies, tv shows?
$1.7 million doesn't buy you all that much in Beverly Hills these days.
no, no it doesn't...you can get a rundown house below Olympic, or an even more rundown house in the hills.
but hey, you can definitely buy a brand new Aston Martin for speed, and a new Rolls-Royce for luxury!
Good on them I say and good luck.
...... hopefully an even bigger company won't come along in a few decades with plans for an even bigger data centre ....?!!
and good luck....... hopefully an even bigger company won't come along in a few decades with plans for an even bigger data centre ....?!!
Good to see they got their dream home. Just hope they had something saved up in case of emergency. Always have an emergency fund.
I think some of the posters here should not go outside of their homes
World will end in 2012
Hit by a (bus, Car, Train) etc. etc.
Shoot in a mugging
the list goes on and on!
Life is 2 days! to which 1.5 of them you have to work!
If Apple gave me 1.7 Million! let me think!
Buy Macrumors and ban all the trolls!
Buy sooooo many X-Serves and make a render farm that would put the BBC to shame, just to edit my videos (see below)
Go clubbing around the world until I had NO money left and had to go home and work! (like I have to now) but at-least I have the X-Serves and loads of videos to edit in my free time, when I am not working of course
The moral of the story? live life to the max and stop moaning on about what people should do with their money! as for all the the investment people, I would gladly save the 1.7 Million just to see their faces if the world did end in 2012
World will end in 2012
Hit by a (bus, Car, Train) etc. etc.
Shoot in a mugging
the list goes on and on!
Life is 2 days! to which 1.5 of them you have to work!
If Apple gave me 1.7 Million!
let me think! Buy Macrumors and ban all the trolls!
Buy sooooo many X-Serves and make a render farm that would put the BBC to shame, just to edit my videos (see below)
Go clubbing around the world until I had NO money left and had to go home and work! (like I have to now)
but at-least I have the X-Serves and loads of videos to edit in my free time, when I am not working of course The moral of the story? live life to the max and stop moaning on about what people should do with their money! as for all the the investment people, I would gladly save the 1.7 Million just to see their faces if the world did end in 2012
I have a home in Hickory about 5 miles north of Maiden, and paid 14000.00 for 1 acre and its a lot nicer piece of property than the one Apple paid 1.7 million for. Maiden is a very small town, almost just a junction inbetween 2 roads, and if you look around the site Apple purchased their are plenty of open real estate for sale. At 181,000 value by Catawba county as posted before, even that sounds high for Maiden. I suggest going to the Catawba county website and actual look up the value before Apple purchased. Anyway this couple is from a family that owns a good portion of real estate in Maiden so I guess if Apple was set on Maiden for its data center then they didnt have any choice but to get taken to the cleaners by this family!
Wait a second,...
... these people own a whats looks like a modest home, then sell it by fortune for over a million dollars and spend ALL that money on a vast new propterty? How will they keep such a house maintained? Are they also getting a monthly cheque from Apple?
I thought the housing bubble cured people from speculating with properties.
A.B.
... these people own a whats looks like a modest home, then sell it by fortune for over a million dollars and spend ALL that money on a vast new propterty? How will they keep such a house maintained? Are they also getting a monthly cheque from Apple?
I thought the housing bubble cured people from speculating with properties.
A.B.
I side with those who see a 4,200 sq. ft. home as not overly large. Perhaps they built the home to be wheelchair accessible, which tends to add to the total square footage by making larger rooms and hallways.
As for 49 acres, again I see this as nothing extraordinary. Perhaps they intend to raise alpacas, dig a few shallow ponds for freshwater prawn, and use the rest for growing vegetables.
As for 49 acres, again I see this as nothing extraordinary. Perhaps they intend to raise alpacas, dig a few shallow ponds for freshwater prawn, and use the rest for growing vegetables.
4200 too much!
Of course 4200 square feet is too much space for 2 old people. As someone said, 1700 square feet is enough for a family of 4, never mind a couple of old coots, sitting around drinking mint jullips and watching TV. They will get lost in a 4200 square foot house. They'll need a GPS to make their way from the second den to the great room. Then there are the maintainence costs, which will be 3x the amount. Heating, cooling, paint, roof, taxes etc etc etc. As you add on to the house, all your major living expenses go through the roof. Triple the taxes, triple the utilities, triple the maintainance, triple the headaches. This is a very american thing to do; Buy way more than you need, and then get strung out on expenses that never go away. And then complain bitterly about how you are barely keeping afloat. How about this: Buy much less than you can afford, save the extra money from all the recurrent expenses, and build a buffer for when hard times hit (like when Apple's server farm blows up from overheating and levels your new house). But I'm tired of watching people make stupid financial decisions, living on the bleeding edge of what they can afford, and then when things don't exactly work out, they just don't understand why. So I say, just hold back a bit: buy a used car, even if you can afford a new car, buy a 2000 square foot house, even if you can afford a 4000 square foot house. Then you won't be on the bleeding edge of disaster, and if disaster does hit, you will have a nice cushion to save you.
Of course 4200 square feet is too much space for 2 old people. As someone said, 1700 square feet is enough for a family of 4, never mind a couple of old coots, sitting around drinking mint jullips and watching TV. They will get lost in a 4200 square foot house. They'll need a GPS to make their way from the second den to the great room. Then there are the maintainence costs, which will be 3x the amount. Heating, cooling, paint, roof, taxes etc etc etc. As you add on to the house, all your major living expenses go through the roof. Triple the taxes, triple the utilities, triple the maintainance, triple the headaches. This is a very american thing to do; Buy way more than you need, and then get strung out on expenses that never go away. And then complain bitterly about how you are barely keeping afloat. How about this: Buy much less than you can afford, save the extra money from all the recurrent expenses, and build a buffer for when hard times hit (like when Apple's server farm blows up from overheating and levels your new house). But I'm tired of watching people make stupid financial decisions, living on the bleeding edge of what they can afford, and then when things don't exactly work out, they just don't understand why. So I say, just hold back a bit: buy a used car, even if you can afford a new car, buy a 2000 square foot house, even if you can afford a 4000 square foot house. Then you won't be on the bleeding edge of disaster, and if disaster does hit, you will have a nice cushion to save you.
Nobody said they spent all of it on the home. Probably no more than 1/3.
You just described a 10000+ sf home, not 4200. Seriously, you don't even know what it is, buy a tape measure or something. I have a ~1800 sf home and the 5 of us are busting at the seams, and the kids haven't even hit 6' tall, yet. My driveway is 2000 sf on a standard suburb lot, just because the garage is behind the house.
Maybe they can lease some rooms to make the MR crowd happy. Plenty of people could live there, right?