Thursday, July 06, 2006

Making a killing

In weird news:

Mario Williams, the Houston Texans' much-debated No. 1 draft pick, has purchased a home with its own share of controversy.

The newly rich National Football League rookie bought the spacious, Mediterranean-style house from ousted Texas Southern University President Priscilla Slade for about $1.5 million, according to records filed last week.

Clcik on the names above for some backstory if you haven't been following either person's latest travails.

I once knew a couple when we lived in Midland during the Eighties who had bought a very nice home from someone who had recently been prosecuted as the neighborhood child molester. His name -- by the children whom he had invited to swim in his backyard pool -- was "Tickle Man".

Now it appears as if Williams got a $300,000 discount on his new home, and though I never got them to talk much about it, I'm sure my west Texas friends got an even better deal on theirs (not quite as expensive an abode, but the discount in terms of percentages was huuuuuge).

There's a point here...

At what point does this sort of thing traverse the boundary from predatory purchasing to just plain old creepiness? Does the line get crossed with the two situations I related? Certainly I understand that a significant enough price reduction can overcome nearly any queasiness, but still ...

If a real estate bargain is your primary --- indeed, your solitary interest, then be advised: there's a nice little high-rise condo going on the market in River Oaks very soon that you might want to look into. A recent assessment put it at $6.5 mil, down from $7.9 in 2002, by all appearances.

Its celebrity markup has recently been mitigated. Somewhat.

No comments: