[Blind Gossip] There are four things you should know about this recent real estate announcement.
First, our celebrity was going for drama.
He does this all the time (announces that he is buying something or starting a company). He likes the big announcement and the exaggeration of the purchase price or the investment more than the follow through.
Second, the price and value aren’t what you think they are.
He did not pay the price he said he did. It’s just not that valuable. Plus it’s going to take an enormous investment to do to the property what he wants to do, more than the property itself. Plus it would take at least five years. Plus it’s in the middle of f*cking nowhere! He will have a tough time bringing in supplies, attracting people there, and an even tougher time reselling. He thinks he’s a genius businessman but none of his properties are worth what he says they are and this one is bad investment.
Third, if he does move there, he’ll be mostly alone.
She said that she is planning to move there with him? Haha. No way. She hates it up there. Too isolated. If she does go there, it will be to show off the house or do a photo op and then it’ll be right back to LA.
Fourth, even if his wife does visit him there, it will have little impact on their relationship.
They don’t live together. Never have.
Wait a minute. What about the house they just spent five years remodeling? Doesn’t his whole family live there?
No. She hates that house. Too sterile. It’s just another one of his crazy money pit projects.
Similar: Residential Shell Game
[Optional] Do you think he is a good businessman?