I want, I want, I want............

[kpete]

Wealthy Reduce Buying in a Blow to the Recovery

Apparently the poor dears aren't spending any money.
http://www.nytimes.com/2010/07/17/business/economy/17consumers.html?hp

...................



Jacqueline and Dave Siegel embarked on their $100 million Orlando mansion—named "Versailles"—before the credit crisis hit. Now they're trying to sell it. At 90,000 square feet, it is the largest privately owned home in America.

We had planned maybe a 12,000 square-foot home, but our family grew, we have eight kids, and during the design process the house just kind of took on a life of its own.

I wanted a bowling alley for the kids and I wanted an indoor roller- and ice-skating rink, and my husband wanted a 10,000 square-foot health spa with an indoor relaxation pool and the house kept growing and we had to keep buying more lots.

http://gawker.com/5589203/for-sale-a-house-so-big-you-need-a-segway-to-get-around-it?skyline=true&s=i

You can't always get what you want (no, no baby)
You can't always get what you want
You can't always get what you want
But if you try sometimes you just might find
You just might find
You get what you need, ah yes

http://www.lyricsdomain.com/18/rolling_stones/you_cant_always_get_what_you_want.html

[area51]

1. Wow. (n/t)

[asdjrocky]

2. My list..

I want children to go to bed tonight with full belly's. I want their parents to have jobs. I want my neighbors back who were thrown out of their homes.

[Lucian]

3. Hell, if I had the money, I'd buy that house!

[pinboy3niner]

4. Mind-boggling!

I think 90,000 sq. ft. might make a good shelter for some of our newly-jobless/homeless.

[Clovis Sangrail]

5. why the hell would anybody build a mansion in central Florida???

8am: 90 degrees - 80% humidity
walking 3 blocks at noon is like a death march.

It's nice for like 4 months out of the year.

[Warpy]

6. Siegel made his money selling time shares in Florida

which means he's been totally hammered into the ground by the depression.

This palatial monstrosity is a prime example of how and why most new money dies broke. It's also an example of how rich men never have enough, not matter how much of the combined wealth of a country they manage to loot.

Either some oil sheik will snap it up or it will be converted into yet another Orlando hotel, but not at $75 million.

[jwirr]

7. Maybe make a nice hotel or art gallery?

[GoCubsGo]

8. Good Gawd, that's ugly.

I can see Mrs. Seigel standing on the balcony shouting "Let them eat cake." As one of the comment in the Gawker article said, this is why God sends hurricanes to Florida.

[TwilightGardener]

9. Somebody ought to buy that and make it a retreat, for groups and

businesses. Events, weddings, etc. (edit to add: Orlando's a good location for such a thing, I would think).

[Warpy]

12. That's a pretty good idea, but such facilities are already overbuilt

especially in this economy. That's the main reason this monstrosity hasn't sold.

Fools and their money...

[Touchdown]

10. It's as fake as an Orlando theme park.

And at $100 million, it costed the same as EPCOT did in 1981.

[AnArmyVeteran]

11. I'd like to hire 100 people and give them unlimited cans of spray paint.

The house would look a lot better when they finished their 'artwork'.

[Adsos Letter]

13. There was a "design process" involved in that monstrosity?

That is one of the ugliest buildings I have yet to see.