I just saw this on the Buffetworld website. Apparently Jimmy and Jane Buffett just sold their Palm Beach estate for 18.5 million. The tax appraisal on the home was 23.3 million so it would be easy to say the Buffetts have felt a $5million crunch of the housing bubble. On the other other hand the article does pooint out that they bought the home in 1994 for $4.4 million. Proving what I have been saying for a long time. Real estate is a long term investment. Don't wait to but real estate .... buy real estate then wait!
According to the Palm Beach Daily News, Jimmy Buffett has sold his Midtown estate in Palm Beach, Florida for $18.5 million:
Jimmy and Jane Buffett’s Midtown estate has sold for $18.5 million, according to a deed filed today at the Palm Beach County courthouse.
The buyer has not yet been identified.READ THE REST OF THE ARTICE HERE
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