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Obama's America: Shaq has to settle for a 235K house. Only 4 baths.

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Slayven

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http://www.tmz.com/2012/11/04/shaquille-oneal-nba-florida-home-235k/?adid=hero5

Shaquille O'Neal knows ... being rich and buying houses is fun ... so despite living in a GINORMOUS 70,000-square-foot mansion ... he dropped $235k on a second, regular person house 30 miles away.

Shaq -- who is reportedly worth around $250 million -- currently lives in an 11-bedroom, 13-bath PALACE outside Orlando, FL ... which includes a 20,000-square-foot basketball court and garage filled with DOZENS of sports cars!!!

But that just wasn't enough ... 'cause in July the former NBA superstar laid down $235k on a very normal 3,900-square-foot abode ... in a place called Mount Dora, FL.

It's unclear WHY the Shaq-ster bought the spare pad ... Investment? Gift? Kicks and giggles? But we do know the house is pretty nice -- for those of us not sitting on fat bank accounts.

The new pad is rockin' 5 bedrooms, 4 baths ... granite counter tops ... wet bar ... entertainment room ... and cherry cabinets. Which would all be really awesome ... if his other house wasn't WAY MORE awesome.

We reached out to Shaq's people to ask him about the new purchase ... but so far no word back.

1102-mount-dora-florida-2.jpg
 
Holy shit is the housing market this GOOD now?

I foreclosed on a "townhome" in the valley(California) 5 years ago. 500k...

Thats a good deal. My lord...

Hows the real estate in france? The country?
 
That's what you can get for $250K in Florida?!?!?!

Holy shite!
 
235k for THAT? holy fuck I wish I had those prices by me. Something comparable would be 2 million here, easy. ugh.
 
That's what you can get for $250K in Florida?!?!?!

Holy shite!

Right?

I was thinking of moving somewhere a bit, slower, and more affordable than L.A. Something quiet, nice house, nice land. No way in hell I'd move to florida, but I wonder if this is the same nationwide?
 
is anyone else sick of the phrase "obama's america"?

even in jest, i had to hear one of my roommates use it the other day and i can't stand to hear it anymore.

op stahp
 
fuck... that house that's pictured is only 235k. I wish I had loads of money saved. Too bad it's Florida
 
I know why: because his "palace" is rented and he's out of money.
 
Such foreclosure deals are rare. It can happen but no even in Florida this is not common. Shaq likely got some favor to get such a deal.

everyone so surprised that housing is cheap in Florida.. you think GAF is the only one aware of G/A/F? nobody wants to live there

Yea no, lot of places in Florida still command high prices, and foreclosures are being gobbled up within hours on markets that the banks can't keep up with the demand in various areas.
 
Holy shit is the housing market this GOOD now?

I foreclosed on a "townhome" in the valley(California) 5 years ago. 500k...

Thats a good deal. My lord...

Hows the real estate in france? The country?

The housing market in Florida, Nevada and Arizona tanked considerably during the crisis. I believe Nevada and Arizona are making a comeback. But it looks like in parts of Florida there are still great deals to be had.

http://trends.truliablog.com/category/housing-misery-index/
 
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