Why 50 Cent Losing $1.2 Million On His Connecticut House Still Might Be A Good Thing

  • 📰 Forbes
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

50 Cent sold his Farmington, Connecticut, mansion at a $1.2 million loss—an early harbinger of positive market trends for Connecticut’s luxury market

sold his Farmington, Connecticut, mansion at a $1.2 million loss

—and significantly lower than his asking price of $14.5 million when he first listed it in 2007—might be an early harbinger of positive market trends for Connecticut’s luxury market. As paradoxical as it sounds, the mid-level luxury market in that region has seen so little activity over the past few years that any signs of life are a good thing.

By getting $2.9 million for 50 Cent’s house, which is about $1 million more than where median prices were at their peak a few years ago, there is hope for more to come in the luxury segment. The listing agent who brokered the sale, Jciting her recent sale of a $6.6 million house in the region and that other big deals are gaining traction.

The kitchen with its ample granite countertops, chandelier and mahogany-hued cabinetry has professional quality appliances.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

50cent come to TX 📈

Coulda been a lot worse. Well played 50cent

Damn house almost Bankrupted him Tyson to

buy $btc bitcoin 50cent. 2-3 more mansions in a few months. thank me later

I'd suggest it's telling of more than that. I think boomers are going to find downsizing dramatically more difficult than they expected.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Recreational karaoke, a sweet proposal, glass eels: News from around our 50 statesA Virginia school district is getting an extra week off, thanks to an administrative error. They close schools for snow on the same day why can’t they open them on the same day for a mistake. Snow flake rules!
Source: USATODAY - 🏆 100. / 63 Read more »