Geffen is a better real estate investor than all us idiots https://www.wsj.com/amp/articles/jeff-bezos-buys-david-geffens-los-angeles-mansion-for-a-record-165-million-11581542020 …
-
-
Replying to @PinkPoloShorts
Many of the showbiz folks with whom I've come in contact in LA have made more money from real estate than from their jobs. They bought huge homes in desirable neighborhoods with plenty of leverage... which turned out to be a good plan in SoCal over the past 50 or so years.
6 replies 0 retweets 19 likes -
Replying to @moseskagan @PinkPoloShorts
Geffen only made like 4% and some change (in nominal terms) compounded over 30 years, before carrying costs
3 replies 0 retweets 5 likes
But what would his rent have been?
3:07 PM - 12 Feb 2020
0 replies
0 retweets
2 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.