tag:blogger.com,1999:blog-7179311615101890268.post7038882883463625460..comments2023-11-05T01:14:14.295-07:00Comments on The Real Estalker: Nic Cage Is Doing It Again in the Big EasyYour Mamahttp://www.blogger.com/profile/14600002907755148264noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-7179311615101890268.post-87661434055836146802008-11-03T20:54:00.000-08:002008-11-03T20:54:00.000-08:00Word on the street is that the missus has been spe...Word on the street is that the missus has been spending him out of house and home. Literally, it looks like.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-58854369112371700542008-11-03T16:03:00.000-08:002008-11-03T16:03:00.000-08:00This is a really cool article about the house . I...This is a really cool article about the house . It describes its history in detail. It was at various times a sight of horrific slave abuse, a boarding house, and a girl's school. CREEPY stuff - can't believe that anyone -even nutty mr. cage - would want to own a property with such bad history.<BR/><BR/>http://www.associatedcontent.com/article/868925/the_ghosts_of_madame_lalaurie_and_the.html?cat=8Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-30609899962628655412008-11-03T13:39:00.000-08:002008-11-03T13:39:00.000-08:00My Friends,How quickly we forget!...That atrocious...My Friends,<BR/><BR/>How quickly we forget!...That atrocious 'National Treasure 2' from 2007 earned $450 million world-wide, and that positively awful 'Ghost Rider' did $250 million. Nicy's take from those (on the back-end) was WELL over $20m each...and the boy has literally 6 films coming out in the next 2 years. <BR/><BR/>Me thinks he's deleveraging like the rest of the financial world -maybe due to nervous lenders, maybe from buying properties with other people's money (debt) at/near the height of the market...<BR/><BR/>His people have just realized that there are far better places for his copious amounts of cash. Perhaps they just want cash to wade heavily into a stock market that very likely will rebound quicker and with more velocity than real estate over the next 12-24 months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-65313808442952079762008-11-03T13:28:00.000-08:002008-11-03T13:28:00.000-08:00Cage may have little or no money in these houses. ...Cage may have little or no money in these houses. Here's how it can be done. The loan is made to buy the house as well as make the note payments (probably interest only) for x number of years, usually less than 5. In other words, he borrowed the money to buy the house AND he borrowed the money to make the house payments. (BYW the lender holds the payment money, and pays itself every month.) The problem maybe that money is gone, and now he is actually having to make the payments on the houses. If it's gonna cost him, why hold onto them. The problem is, he missed the top of the market, which was one to two years ago, depending on the location.<BR/><BR/>His level of trouble depends on how he bought the houses. Did he personally guarantee the loans, or were the houses the only collateral? If it's the former, he could lose a bundle. If it's the later, the lender will eat the loss in value, if any.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-71460672360263105542008-11-03T12:47:00.000-08:002008-11-03T12:47:00.000-08:00Cage is a niece of Francis Ford Coppola... but sur...Cage is a niece of Francis Ford Coppola... but sure, he's a professional flipper now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-24230139035557463032008-11-03T12:46:00.000-08:002008-11-03T12:46:00.000-08:00The guy works all the time. He is very well paid a...The guy works all the time. He is very well paid and likes to spend his money. He has done well with Real Estate in the past. Probably see's something he likes and can't control the urge to buy........<BR/><BR/>His mantra.....hey, it's only money!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-42466123243702313052008-11-03T12:22:00.000-08:002008-11-03T12:22:00.000-08:00Doxie Mama, you could be right. Website photos com...Doxie Mama, you could be right. Website photos come in REALLY LARGE and show a sign in the shrubs to the left that says, <I>"OUR MOTHER OF PERPETUAL HELP".</I><BR/><BR/>Creepy ass for a private residence, no?lil' gay boyhttps://www.blogger.com/profile/10115496241247504856noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-84375322868355115522008-11-03T10:29:00.000-08:002008-11-03T10:29:00.000-08:00do any of his movies gross anywhere near 7 million...do any of his movies gross anywhere near 7 million?Isnt he straight to video?These days i doubt he get 5 million a pic and im sure he does most of his pics for a small sum or royalties/share...He was big in the 80-90s but who's interested in him now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-80718579131264439672008-11-03T10:11:00.001-08:002008-11-03T10:11:00.001-08:00Was the Prytania house the former orphangae that a...Was the Prytania house the former orphangae that anne Rice restored?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-82599014131012324862008-11-03T10:11:00.000-08:002008-11-03T10:11:00.000-08:00Was the Prytania house the former orphangae that a...Was the Prytania house the former orphangae that anne Rice restored?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-43046082194548579562008-11-03T09:53:00.000-08:002008-11-03T09:53:00.000-08:00Awesome, PCH. That's very interesting. You do get ...Awesome, PCH. That's very interesting. You do get around :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-40646977825026404522008-11-03T08:50:00.000-08:002008-11-03T08:50:00.000-08:00The previous owner bought the Prytania house from ...The previous owner bought the Prytania house from Anne Rice, though I don't believe she ever lived here. I've been inside and it's incredible. Was used for a long time as a chapel and so there are no walls between what I assume used to be the usual four parlors and a center hall -- only columns that mark where the hall used to be. The last owner had the longest dining table I've ever seen in a private house, which occupied the space to the right of the entry. The living space was to the left. Exterior proportions are deceptively good; it's not only open but has remarkably high ceilings and feels <I>vast</I>. <BR/><BR/>By Garden District standards it's not at all cramped by the house next door; the nearest structure is actually a garage. It has a comfortable relationship to Prytania, and is well buffered by its garden from 3rd Street.<BR/><BR/>It came through Katrina with only some damage to the garden, and didn't flood.<BR/><BR/>There is a slightly dark edge to the neighborhood's energy. I find it interesting, but know people who get really spooked out.pchhttps://www.blogger.com/profile/09283315335849825659noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-75529943663992773212008-11-03T08:39:00.000-08:002008-11-03T08:39:00.000-08:00listing athttp://www.dbsir.com/dorian_bennett_prop...listing at<BR/>http://www.dbsir.com/dorian_bennett_property_detail.cfm?Property_ID=753Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-16669455682052355142008-11-03T06:19:00.000-08:002008-11-03T06:19:00.000-08:00I seriously doubt he gets 20 mil for every film. ...I seriously doubt he gets 20 mil for every film. Somewhere between 7-20 million. That is still way to much for this guy! <BR/><BR/>I'm sure this professional flipper puts only enough down to buy with his good credit. He than does minimal renovations and flips them for insane sums. <BR/><BR/>This is the type of person that has driven property values to the stratosphere! He has helped cause the housing meltdown by pushing ALL prices up so HIGH that average people can no longer afford average homes that use to be affordable. The middle class buyers are holding the bag on houses that have dropped through the sky, while these P.O.S. mega rich flippers have not felt any effects yet. In many cases they are still asking huge inflated prices on houses they bought a year ago!<BR/><BR/>I hope Cage gets caught with his hand in the cookie jar on these properties. The southwest is just starting to plummet. As soon as it corrects we will see the RE market level out and home prices stabilize. He is playing to close to the edge now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-46337938539920196062008-11-03T05:41:00.000-08:002008-11-03T05:41:00.000-08:00wow! but i think its so expensive...wow! but i think its so expensive...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-63897102925811234682008-11-03T02:25:00.000-08:002008-11-03T02:25:00.000-08:00Nic Cage makes 2-5 movies a year and earns around ...Nic Cage makes 2-5 movies a year and earns around $20 million each. So he can more than afford all these homes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-10553236300602143352008-11-02T23:35:00.000-08:002008-11-02T23:35:00.000-08:00Ditto a previous commenter--Anne Rice's former hou...Ditto a previous commenter--Anne Rice's former house is at 1239 First Street. As far as I know, she owned only the one. But what do I know.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-26655554516490768842008-11-02T20:50:00.000-08:002008-11-02T20:50:00.000-08:00I just wanted to give you little people something ...I just wanted to give you little people something to talk about other than your sad little lives.<BR/><BR/>Oh and the Maloof house looks like a mobile home factory exploded.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-46297729970368655332008-11-02T20:39:00.000-08:002008-11-02T20:39:00.000-08:00How did cage amass so much property and where did ...How did cage amass so much property and where did his money come from?<BR/>I bet he is leveraged and is facing a cash crunch and/or realizes real estate is a bad place to be stuck in now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-75771034451500609992008-11-02T20:32:00.000-08:002008-11-02T20:32:00.000-08:00The house is nicely elevated from street level - h...The house is nicely elevated from street level - hopefully this helps with the flood insurance premiums. <BR/><BR/>Gorgeous place - but yup it's kind of spooky.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-38216808132865605632008-11-02T17:53:00.001-08:002008-11-02T17:53:00.001-08:00He is probably just getting rid of them because he...He is probably just getting rid of them because he realizes what a waste it is for one family to own all that. If he isn't renting them out or has family living in them there is no reason for any sane person to own that many houses. If they were bought as an investment he would probably be better off buying into an REIT fund that doesn't have a lot of toxic assets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-59439889930464630632008-11-02T17:53:00.000-08:002008-11-02T17:53:00.000-08:00Or maybe he is listing what he is bored with and o...Or maybe he is listing what he is bored with and once one or two more sell the others will fall off the market once the mandates end.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-17965432776366763142008-11-02T17:52:00.000-08:002008-11-02T17:52:00.000-08:00One word... reshootsOne word... reshootsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-56938706955128060492008-11-02T17:07:00.000-08:002008-11-02T17:07:00.000-08:00I think he realizes the USA is heading for the bri...I think he realizes the USA is heading for the brink and gonna get rid of most of the properties, smart move!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-44225128256119282912008-11-02T16:41:00.000-08:002008-11-02T16:41:00.000-08:00The obvious reason for the sell off may be the cre...The obvious reason for the sell off may be the credit crisis. Cage may be leveraged out the wazoo, and the lenders have called the loans.Anonymousnoreply@blogger.com