My word, what a year for financial blunders. Well, technically “This Week in Financial Blunders” hasn’t been running for a full year, but the Zing Blog would be ill-advised not to include a “best of” list like every other publication in the blogosphere. Unfortunately, only people who work at Freddie Mac would read a “Top 12 Biggest Moves in the Primary Mortgage Market Survey” blog, so instead we’ve compiled our six favorite financial blunders from the past year. The biggest, weirdest, saddest and funniest are all here, so read them and weep. Weep for joy or sadness, whichever you prefer.
Sports fanatics worldwide began searching between the pillows on their sofas and breaking their piggy banks to gather loose change when news reports surfaced that Michael Jordan put his Highland Park, Illinois mansion up for sale for $29 million this week.
If given the opportunity, sports enthusiasts such as myself would sprint right through the golden 23 on the entry gates and spend countless hours in the indoor, regulation size, Chicago Bulls-themed basketball court. Yet, the more than 56,000 square foot property offers many other features that are sure to make the new homeowner feel like a six-time NBA champion.
Michael Jordan’s property by the numbers:
$29,000,000 — Listing price
32,683 — Square feet of living space in the main house
$165,300 — Cost of annual property taxes
$145,000 — Cost of annual home insurance
23 — Number on the entry gates
19 — Number of bathrooms
9 — Number of bedrooms
6 — Number of NBA Finals MVP and NBA championship awards displayed inside
3 — Number of climate-controlled, multi-car garages on the property
2 — Number of Jordan’s jerseys retired (North Carolina, Chicago Bulls)
1 — Number of cars rumored to actually be parked in a garage
While you may not own a private jet, or the NBA’s Charlotte Bobcats franchise like Michael Jordan, for $29 million you can own the place where he worked on his craft everyday to become the greatest athlete of all time and obtain the spoils that accompany that title.
Watch the video tour below of Michael Jordan’s $29 million home for sale, or to read the full article, head over to The Wall Street Journal’s Developments blog.