Or at least it seems to be up there. Have seen this house before on google maps and AFIAK it has been mentioned on the Producer Michael channel on youtube, though recently he's been able to take a peek inside - this is worth a watch in itself though the videos themselves are not the purpose of this thread:
In case anyone is interested this house is insane, some of it isn't necessarily bad taste, the "home cinema" is ridiculous, there is some silly amount of kitchens and lounge areas between bedrooms, almost like nightclub chill out areas or something (+ an actual nightclub) and some ridiculous master bedroom swimming pool on a balcony.
What is insane is the guy who made it - you can probably tell that already if you watched the above clips, claims something about sustainability because he's used plastic flowers, mentions his ex a few too many times and in a weird way etc...
The thing is the people who lent this lunatic money are growing a bit impatient and want their loan repaid!
https://www.latimes.com/business/re...for-nile-niamis-infamous-mega-mansion-the-one
Now to top it off... I'm assuming they had to film this interview as part of the deal to get access inside the house - more insanity, here we have a guy even more deluded than Trump.... not only does he seem to think he's going to hang onto the house but he's going to magically become some sort of boxing promotor and reality TV star and an instant billionaire.... I mean it is possible but it seems highly unlikely... oh and he brings up his ex again:
Apparently, in the US, if you're an utterly deluded ego maniac then you can borrow a load of $$$ for real estate/property development despite not paying your bills/being taken to court over other development projects to the point where you build some huge monstrosity of a house that realistically will never get sold for the 500 million asking price.
Maybe in a few years, this guy could consider running for president?
It does put into perspective the whole property thing here, while not as insane as the situation in the US banks are happy to lend BTL investors, for example, on the basis of them already being "successful" landlords, leading to some amature landlords getting out of their depth... whereas joe public faces rigorous checks of financials and deposit requirements.
Anyway, thought the above was interesting enough to share and especially with ref: to the LA times story we should see the result of this car-crash within a couple of months!
In case anyone is interested this house is insane, some of it isn't necessarily bad taste, the "home cinema" is ridiculous, there is some silly amount of kitchens and lounge areas between bedrooms, almost like nightclub chill out areas or something (+ an actual nightclub) and some ridiculous master bedroom swimming pool on a balcony.
What is insane is the guy who made it - you can probably tell that already if you watched the above clips, claims something about sustainability because he's used plastic flowers, mentions his ex a few too many times and in a weird way etc...
The thing is the people who lent this lunatic money are growing a bit impatient and want their loan repaid!
https://www.latimes.com/business/re...for-nile-niamis-infamous-mega-mansion-the-one
Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. Over the last three years, that debt has ballooned to more than $110 million, and Hankey wants its money.
According to a document obtained by The Times, the lender just served Niami a notice of default on the prized property, which is considered the first step in the foreclosure process. If Niami can’t repay the loan in 90 days, Hankey could force a sale of the home.
[...]
“We felt the owner of ‘The One’ was distracted from the job at hand, which is to bring the biggest and best house in the United States to market for sale,” said Don Hankey, chairman of Hankey Investment Co. “We hope our actions will kick off the official listing.”
Now to top it off... I'm assuming they had to film this interview as part of the deal to get access inside the house - more insanity, here we have a guy even more deluded than Trump.... not only does he seem to think he's going to hang onto the house but he's going to magically become some sort of boxing promotor and reality TV star and an instant billionaire.... I mean it is possible but it seems highly unlikely... oh and he brings up his ex again:
Apparently, in the US, if you're an utterly deluded ego maniac then you can borrow a load of $$$ for real estate/property development despite not paying your bills/being taken to court over other development projects to the point where you build some huge monstrosity of a house that realistically will never get sold for the 500 million asking price.
Maybe in a few years, this guy could consider running for president?
It does put into perspective the whole property thing here, while not as insane as the situation in the US banks are happy to lend BTL investors, for example, on the basis of them already being "successful" landlords, leading to some amature landlords getting out of their depth... whereas joe public faces rigorous checks of financials and deposit requirements.
Anyway, thought the above was interesting enough to share and especially with ref: to the LA times story we should see the result of this car-crash within a couple of months!
Last edited: