It is a theory of mine that Tom Delonge’s interests are getting hit hard. I am not saying this cause I in any way, wish it to be the case, or because I have a so called “beef” with Tom. I am simply looking at the facts.Tom Delonge has been a big fan of buying real Estate apparently. He buys a house, has his wife “fancy up the display” and sells it for profit. However, it may not have been his wife’s talents (or lack there of) that has been allowing him to make profit. It might quite simply be the housing market itself, which saw a huge spike prior to the whole sub-prime debacle. A house that was worth $90,000 in 1999 was worth $250,000 in 2005. That my friends is a good investment and one Tom was able to take full advantage of since he Fell into Millions of dollars after his success with Blink 182.
But now that market has caught up with Tom. He bought his current house for a $5.5 million in 2005 (with the tour money he made in 2004 I am sure) and has attempted to sell it for $6.25 this past year. However with the housing slump it appears that Tom’s house is now only worth about $4.2 million. Ouch! Not such a good investment afterall.
Pehaps if Tom sells more Modlife subscriptions he will be able to cover the lose. So all you kiddies out there be sure to sign up. Tom Delonge really wants your money!
May 24, 2008 at 10:33 am
Great post !
Generally it is very intresting kind of investment, but I think that real estate is loosing it’s price too much.
I own a site with prices for Moscow real estate listings and from the begining of this year it wasn’t grew….
Anyway american real estate is more stabil in this case.
May 25, 2008 at 4:26 am
so how are you coping with your withdrawals of blink online