George Shinn's home

[Patrick]

Since this related more to Shinn and not the Hornets, I thought I'd post this in this forum. Several people have said here that Shinn might've bought his home more as an investment. He paid $385,000 for a home with a market value of $206,000. If he sells it, I bet he loses money. The previous owners paid $140,000 for the house backin 2000, but they completely renovated it.

"George and Denise Shinn bought property at 1224 Marlboro Lane, Nichols Hills Addition, Oklahoma City 73116-6221 for $385,000 from Sandra K. Giasson, Book 9896, Page 1,892."

Here are some pics of his home:

[gqofoklahoma]

I though Shinn would've definately bought a nicer house being a multi millionaire and all?

[Patrick]

Well, if he's going back to NO, like he says, it makes sense not to buy a larger home. This one will be easy to sell when he returns to NO. If he decides to stay here, he can always buy a larger home later.

[gqofoklahoma]

He couldve came to edmond and gotten alot more home for $385,000...in fact I wouldve sold him mine for $385,000

[Patrick]

As I said, he paid way over market value for that house.

How big is your house?

[mranderson]

I though Shinn would've definately bought a nicer house being a multi millionaire and all?

That is a stereotype. Most very wealthy people do not spend money like it was running water. I cite the founder of Wal-Mart, the late Sam Walton. He lived in a very modest house and drove an old pickup that looked like it was held together with duct tape, and dressed like a dirt farmer. He was worth 25 billion dollars when he died. So, just because a wealthy person buys a small home does not mean anything.

My money is STILL on them staying.

[gqofoklahoma]

4600 sq ft

[mranderson]

4600 sq ft

Could you explain the 4600 square feet?

[Karried]

Patrick asked how big ggofoklahoma's house was -

[Doug Loudenback]

You guys. Really. I mean, I know that George Shinn is a public figure and everything, but do we need to be snooping around his house in public?

[windowphobe]

Edward L. Gaylord's house on Dorchester wasn't all that humongous by Nichols Hills standards either.

And you know, I'd rather have a modest house in a great area than a great house in a less-than-wonderful area, but maybe that's just me.

[jbrown84]

That is a stereotype. Most very wealthy people do not spend money like it was running water. I cite the founder of Wal-Mart, the late Sam Walton. He lived in a very modest house and drove an old pickup that looked like it was held together with duct tape, and dressed like a dirt farmer. He was worth 25 billion dollars when he died. So, just because a wealthy person buys a small home does not mean anything.

My money is STILL on them staying.

Mr. Walton was definitely in the minority. Sure not every wealthy person buys a big house and a nice car, but MOST probably do.

[upisgr8]

Another ridiclous waste of bandwidth, I Think you should decide where I should live, I want Bricktown