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ALERT ALERT MJ Neverland News [check post #1 for updates]

yeah vic we dont know its all speculation of course who knows. but with things like this if its gonna get talked about all it will be wil be specualtion and theories.

But to you point, MJ had a mortgage of 24 mil, which Colony bought out this summer. MJ still owed that 24 mil, only to a different entity. At best, with a 35 mil sale, he would only walk away with about 11 mil in a straight sale
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im just saying as specualtion as always. we dont know if mj got 35 mill then from that he has to pay the 24 to colony or colony paid him 35 after taking off 24.so the actual price for the ranch was 59. or amybe colony paid 35 for a % of the place who knows LOL
 
Aside from how the property is valued in america, the rest sounds universal and on point as Victoria explained.

I think elusive in england the tax levied on houses are in proportion to the property value (what they seem to call selling price in the US). and in the US tax on houses are based ona different criteiran altogether negotiated on a more regional level...in away in the UK tax bands and property values are correlated to the area you live in (i.e posh neighbourhood expensive and higher taxes (council etc) and estate/bad area low property values, low taxes)

like vic said I think we have no way of knowing the finances of this transaction merely because we don't know the re financing agreement and as vic explianed refinancing a mortage brings in different numbers to the whole debt equation. The safest we can assume is that the sale allowed Michael to repay his mortgage whilst also keeping margin to himself..money to put in the bank.
 
TeharaMJ said:
Aside from how the property is valued in america, the rest sounds universal and on point as Victoria explained.

I think elusive in england the tax levied on houses are in proportion to the property value (what they seem to call selling price in the US). and in the US tax on houses are based ona different criteiran altogether negotiated on a more regional level...in away in the UK tax bands and property values are correlated to the area you live in (i.e posh neighbourhood expensive and higher taxes (council etc) and estate/bad area low property values, low taxes)

like vic said I think we have no way of knowing the finances of this transaction merely because we don't know the re financing agreement and as vic explianed refinancing a mortage brings in different numbers to the whole debt equation. The safest we can assume is that the sale allowed Michael to repay his mortgage whilst also keeping margin to himself..money to put in the bank.
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Right.

We can only guess. I think what happened is that Michael needed to get out from under the debt of N/L. It was an ongoing expense, in taxes, mortgage payments, paying staff, and so on. Money wasted, in a sense. So whatever he did was probably predicated on having more cash liquidity (money you can actually spend) and less debt. I think this was the motivation, and not a money-making venture. I'm not sure HOW N/L could make money unless the land were subdivided and sold (which would be tragic, IMHO), or it was converted to full-operation agricultural land, in which case it would take years to see a return on the investment. The carnival rides are gone, so I doubt a theme-park or museum was part of the equation.

My hunch tells me he wanted the money in a liquid form so that he could buy other property for himself and his children. But, that is just a hunch. . . .

Victoria
 
how much it was worth is totally different from how much it is worth now.

the developments on the property, pouring cement for the rides in the soil rich for wine devalued the property. so now it's plain and straight acreage....
 
Victoria83 said:
Right.

We can only guess. I think what happened is that Michael needed to get out from under the debt of N/L. It was an ongoing expense, in taxes, mortgage payments, paying staff, and so on. Money wasted, in a sense. So whatever he did was probably predicated on having more cash liquidity (money you can actually spend) and less debt. I think this was the motivation, and not a money-making venture. I'm not sure HOW N/L could make money unless the land were subdivided and sold (which would be tragic, IMHO), or it was converted to full-operation agricultural land, in which case it would take years to see a return on the investment. The carnival rides are gone, so I doubt a theme-park or museum was part of the equation.

My hunch tells me he wanted the money in a liquid form so that he could buy other property for himself and his children. But, that is just a hunch. . . .

Victoria
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that was talked about earlier this yr but i can't remember who said it! Lol take the land, divide it into smaller properties and he'd make a total killing off of it
 
soso deaf said:
that was talked about earlier this yr but i can't remember who said it! Lol take the land, divide it into smaller properties and he'd make a total killing off of it
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Yes, he would. But, the land is worth more than money, as habitat for birds and animals, for natural beauty, and so on. It's obvious that he has a deep feeling for ecology, and I can't imagine that he'd want it to be subdivided, roads put in, and so forth. More likely is someone using the land for grapes, for wine? The climate and soil in that region are perfect for that.

Vic
 
Hey Bee, I meant he has grown emotionally, he seems much more confident in himself and is no longer searching for his childhood, instead he has found it through his own children. The pleasures of childhood he missed out on, he can now live through his own kids. Thats what I meant
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Hmmm, I thought MJ was always grown emotionally, physically, mentally, psychologically, and what not? It is not his issue if the media or fans think that MJ just became a full adult once he sold the estate. However, lets agree to disagree. :)
 
Let me check the thread... hmmmz..... any news.... read read, check check.

Nope, still going in circles....

Contains himself not to go in the circle again....

:tease:
 
The whole Peter Pan thing was too much, lol.
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Word. It went over board. LOL. It took over into something else. There is nothing wrong with Peter Pan, the movie or anything related to it, (I liked the movie and it reminded me of Mike) but Mike took that character way too far. "I am Peter Pan in my heart." Yeah..... Let's just say it, people. I am glad he let it go. LOL. :)

Anyway, continue.
 
Hoofmark said:
Let me check the thread... hmmmz..... any news.... read read, check check.

Nope, still going in circles....

Contains himself not to go in the circle again....

:tease:
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You too, brother? :lol: :D

Man, I feel like that song, "they got me going in circles, around and around I go..." :lol:
 
snowhite said:
but he IS a grown man he always was. I could make an entire essay on this but I don't wanna go off-topic
that's why I love him because he was never afraid of showing his true self...some people make it sound like he's giving up on his entire persona by selling Neverland
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Ain't that kinda weird? Michael Jackson was Michael Jackson before he even thought of purchasing that ranch. People sometimes forget...
 
this was my idea i had for nvland and hopefully ya'll agree wuth me.

Why couldnt they take the carnival and make it available for the public? Proceeds from tickets (say, 50, 55%) could go to charity.

Michael's house couldve been a MUSEUM. Think about that: The Michael Jackson Museum. Some things could be cleaned up, put behind glass, roped off, etc. and the KICKER:

Michael's bedroom would be roped off. Untouched. Leave everything the way it was since that November day. This would be proof of a grown man with a boys heart, torn away from a place that fulfilled his childhood dreams...due to some money-hungry grifters. It should be a reminder that NO ONE should ever have to suffer the monstrosities Michael went through.







But thats just me. :)
 
cuz the things he'd be liable for would be massive.....he'd need permission from the country first, then he'd pay hella taxes, and if people stop going? then what?

as far as land being divided, they can't add a road near there...trust me on that one and as far as wine goes, everyone in that region that was looking at the org. sycamore ranch and the two properties near it (that mj bought and made it as one) as prime wine country placing...the developments he chose and WHERE he chose to build them were on the best plotting lands on the property..i feel it was done on purpose! Lol cuz if he sold it, it wouldn't be ok for growing vinyards there! haha

but it is what it is
 
I cannot say I am surprised because it was only a matter of time. However, I am not saddened by this news because it is a well-known fact that Michael and his family are doing just fine. Ultimately, is not that what truly matters?
 
Hardcastle said:
I cannot say I am surprised because it was only a matter of time. However, I am not saddened by this news because it is a well-known fact that Michael and his family are doing just fine. Ultimately, is not that what truly matters?
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I have to agree with this whole heartedly :yes:
 
rockstar said:
wendy2004 :no: Tinkle Bell is not homeless cause Michael Jackson the grow up he'll find place for me to live :heat: :yes:
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She can only survive in Nevy, hun. :no: Be Cinderella or Snow White or one of those girlies. :lol: They're nicer. :p
 
I think this is a good thing. I think this is a way to begin again for MJ. I hope and pray that his future plans are happy ones....there has been enough sad ones to last a lifetime..
 
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