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Lloyd Blankfein And The "Mega-Wealthy" Are Rushing To Buy Into This $1 Billion Miami Condo

Tyler Durden's picture




 

What do you do if you have more money than you can ever spend, and own residences in most major metropolises around the world. You invest in the most exclusive "third" (or fourth, or fifth) vacation "house" that can be purchased by people for whom money is no object, such as the $1 billion Faena Miami Beach, which has lined up as buyers none other than the creme of the (bailed out courtesy of a multi-trillion ongoing taxpayer bailout) Wall Street crop including Apollo's Leon Black, and of course Goldman's very own resident of a duplex in 15 CPW, Lloyd Blankfein. The Faena oceanfront development for the megarich is financed by another billionaire, chairman of Access Industries, Len Blavatnik, whose $16.1 billion net worth puts him 49th in the Bloomberg Billionaires index.

What is it? Bloomberg covers the bases:

The project will feature an 18-story tower with 47 residences priced at $3 million to $50 million, two luxury hotels and an arts center designed by Pritzker Architecture Prize winner Rem Koolhaas.

 

Faena’s residential tower, designed by Norman Foster’s Foster + Partners, also has attracted New York dealer Larry Gagosian among the buyers, according to the people.

 

Some residences will have 20-foot ceilings to accommodate large artworks, and many buyers requested to install special film in the windows to protect the art from direct sunlight, he said.

 

Anchored by the historic Surf Club, where Winston Churchill came to paint and Frank Sinatra and Elizabeth Taylor came to play, it will include a five-star hotel and two 12-story residential buildings designed by another Pritzker winner, Richard Meier. The Surf Club Hotel & Residences will be Meier’s first project in Miami, he said at a Dec. 5 poolside brunch celebrating the development.

 

The 8-acre (3.2 hectare) project includes more than 800 feet (244 meters) of beach, according to developer Nadim Achi. The 150 units will include nine penthouses, each with a private garden and a swimming pool. Three of the penthouses have sold for prices from $20 million to $25 million, he said.

 

The mega-wealthy are looking for exclusivity, service and design,” Achi said, drinking bottled water at a cabana overlooking the ocean and a giant construction pit. “A lot of buyers who are deciding to make Miami their second or third residence came through Art Basel.”

 

“Miami real estate is on steroids,” said Mera Rubell, a local art collector who attended the Faena dinner. “The fantasy is about the community. But what are the chances all these billionaires will show up at the same time?”

From the building's website:

  • Architecture and interiors designed by Foster+Partners
  • Porte-cochère entrance with travertine paved drive
  • Dramatic 27’ triple height lobby defined by polished black concrete fin walls
  • Floor-to-ceiling window wall systems with wide, custom designed and engineered sliding panels
  • Lobby walls in polished architectural concrete with blackened steel finish on all lobby doors
  • Tranquil pools through the lobby area into the surrounding landscape
  • Lobby and elevator flooring in polished stone
  • Three passenger elevators with interiors in Bendheim glass and Japanese silk paper running at 500 feet per minute
  • Dedicated service elevator running at 350 feet per minute

Interior Features

  • Atlantic Ocean, bay and city panoramas through floor-to-ceiling glass
  • Private or semi-private elevator vestibules
  • Service entrances in 2 to 5 bedroom homes
  • 10?-6? Ceiling Heights, 11?  or 13? in Penthouses
  • Entry foyers with stone flooring and teak entry doors
  • Master bathrooms with double sink vanities, separate bathtubs and glass showers
  • Morning Kitchens in master bedrooms of all penthouses
  • Laundry Rooms with full sized side-by-side washer and dryers in most residences
  • Choice of flooring: White Venetian Terrazzo or 8? Light White Oak
  • Fan coil system with multiple zones to maintain better temperature and humidity control
  • Integrated motorized blinds in dual tone fabric throughout residences
  • Trapex door handles designed by Foster+Partners
  • Trufig flush-mounted electric fixtures
  • Optional Staff Quarters

Grand Scale

  • Interiors range from 1,307 to 4,730 sq ft (121.4 to 439.4 sq m)
  • Aleros range from 420 to 1,516 sq ft (39.0 to 140.8 sq m)
  • Half floor Penthouses range from 4,243 to 6,399 sq ft (394.2 to 594.5 sq m)
  • Half floor Aleros range from 2,727 to 3,887 sq ft (253 to 361 sq m)

Penthouse Features

  • Total Living 18,253 sq ft (1695.8 sq m)
  • Indoor 8,273 sq ft (768.6 sq m)
  • Alero 7,299 sq ft (678.1 sq m)
  • Private Rooftop with pool 2,681 sq ft (249.1 sq m)

And the punchline from none other than Blavatnik, wearing his best salesman outfit:

“I remind you, there are very few apartments left,” he told the crowd from a stage. “Hurry.”

Hurry indeed, before the music stops, the Fed's liquidity tide recedes, and people start asking questions.

In the meantime, this is what Lloyd and company will buy with the Fed's "wealth effect."

 

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Mon, 12/09/2013 - 19:46 | 4230927 One And Only
One And Only's picture

A fucking condo?

A billion dollars and a fucking condo? I hope a homeless man sneaks in and cums on you.

Mon, 12/09/2013 - 19:50 | 4230946 The Alarmist
The Alarmist's picture

A340

Mon, 12/09/2013 - 19:58 | 4230984 idea_hamster
idea_hamster's picture

The thing to keep in mind with Florida real estate (for the wealthy) is that once you establish FL residency, if you wind up in personal bankruptcy, it happens in FL under FL property rules.

One of those rules was (the last time I checked) that no matter how much you owe, you can always keep one “homestead” – a residence of any value.

That means that by owning this condo (if it’s your primary residence) even if you lose everything else, you can exit Chapter 7 with a cool billion in assets.

 

“Hey – Mortimer – we’re back!”

Mon, 12/09/2013 - 20:01 | 4230997 Bananamerican
Bananamerican's picture

"Torpedo, LOS!"

Mon, 12/09/2013 - 20:59 | 4231199 Occident Mortal
Occident Mortal's picture

This doesn't impress me it's hardly the Palace of Versailles.

Mon, 12/09/2013 - 22:30 | 4231407 N57Mike
N57Mike's picture

Florida has the trifecta ...no personal income tax, no estate tax and liberal bankruptcy protection yes you can shield your homestead in bankruptcy ... These laws are a holdover from the pioneer days when we were trying to attract people to come and establish residency

Mon, 12/09/2013 - 23:00 | 4231461 wintermute
wintermute's picture

Global warming will have that sucker under water soon enough,

 

Mon, 12/09/2013 - 23:13 | 4231479 FEDbuster
FEDbuster's picture

Are the glass walls bulletproof?

Tue, 12/10/2013 - 00:55 | 4231569 TruthInSunshine
TruthInSunshine's picture

If they're accepting payment in bitcoin, I'm in for the Penthouse unit, and I'll buy a parking space for my bitcoin paid-for Tesla S, too.

Oh, I almost forgot, I would like a British Butler named Jeeves who is of the utmost refinement, and who accepts bitcoin as his wage.

Tue, 12/10/2013 - 02:49 | 4231696 EscapingProgress
EscapingProgress's picture

That condo is disgusting.

Mon, 12/09/2013 - 23:36 | 4231519 DoChenRollingBearing
DoChenRollingBearing's picture

 @ Occident Mortal

Does not impress me either for billionaires.  

One thing we've learned about condo living is that when rich guys want to drill and make other construction noise, all that noise can drive you out of your mind!

And each billionaire will want it his way...  "No!  I want the stairway like THIS!"  "I don't like those tiles, take 'em out!"  Drill baby, drill.  Wake up everybody else, mofos, shake the whole building...

It will serve them right when the guy who buys the penthouse ruins life for the other billionaires for 6 months, ha ha ha!

Mon, 12/09/2013 - 20:11 | 4231004 Chupacabra-322
Chupacabra-322's picture

You're absolutely right as I live in South Miami Dade FL. Why do you suppose OJ Simpson resided here as well as other Criminals?

Is it ever a wonder the Criminals have "Drilled" in Downtown Miami. Headquarters of the Criminal Banksters.

Miami-Dade County seems to have become a staging ground in preparation of a militarized police state. The latest event was reported on by The Miami-Herald when a scene right out of the movie Conspiracy Theory led residents to start Tweeting about “pitch black” military helicopters dropping men onto buildings, including the Bank of America building, beginning around 9:15 p.m. as witnessed in the video below:

http://www.infowars.com/video-homeland-security-black-helicopters-in-dri...

Mon, 12/09/2013 - 20:29 | 4231110 dick cheneys ghost
dick cheneys ghost's picture

In Tel Aviv, one can live right on Rothschilds Blvd........imagine that

http://www.dailymail.co.uk/news/article-2513261/Tel-Avivs-luxurious-Meie...

''The Rothschild family descends from Mayer Amschel Rothschild - a court Jew to the Landgraves of Hesse-Kassel who began his banking business in the 1760s.

Rothschild established an international banking dynasty through his five sons, and eventually made the family one of the most powerful of the era.

Many of the family have been elevated to members of nobility, especially in Austria.

During the 19th century the Rothschild family was believed to have the largest private fortune in the world.''

~~~

Mon, 12/09/2013 - 20:34 | 4231128 Pladizow
Pladizow's picture

OJ chose Fl because annuities are creditor protected by statute.

Also, the black hawk helicopter drills occurred in several other states, including texas - FEMA Bitches!

Mon, 12/09/2013 - 20:49 | 4231162 SafelyGraze
SafelyGraze's picture

a duplex?

a DUPLEX!!!

hahahahaha

loyd loyd loyd

eveyrbody on wallst is laughing

not laughing at you though .. just laughing at the situation

DUPLEX!!!!

http://en.wikipedia.org/wiki/Polish_flat

 

Mon, 12/09/2013 - 23:38 | 4231520 my_nym
my_nym's picture

Leave it to people that literally seem to be Luciferians to try to play god with the root of all evil after the sacred six million died in a sacrifice/holocaust made by the fires in which a "right of return" was forged.

They have a street named after them?  Cute. 

Tue, 12/10/2013 - 07:38 | 4231832 matrix2012
matrix2012's picture

The Federal Reserve Cartel: The Eight Families

By Dean Henderson


(Part One of a Five-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation - founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

[...]

LEFT HOOK by Dean Henderson

Mon, 12/09/2013 - 21:13 | 4231236 Handful of Dust
Handful of Dust's picture

Unless Juston Beeper lives there, I'm not impressed.

Mon, 12/09/2013 - 23:13 | 4231483 FEDbuster
FEDbuster's picture

He and Lady Gaga are splitting a two bedroom.

Mon, 12/09/2013 - 21:47 | 4231305 Tim_
Tim_'s picture

U.S. Army drills in Texas City, La Marque (February 13, 2013)

"'This is an Army exercise to test their equipment,' La Marque Police Chief Randall Aragon said. 'The area resembles a theater of operation they might be using. We want the community to understand that if they see a helicopter flying over their rooftops in this area, to not be alarmed.'"

"Army spokesman Larry Jackson said the operation would not disrupt the day-to-day activities of residents."

"'We pose no threat to the public,' Jackson said. 'Let me be clear that this isn't urban assault training. We are a small group of folks, doing some activities.'"

"Jackson declined to say what type of training would be involved in the operation."

Army drill scares residents on Houston's south side (January 28, 2013)

"The sight of Army helicopters and the sound of gunfire created a lot of concern Monday afternoon in one Houston neighborhood."

"The U.S. Army along with other agencies took over the old Carnegie Vanguard High School near Scott and Airport. There were armed men in fatigues, plenty of weapons and what many thought were real live rounds."

"I felt like I was in a warzone.' Jerrals said. 'It was nonstop. I was terrified.'"

KTRK-TV in Houston, Texas

Raw Footage

Don’t mind the helicopters, it’s just practice, Miami-Dade police say (January 21, 2013)

"Miami-Dade police sent out a warning Monday that multiple police agencies would be providing support for a joint military training exercise somewhere over Miami and elsewhere in the county. The exercise will include the use of military helicopters."

WSVN-TV in Miami, Florida

Raw Footage

WSVN-TV in Coconut Grove, FL (May 8, 2012)

"A joint drill between military and police in South Florida involving troops storming a building in the middle of the night was characterized by local media coverage not as a frightening example of how Americans are being acclimatized to accept a state of martial law but as a 'cool tourist story'."

"Panic-stricken residents in Coconut Grove were awoken at 1am to the sound of simulated gunfire and explosions as military helicopters hovered over buildings and dispatched troops to the ground."

Footage

Secret military maneuvers OK'd by Little Rock, Arkansas mayor (November 20, 2011)

"Kathy—-the military exercise last night was a training exercise for the same military unit that captured and killed Osama Bin Laden. These type of missions are critical which is why we agreed to participate at the military's request. The owner of the old VA hospital also agreed."

"Navy Seal operations over the old VA hospital on Roosevelt Road? I don't know if this included activities beyond hovering, such as dropping down by ropes to objectives on the ground. Anybody who spotted this is invited to report. Is it unreasonable to think that military operations over populated neighborhoods — even by top-secret military units — might cause a little concern to a populace not informed such was underway? When last we checked, the old VA was owned by a controversial evangelist Bill Gothard, who ran the Institute for Basic Life Principles there. It was described as a prison training program."

Memorandum for Little Rock, AK Police Department

Military Training Exercises to Take Place In and Around Boston (July 25, 2011)

"Joint federal military training exercises will take place within and around the Boston area between July 26th and August 5th."

Military buzzes Boston buildings (August 4, 2011)

"Military helicopters flying low over the city last night were part of an ongoing training exercise, officials said. The choppers were taking part in Special Operations Command training when they buzzed between building tops with lights out around the Financial District between 9 p.m. and 11:10 p.m., said military public affairs officer Kim Tiscione."

Raw Footage (August 3, 2011)

Military helicopter exercise startles downtown Brickell residents (April 20, 2011)

"Residents in the neighborhood saw and heard several military-style, 'pitch-black' helicopters flying around and hovering on top of Brickell buildings Tuesday night and early Wednesday morning. Turns out that it was a training exercise by Miami-Dade police's SE Regional Domestic Security Task Force. In other words, a Homeland Security operation, that few other authorities apparently knew about, including the U.S. Coast Guard."

"It all began about 9:15 p.m. Tuesday, when at least three large Black Hawk-like choppers landed in a parking lot of the Adrienne Arsht Center for the Performing Arts on Biscayne Boulevard and 14th Street. The choppers then charged over the Brickell and Miami river area. Men who appeared to be SWAT team members were also seen taking part in the exercise."

"A Miami police spokesman said the helicopters were conducting an 'operational' training drill. He was not allowed to comment on details of the drill."

Raw Footage

Tue, 12/10/2013 - 11:07 | 4232411 Diogenes
Diogenes's picture

Not so "top secret" now are they? If they get away with this there is no limit to what they can do to you... O ya that's what I said when they started groping your wives and chilldren in airports and ordered so called free Americans to shelter in place in Boston.

In a minute some airhead will come along and start talking about how Americans will rise in their might when  TSHTF, never noticing the smell that has pervaded the air since 9/11.

Mon, 12/09/2013 - 20:04 | 4231007 Xibalba
Xibalba's picture

I hope it washes away in the next hurricane season

Mon, 12/09/2013 - 21:18 | 4231251 willwork4food
willwork4food's picture

If they chose to redevelop then it would be great for the construction crew. But it would add to construction products inflation which is tied into just about everything.

Mon, 12/09/2013 - 21:37 | 4231286 Wahooo
Wahooo's picture

Just post about 1,000 flyers in Miami saying this is where you should go for free SNAP cards, obamaphones, and Kobe Prelude Vs on January 1. That'll fuck em up for good.

Mon, 12/09/2013 - 20:21 | 4231060 krispkritter
krispkritter's picture

Yep.  Remember Bilzerian?  I had a friend who replastered his walls after they knocked a hole in a couple to drive his cars inside the house to keep them away from the IRS, etc.  They ultimately got to him via the wife but not sure how it all worked out.  Where there's a Will, there's a way.  http://www.sptimes.com/2006/04/14/Hillsborough/Bilzerian_mansion_sta.shtml  Also, as a 'head of household' your wages cannot be attached to the point of losing everything.  Florida does have some advantages.  I just wish I could buy alloidal title to my 'bit of heaven'.

Mon, 12/09/2013 - 20:36 | 4231135 Pladizow
Pladizow's picture

allodial title is a modern day myth!

Mon, 12/09/2013 - 20:49 | 4231163 Things that go bump
Things that go bump's picture

Yah, that's what the very small, very old man in a very big car said when he hit my uncle and put him in a wheelchair.

Mon, 12/09/2013 - 21:08 | 4231228 frankTHE COIN
frankTHE COIN's picture

I think they are saying the Total value of the building is 1 billion once you add up all the individual condo's.
I think 15 Central Park West was worth $ 1. 6 billion.

Mon, 12/09/2013 - 21:10 | 4231233 thesoothsayer
thesoothsayer's picture

Federal law now has a lookback period of a little over 4 years, and only like $500,000 per couple is protected.  Must be in the property over 44 months or something like that before it is fully protected.

Tue, 12/10/2013 - 02:41 | 4231688 Idiocracy
Idiocracy's picture

billion is the whole condo value, not the individual residence within.  Max 50 million

Mon, 12/09/2013 - 19:58 | 4230987 unrulian
unrulian's picture

the only way to fix it is to flush it all away.....

http://www.youtube.com/watch?v=E8vmaj75xzE

Mon, 12/09/2013 - 20:17 | 4231054 Overfed
Overfed's picture

Cumbre Vieja, bitchez!!

Tue, 12/10/2013 - 03:36 | 4231725 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1000 feet!

Mon, 12/09/2013 - 19:59 | 4230990 FL_Conservative
FL_Conservative's picture

I'm glad its going to someone who could really use it.  Would hate to see the fucker destitute.

Mon, 12/09/2013 - 23:39 | 4231525 ZH Snob
ZH Snob's picture

where's a good tsunami when you need one?

Mon, 12/09/2013 - 20:13 | 4230950 sunaJ
sunaJ's picture

While ownership of said condo may indicate that you are in "the club," you still have to pay the goddammned million $ monthly HOA fee. 

The things you own end up owning you.  Here is a property development that demonstrates our wholly-owned political process by those who have benefited from it.  You cannot expect such owned souls to have any sort of concern about what suffering their way of life may cause, or what is in the best interest of a nation.  And the band played on...

 

Mon, 12/09/2013 - 20:19 | 4231058 FeralSerf
FeralSerf's picture

No problemo. The taxpayers, savers and pensioners will pick up the tabs for the HOA just as they are paying (through the nose) for these white elephants.

These are the REAL welfare recipients in America.

Mon, 12/09/2013 - 19:53 | 4230951 NFisher
NFisher's picture

Are you reading it or just want to be first to post? shit.

Mon, 12/09/2013 - 19:56 | 4230961 Joe Sixpack
Joe Sixpack's picture
Recent observations in the universe have changed even mainstream cosmologists view of our universe and our place in it. This is for real, and things are changing very fast. Here are some quotes from just the movie trailer:

 "There is a crisis in cosmology..."
Michio Kaku

"It's an exciting time in cosmology, because everything has changed..."
Lawrence Krauss

"Life is extremely rare, ..., we are in fact the only life in our entire universe and I actually think we are very significant..."
Max Tegmark


Ultimate questions about our place in the universe are addressed by the leading cosmologists in the world (e.g., Michio Kaku, Lawrence Krauss, Max Tegmark, George F. R. Ellis, and many more), and the answers they give will absolutely blow you away. Here is the link: http://www.facebook.com/theprinciplemovie or http://youtu.be/p8cBvMCucTg
Kate Mulgrew (former “Captain Janeway” on Star Trek Voyager, and a four-decade veteran of stage and screen) is our narrator. Graphics were created by BUF Compagnie of Paris (winner of the Academy Award in 2012 for “Best Visual Effects” in the movie Life of Pi) Music is by Richard Robson Remix (nominated for an award in 2006), with the singer-sensation, JES, singing our original theme song, “Sky Stand Still.”
Mon, 12/09/2013 - 19:56 | 4230978 ironmace
ironmace's picture

I wish I could up arrow 100. I was thinking the same thing.

 

only not the homeless cum part.

Mon, 12/09/2013 - 20:07 | 4231020 Grande Tetons
Grande Tetons's picture

I think the homeless cum part added a certain nuance and flare that is rarely delivered in modern prose.  

Two palms up! Way up! 

Mon, 12/09/2013 - 23:02 | 4231466 wintermute
wintermute's picture

..also delivered with homeless fromage frais!

Mon, 12/09/2013 - 20:19 | 4231055 markar
markar's picture

I think the$ billion is the price tag for the whole project. Didn't see any 1 unit going for more than $50mil--obscene enough tho.

Mon, 12/09/2013 - 20:59 | 4231189 Things that go bump
Things that go bump's picture

Imagine how awful it will be to own one of those $50mil units and have to share your beach and other amenities with some riff raff who could only afford a $3mil unit.

Mon, 12/09/2013 - 20:58 | 4231190 Things that go bump
Things that go bump's picture

Opps

Mon, 12/09/2013 - 21:14 | 4231241 frankTHE COIN
frankTHE COIN's picture

I agree with you.

Mon, 12/09/2013 - 20:19 | 4231064 Nothing but the...
Nothing but the truth.'s picture

Fuck all those bankers and their excessive money and conspicuous fucking consumption. Their days of TBTF are coming to an end.

Mon, 12/09/2013 - 20:19 | 4231065 putaipan
putaipan's picture

calling henry george .....

Mon, 12/09/2013 - 20:49 | 4231166 rubiconsolutions
rubiconsolutions's picture

Gordon Gecko -

"The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.

And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

[Not to mention, greed will buy a really bitchin' condo in Miami]



Mon, 12/09/2013 - 23:02 | 4231464 Jumbotron
Jumbotron's picture

This can't come soon enough.......

https://www.youtube.com/watch?v=VNtsVP42bOE

Mon, 12/09/2013 - 19:49 | 4230931 Rainman
Rainman's picture

They better barricade it big time...I see South Africa in their future.

Mon, 12/09/2013 - 19:58 | 4230981 kito
kito's picture

rainman forget miami. thats for the one percenters. i hear simon black is working on a south african utopian project. you can buy a one room (special rates apply for newsletter customers) home with double reinforced 30 foot walls, electric barbed wire fencing, guard dog included. act now AND he will throw in a one ounce krugerrand!!!! all for $300,000. cheap!!! why prepare for hell in the u.s. with overpriced condos when you can live safely in the hell that is south africa!!!!!????

 

p.s. if you bargain hard enough, simon may throw you some chilean inflation protection bonds.

Mon, 12/09/2013 - 22:53 | 4231450 disabledvet
disabledvet's picture

"an exceptional thief" indeed. http://www.youtube.com/watch?v=i7byxU-18YE

Mon, 12/09/2013 - 20:25 | 4231087 DosZap
DosZap's picture

Wait till the FIRST major strom they cannot get away fromm, 25 stories will roll  over like a chep hooooooooooooooker.

Mon, 12/09/2013 - 20:33 | 4231127 Lead Balloon
Lead Balloon's picture

My experience is that for the hooker to roll over, it costs more...

Mon, 12/09/2013 - 22:19 | 4231382 Blano
Blano's picture

One side is just as good as the other.

Mon, 12/09/2013 - 20:03 | 4230941 Kreditanstalt
Kreditanstalt's picture

No objection provided they actually EARNED the money through risk-taking, perspicacity, taking legitimate advantage of asymmetries in information, or even insider information - without government favoritism.

Unfortunately...

Mon, 12/09/2013 - 20:22 | 4231077 FeralSerf
FeralSerf's picture

They got it (earned is not the appropriate word) through risk-taking. The problem is there was no risk for THEM. The taxpayers and the savers assumed the risk. They just got the profits.

Mon, 12/09/2013 - 23:06 | 4231472 disabledvet
disabledvet's picture

"they got a cut of those profits" actually. name of the game..."pay yourself...first and always." can't fault them for winning. as if any of the rest of us ever had a chance. "now get in there big boy and make yer fortune!"

Mon, 12/09/2013 - 19:52 | 4230943 Grande Tetons
Grande Tetons's picture

Building their castles upon sand built upon their crimes.  Fitting. 

Mon, 12/09/2013 - 20:10 | 4230948 krispkritter
krispkritter's picture

The 'fantasy' is that these towers of Babel will protect the well-heeled when the FSA decides "We're a movin' on uuuup, tooo the east side. To a deeeluxe apartment in the sky-y-y-y...".  They'll either get burned in the RE crash or the fiat crash.  I'll stick closer to ground level.  It would be nice to pee in an endless pool just to see if the horizon turns yellow...like gold.

Mon, 12/09/2013 - 20:24 | 4231085 therover
therover's picture

They will get burned when the RPG's start heading their way. 

Mon, 12/09/2013 - 23:54 | 4231539 my_nym
my_nym's picture

The 'fantasy' is that these towers of Babel will protect the well-heeled when the FSA decides...

That's your own fantasy.  The old pyramid schemes that litter the world stand as monuments to the ignorance of the "Liberty is hard and scary, so take us back to Egypt to work as slaves more."/FSA that built them.

 

Mon, 12/09/2013 - 19:53 | 4230952 grunk
grunk's picture

Not many escape routes.

Mon, 12/09/2013 - 22:17 | 4231369 WOAR
WOAR's picture

"Jump you fuckers!"

Mon, 12/09/2013 - 19:54 | 4230955 TradingTroll
TradingTroll's picture

And after spending $1 billion, industrial chemicals and 250 isotopes from Fukushima are STILL in the air, water and food, killing people from the inside out REGARDLESS OF NET WORTH.

Mon, 12/09/2013 - 19:52 | 4230956 Super Broccoli
Super Broccoli's picture

25 ml to live in a condo in retard-retired city ? woooooch, a 25th of that would pay you a villa on a lovely beach offshore ie : the bahamas ... where the is no mob to hang you when things get dirty

Mon, 12/09/2013 - 20:01 | 4230999 ThisIsBob
ThisIsBob's picture

Worst thing is that your neighbors are assholes.

Mon, 12/09/2013 - 20:24 | 4231076 Zero Point
Zero Point's picture

Which would make you a cu..

Mon, 12/09/2013 - 20:25 | 4231082 FeralSerf
FeralSerf's picture

Birds of a feather . . .

Mon, 12/09/2013 - 19:56 | 4230967 wackydog
wackydog's picture

Florida hasn't had a big storm since Andrew...

Mon, 12/09/2013 - 20:09 | 4231032 kito
kito's picture

dont worry wackydog, if the condo blows away, TARP is covering it.

Tue, 12/10/2013 - 09:35 | 4231946 mvsjcl
mvsjcl's picture

The people in Punta Gorda might argue against that.

Mon, 12/09/2013 - 20:21 | 4230970 michael_engineer
michael_engineer's picture

They will have a front row seat when La Palma slips a face.

 

It will look a lot like this scene from Deep Impact :

http://www.youtube.com/watch?v=VNtsVP42bOE

Or this real wave :

http://www.youtube.com/watch?v=9tgd8_rFUO4

But this video of the tsunami up a river channel can put you in awe at the speed and power possible when you are not even right at the ocean :

http://www.youtube.com/watch?v=ceym2c18OQM&list=PL9qexgflOmZ6XP_8LbUGpMb...

Mon, 12/09/2013 - 20:00 | 4230972 spastic_colon
spastic_colon's picture

big whoop.....don't forget that real estate is exempt from the anti-money laudering rules as mentioned many times on ZH

 

plus...you're just a guurrlly beelionaire unless you can afford the penthouse.

Mon, 12/09/2013 - 19:58 | 4230980 Hongcha
Hongcha's picture

LOL sounds pretty sweet to me but geez, after you are past a certain age don't you just feel a little vain strutting about in such a place?  Old sagging, ugly body no matter what you dress it in.  I guess you can pay a $10,000 or $100,000 hooker to pretend you're a young movie star. 

Would you not be more concerned with sharing the bounty you have accumulated.  How much more, how much more.

These folks don't have anything I want. 

Mon, 12/09/2013 - 20:03 | 4231000 spastic_colon
spastic_colon's picture

+1 lol my kids tell me if I buy a harley, a convertible, a porsche etc that they'll disown me cuz i'll embarrass myself....and they're right, my narcissim (sp) is fading with age.

Mon, 12/09/2013 - 20:06 | 4231021 Bananamerican
Bananamerican's picture

yup. There's "Fuck You" money and then there's "Fuck God", Luciferian money....

...lookin' at you, Lloyd Blankfiend

Mon, 12/09/2013 - 20:00 | 4230992 I need Another Beer
I need Another Beer's picture

Aaahhh  the good life !! I can't say as i blame them as I would do the same. Except I would require a fishing boat, mud track for the boys, place to skin hogs and such , permanent fire pit and a place to shoot for beer. You betcha !!

Mon, 12/09/2013 - 20:05 | 4231009 grunk
grunk's picture

I think you need to go a few miles inland for those amenities.

Mon, 12/09/2013 - 20:49 | 4231169 alien-IQ
alien-IQ's picture

Doesn't shooting beer make it undrinkable? Seems like a terrible waste of a perfectly good alcoholic beverage.

Tue, 12/10/2013 - 02:03 | 4231644 James
James's picture

Hey I Need, This Fl. property would suit you fine........

http://holopawlandforsale.webs.com/

Mon, 12/09/2013 - 20:00 | 4230993 alien-IQ
alien-IQ's picture

South Beach used to be a great place for young poor artists (back in the late 80's early 90's). Now it's become the Disneyland of pretentious hedonists. Really awful.

On the bright side, it's WAY overdue for a direct hit from a category 5 hurricane. So we can at least look forward to that.

Mon, 12/09/2013 - 20:03 | 4230998 toady
toady's picture

Good to see the POMO is working for someone.

Mon, 12/09/2013 - 20:02 | 4231002 cougar_w
cougar_w's picture

$> dronethefucker --config

#>set-secondary-target=15/CPW.Faena/ Miami/ Beach;

#>set-primary-target=Lloyd/ Blankfein;

#>set-payload=10mt+airburst+daisycutting;

#>:save:exit

$> dronethefucker --launch

#>confirm? _

Mon, 12/09/2013 - 20:17 | 4231050 Colonel Klink
Colonel Klink's picture

Y <enter>

Mon, 12/09/2013 - 22:19 | 4231376 Blano
Blano's picture

I don't know squat about code and that still made me laugh.

#>reload;

Tue, 12/10/2013 - 00:11 | 4231560 MsCreant
MsCreant's picture

<p>Confirm</p>

Mon, 12/09/2013 - 20:10 | 4231011 Crack Daddy
Crack Daddy's picture

Anybody who is wealthy enough to buy a single family home and volunteers to own a condominium is nuts.  Florida does not give you any protections as an owner when you buy a condominium.   The impact glass in these new buildings has never been tested by a full Cat 5 hurricane and the oceanfront  concrete corrodes as soon as they are finished.   I wouldn't recommend people stay in Miami Beach hotels either.  Theft city.  All over the Internet. 

Mon, 12/09/2013 - 20:05 | 4231013 RaceToTheBottom
RaceToTheBottom's picture

Save on drones.  Wait until they are all there, like new years and then drone the place.

Mon, 12/09/2013 - 20:04 | 4231014 chump666
chump666's picture

horrible steel and glass porous dump. 

Mon, 12/09/2013 - 20:06 | 4231018 Son of Captain Nemo
Son of Captain Nemo's picture

Wouldn't be at all surprised if it doesn't also have proximity or a shuttle to this place that goes undergound "in case of an emergency". 

 

Mon, 12/09/2013 - 20:09 | 4231025 Colonel Klink
Colonel Klink's picture

The terrists flew into the wrong towers!

Mon, 12/09/2013 - 20:28 | 4231096 FeralSerf
FeralSerf's picture

The REAL terrists will be MOVING into these towers.

Mon, 12/09/2013 - 20:09 | 4231028 I am Jobe
I am Jobe's picture

PYRAMIDS in Amerika

 

Mon, 12/09/2013 - 20:09 | 4231031 I am Jobe
I am Jobe's picture

It's for the Children. The Children. It is all about the schools 

 

Mon, 12/09/2013 - 20:11 | 4231034 AurorusBorealus
AurorusBorealus's picture

How many more Versailles will be built before the peasant mob arrives?

Mon, 12/09/2013 - 20:13 | 4231042 Ned Zeppelin
Ned Zeppelin's picture

Would you want those people as neighbors? Bunch of tasteless low-rents with money.

No thanks.

Tue, 12/10/2013 - 00:06 | 4231557 MsCreant
MsCreant's picture

Great to see you posting Ned.

For fucking real. You know they are nothing but troublesome bastards. 

The truth is, I suspect you and I could not comprehend their sociopathic everyday standard culture. They would be aliens to us. They would piss us off deeply even if we did not know exactly who they were. 

Tue, 12/10/2013 - 02:56 | 4231700 bunnyswanson
bunnyswanson's picture

Once a thief, always a thief as mother once said.

Mon, 12/09/2013 - 20:12 | 4231046 pauhana
pauhana's picture

One man's ceiling is still another man's floor.

Mon, 12/09/2013 - 20:22 | 4231067 Quus Ant
Quus Ant's picture

Was that deep thought addressed to Fonestar?

Mon, 12/09/2013 - 20:21 | 4231049 Tinky
Tinky's picture

Doesn't this pretty much assure that Miami will be hit by a category five hurricane in the next couple of years?

Mon, 12/09/2013 - 20:21 | 4231068 Laughing Stock
Laughing Stock's picture

Let me try and guess what these three stooges and almost every other person mentioned in the article has in common?

 

Leon Black

Lloyd Blankfein

Len Blavatnik

Mon, 12/09/2013 - 20:30 | 4231101 Meat Hammer
Meat Hammer's picture

The new LBJ and the J don't stand fo' Johnson.

Free Francis Sawyer

Mon, 12/09/2013 - 22:43 | 4231283 JuicedGamma
JuicedGamma's picture

.

Mon, 12/09/2013 - 20:21 | 4231070 whoopsing
whoopsing's picture

Twenty five million for the penthouse and the wife will come in and totally redo the place for only another twelve million.

Mon, 12/09/2013 - 20:26 | 4231091 Meat Hammer
Meat Hammer's picture

First the floating city for the .01% and now this?  Talk about a target-rich environment.

Mon, 12/09/2013 - 20:28 | 4231104 loveyajimbo
loveyajimbo's picture

One round of 10mm Doubletap costs around $1.50   I guess that is neither here nor there.

Tue, 12/10/2013 - 00:53 | 4231593 10mm
10mm's picture

Forget Double Crap. UnderWood Ammo is the real deal at much better prices and actual ballistics. What they produce is what you get in 10mm.

www.underwoodammo.com

Mon, 12/09/2013 - 20:31 | 4231114 1stepcloser
1stepcloser's picture

All that to watch pelicans fly?

http://www.youtube.com/watch?v=YE8nCNLylEM

Mon, 12/09/2013 - 20:31 | 4231121 no more banksters
no more banksters's picture

Neoliberal dictatorship responsible for the growing inequality in Greece
The destructive applied policies lead to an impoverished society while enhancing plutocracy
Spain is in the first place, another country of the eurozone periphery which suffers from the destructive neoliberal policies

http://failedevolution.blogspot.gr/2013/12/neoliberal-dictatorship-respo...

Mon, 12/09/2013 - 20:35 | 4231139 eddiebe
eddiebe's picture

It's kinda nice to know all these fucks are in one place.

Mon, 12/09/2013 - 20:38 | 4231149 djsmps
djsmps's picture

Is there a big swastika on the side of the building?

Tue, 12/10/2013 - 09:00 | 4231902 Vendetta
Vendetta's picture

with 12 stars of David surrounding it.  Yep that's it.

Mon, 12/09/2013 - 20:46 | 4231157 fijisailor
fijisailor's picture

Waste of money.  For people with no idea how to live.  I've lived better on a 30' sailboat anchored at an island these jackasses never dreamed of.

Mon, 12/09/2013 - 20:55 | 4231185 logicalman
logicalman's picture

If the evil shits are all concentrated in one place it will save time when TSHTF

One Guillotine in the parking lot and plenty of paper towels.

Hope they go for it!

Mon, 12/09/2013 - 20:58 | 4231188 toady
toady's picture

What a shithole!

Mon, 12/09/2013 - 21:05 | 4231213 Downtoolong
Downtoolong's picture

“Miami real estate is on steroids,” said Mera Rubell

Why do people who use this tired old cliché when talking about real estate always sound like they’re on crack?

Oh, yea.

Tue, 12/10/2013 - 05:46 | 4231793 Parrotile
Parrotile's picture

Depends on the 'roid, and what it's being used for. Pred and Dex are almost always bad news (especially Dex - tends to be popular with Oncology for reducing intracranial pressure resulting from tumour spread . . . . .)

So, maybe the "It is on steroids" is more an indication of terminal decline, with approaching need for palliation??

Mon, 12/09/2013 - 21:26 | 4231264 Clowns on Acid
Clowns on Acid's picture

You have to Hurry ! But you won't be late....

Mon, 12/09/2013 - 21:34 | 4231282 JuicedGamma
JuicedGamma's picture

Yawn. miami ugh!

 

Mon, 12/09/2013 - 21:40 | 4231289 joego1
joego1's picture

Well we have one spot to look for him when the shtf.

Mon, 12/09/2013 - 21:45 | 4231292 Emergency Ward
Emergency Ward's picture

Wow, the Obamas will have a new vacation pad.

Mon, 12/09/2013 - 21:43 | 4231300 Lokking4AnEdge
Lokking4AnEdge's picture

From the airport they will have to drive through Hialiah to reach the building...you NEVER want to drive through Hialiah any time of the day or night.....good luck!

Mon, 12/09/2013 - 21:51 | 4231313 Fix It Again Timmy
Fix It Again Timmy's picture

Sorry Fucks.....

Mon, 12/09/2013 - 22:22 | 4231392 jim249
jim249's picture

I am proud to be a tax payer.

Mon, 12/09/2013 - 22:37 | 4231418 TaperProof
TaperProof's picture

I'd love to take a shit in that bathroom, I could tell my grand kids about it one day

Mon, 12/09/2013 - 23:56 | 4231542 Yes_Questions
Yes_Questions's picture

 

 

Good, moar shit for that colostomy bag, S. Florida.

 

 

Tue, 12/10/2013 - 00:13 | 4231549 MsCreant
MsCreant's picture

"an arts center designed by Pritzker Architecture Prize winner Rem Koolhaas"

Ream Cool Ass? Is that how you say it?

Tue, 12/10/2013 - 00:02 | 4231555 ramacers
ramacers's picture

can anyone give me a good reason why the lloyd blankfeins of the world don't need tp lose their heads?

Tue, 12/10/2013 - 07:58 | 4231855 hangemhigh77
hangemhigh77's picture

There is only one person that could give you a reason, Lloyd fuckfein himself. Hopefully his head will be off when he tries.

Tue, 12/10/2013 - 00:32 | 4231574 Dr. Engali
Dr. Engali's picture

The reset is long over due.

Tue, 12/10/2013 - 00:52 | 4231592 lasvegaspersona
lasvegaspersona's picture

Get those specks off my beach...damn it now

Tue, 12/10/2013 - 01:40 | 4231625 Notarocketscientist
Notarocketscientist's picture

oooh ---- ahhhh...  someomne should paint a bulls eye on that thing

Tue, 12/10/2013 - 04:50 | 4231771 NuYawkFrankie
NuYawkFrankie's picture

Miami - Not just for Shark Hunting anymore.

Tue, 12/10/2013 - 05:50 | 4231796 BringOnTheAsteroid
BringOnTheAsteroid's picture

Looks like a clear shot from the beach. What's not to like about it.

Tue, 12/10/2013 - 05:57 | 4231797 Skyebird
Skyebird's picture

Come the revolution...

Tue, 12/10/2013 - 06:40 | 4231810 USisCorrupt
USisCorrupt's picture

Where is a Hurricane when you need one?

Tue, 12/10/2013 - 07:06 | 4231818 KashNCarry
KashNCarry's picture

The project will be underwater in no time, and half of Fla. with it...

Tue, 12/10/2013 - 07:51 | 4231848 hangemhigh77
hangemhigh77's picture

This is great. Now we know where to send the lynch mobs.

Tue, 12/10/2013 - 08:00 | 4231862 hangemhigh77
hangemhigh77's picture

I bet it's a really easy target to hit from the air. I hope they enjoy the long romantic walks on the beach didging sniper fire.

Tue, 12/10/2013 - 09:11 | 4231911 Vooter
Vooter's picture

All that money, and these knuckle-draggers STILL can't figure out that living in Miami--ANYWHERE in Miami (or Florida, for that matter)--just makes you a trashy, comical, grease-ball PUTZ. Christ--you might as well just buy a place in the Catskills...LOL...

Tue, 12/10/2013 - 09:15 | 4231914 jmcadg
jmcadg's picture

They may have money, but no brains. When the SHTF you'd want to be living on an island not on the mainland. The pitchforks will be sharpened ready.

Tue, 12/10/2013 - 09:20 | 4231920 jmcadg
jmcadg's picture

Cheap and nasty. I've seen tables like that (pic2) in B&Q for £100.

Foster+Partners, don't you mean Foster and Allen.

Tue, 12/10/2013 - 09:32 | 4231942 WarPony
WarPony's picture

Trickle-down will have the same ole meaning if you're standing under the balconies during an uber-party.

Tue, 12/10/2013 - 11:30 | 4232493 MsCreant
MsCreant's picture

.

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