cross-posted from: https://lemmy.world/post/29711221
The Boeing 747-8 being offered to Donald Trump by Qatar once served the Qatari royal family and has been sitting unsold for years.
The jet, a lavishly configured version of Boeing’s largest passenger aircraft, has been lingering without a buyer since being put up for sale in 2020, according to aircraft listings and aviation analysts.
John Goglia, a former member of the National Transportation Safety Board, told Forbes that giving the 747-8 to the U.S. would allow the Qataris to avoid maintenance costs that were only getting higher—with the 747 fleet shrinking worldwide and fewer mechanics available who know how to work on them.
The problem with $10 million homes is that people who buy them can afford to build their own $10 million homes. Because of that, they are worth less than people think.
The story I heard was that at least two people went broke trying to build a super mansion on 10 acres of prime beach front property. The final guy swooped in and brought the half made house so he could resell the land in smaller lots. He got the castle demolished for free by making a deal with a Hollywood studio. The blew the house up for him to make the climax of an action movie. Bad Boys 2 iirc
I thought the price was usually more about the land.