I would do the same thing if I had the money. Looks like beach front property. Build something you want
To be honest, when I first read the story, I thought it was a home that her and Tiger had owned together.....and it was potentially a spite move. But, nooo. Entirely purchased on her own. Crazy stuff.
you could probably build that same house for less than a million, so the land must be worth 11 million at least
It bugs me that stuff like this is "news". Who cares! She can do what she wants with her money. When she's caught sunbathing naked, let me know! That will be newsworthy!
If that's the case then it makes perfect sense. If the location is great but the house is not so great AND the land is such a high value relative to the house... get rid of the house. Ed O.
South Florida is great, can't blame her for wanting to stay around here. Her new home might also be better prepared for hurricanes. At least that is what I would do.
There was three houses right next to each other bought by someone in Malibu by some star. It was beach front property. Basically, this star demolished all three houses, so they could build a massive house of their dreams. Actually, this stuff happens all the time. The property is worth more than the house.
Turned out to be termites. http://msn.foxsports.com/golf/story...uild-mansion-with-same-look-as-old-one-010912
By demolishing the house and rebuilding, she'll have created more private sector jobs with private sector money than all of DC combined!
This is an indicator of what's wrong with the American economy. Some people just have too much money. They think of a nice house as a commodity that they can just throw into the garbage. http://www.latimes.com/news/local/la-me-adv-malibu-demolition-20120129,0,5858066.story
As for the house demolished by Tiger Woods' ex-wife--During demolition, contractors found some termites, so she answered the negative publicity with the termite excuse. That's what later articles said. The house could have easily been repaired, but the wealthy bum wanted to waste her ill-begotten money.