Fiat Lux, Inc. Money News - $100M
What's your rent? What's your mortgage? Can you imagine buying a house, I'm sorry, a mansion, for $100 million?
Obviously, when you buy a mansion like that, you have the cash in hand. But say you didn't, and you put 20% down, 30-yr loan at 5%. Your mortgage payment would be a whopping $429,457/month!
Can you imagine that?
Well, a Russian billionaire with stakes in Facebook, Zynga, and Groupon, just bought a Silicon Valley home for that nice sum of $100 Million.
Most of the Fiat Lux, Inc. crew expects to do the same :)
Read up on the Russian billionaire's housing purchase.
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