Two speakers examine a conspiracy theory claiming wealthy homeowners are being forced to demolish mansions for apartments. They focus on Grant Cardone's alleged $70 million cleanup bill for his mansion, questioning whether demolition and rebuilding for $120 million makes financial sense.
Are you in the deal room?
And I don't know what— there's like a bunch of conspiracy theories about, you know, them wanting to burn down all those huge houses to create more multifamily and living space.
Well, like they're telling Grant Cardone he's got to pay $70 million to clean up his house. Why would he do that when he can just tear it down and rebuild it for $120 million?
Yeah. So I'm not sure where they're going with it. But the houses back here, up here, it seems like they're still good, right? Like, if you look over here, there's—
what Sicily's mentioning is called market, a market approach, meaning that you take something down the road, say in Huntington, that is, is set up the same way. It's a mobile home park on the beach in Huntington. You can use that to value and comp what you have going on up in Parrot Palisade.
