When you were 19, did someone offer you a $7 million per year salary, plus another couple million bucks, right up front?


Guess you didn’t play professional baseball.

Those who do, or any other major league sport, get a lot of money, in a short period of time (let me know if this is news to you).

Often, they end up buying themselves a nice home (sometimes called a “crib”).

And, because they’re young, naive, and rich, they design and furnish their homes in ways that might seem odd or unusual to you or me.

Or, to future buyers.

Now, of course, if you make several million dollars a year, you might not care that the home you just bought and personalized won’t make back what you put into it.

You should. DO you remember this Red Sox story?

Red Sox slugger Manny Ramirez has yet to sell his 4,500-square-foot condo in Boston. The $6.9 million penthouse in the Ritz-Carlton Towers was listed in 2005, when Mr. Ramirez put it up for sale amid post-season rumors that he wanted to be traded. He wound up staying with the team and recently took the apartment off the market, but local agents say it’s still available.

The price may be too high for the area, agents say. But potential buyers may also be having trouble seeing themselves in an apartment that has a bedroom decked out like Fenway Park, including a mural of the field with the trademark Citgo sign in the background and twin beds made to look like the Green Monster outfield wall, with authentic paint and netting.

“Most of the people at the Ritz are 50-year-olds or 60-year-olds. I don’t think they would see the attraction,” says John Keith, an independent real-estate agent in Boston. (Both Mr. Ramirez and his broker declined to comment.)

I couldn’t have put it better, myself.

Source: Home Buyers Find Lavish Homes Of Sports Stars Too Over the Top – By Ben Casselman, The Wall Street

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Updated: December 2017


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