FanPost

One more bad financial decision by a Maloof...

I was curious to see just how bad the Maloofs are in other finances. In 2007, Gavin Maloof purchased his mansion in Vegas for 10 million CASH and then dumped another 2 million into it. Amazing how just 4 years ago, you can pay in cash 12m for a home - now you can't finance a postage stamp... Today, the house is worth roughly 4.7 million... If I remember correctly, the Palms expansions were started around that time. Ouch...

(This is a FanPost from a member of the Sactown Royalty community. The views expressed come from the member, and not Sactown Royalty staff.)

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