RiseAndGrind Posted June 21, 2016 Share Posted June 21, 2016 http://www.realtor.com/news/celebrity-real-estate/travis-ford-selling-oklahoma-home/?cid=soc_editorial62968476&adbid=745044624570355716&adbpl=tw&adbpr=17351940 Quote Link to comment Share on other sites More sharing options...
billikenfan05 Posted June 21, 2016 Share Posted June 21, 2016 Quote Link to comment Share on other sites More sharing options...
cheeseman Posted June 21, 2016 Share Posted June 21, 2016 I have no idea why a person would build such a house in a college town. Just because it is the house you wanted doesn't mean that anybody will want it or could even afford it. You were probably the highest paid - next to the football coach - person in the town and he already has his mansion. Good luck in trying to get rid of it for what he thinks it is worth. Now in StL he has a fighting chance to sell something like that. Quote Link to comment Share on other sites More sharing options...
SShoe Posted June 21, 2016 Share Posted June 21, 2016 I recall Soderberg had a similar over-the-top house and had trouble selling it. Quote Link to comment Share on other sites More sharing options...
RiseAndGrind Posted June 21, 2016 Author Share Posted June 21, 2016 17 minutes ago, cheeseman said: I have no idea why a person would build such a house in a college town. Just because it is the house you wanted doesn't mean that anybody will want it or could even afford it. You were probably the highest paid - next to the football coach - person in the town and he already has his mansion. Good luck in trying to get rid of it for what he thinks it is worth. Now in StL he has a fighting chance to sell something like that. Because he could. Quote Link to comment Share on other sites More sharing options...
Old guy Posted June 21, 2016 Share Posted June 21, 2016 Yes, he built the house because he could, that is correct. He will have trouble selling it. Houses like that in small communities priced much below asking price are very hard to sell. The American Dream turns into the American Nightmare. Ever been stuck with paying two mortgages at the same time? Quote Link to comment Share on other sites More sharing options...
wgstl Posted June 21, 2016 Share Posted June 21, 2016 Gonna be sweet for the next person though. Call it charity work. Quote Link to comment Share on other sites More sharing options...
RiseAndGrind Posted June 21, 2016 Author Share Posted June 21, 2016 14 minutes ago, Old guy said: Yes, he built the house because he could, that is correct. He will have trouble selling it. Houses like that in small communities priced much below asking price are very hard to sell. The American Dream turns into the American Nightmare. Ever been stuck with paying two mortgages at the same time? I got two mortgages, thirty million in total. Quote Link to comment Share on other sites More sharing options...
TheChosenOne Posted June 21, 2016 Share Posted June 21, 2016 17 minutes ago, RiseAndGrind said: Because he could. Obviously he could, but it is still a really poor financial decision. I think coaches (like athletes) get caught up in their current pay check, but that can go away real quickly and when they are no longer calling the shots for a high major program those pay checks become much smaller. I doubt he makes enough money to make losing his ass on a house in Stillwater palatable. From what I have heard about Coach Ford, he goes out of his way to portray wealth and a baller lifestyle in recruiting and that apparently carries forward to all aspects of his life. I am assuming he is the type of guy I would not want to hang out with, but as long as that douchebaggery can sell top flight recruits on playing for SLU, more power to him. Quote Link to comment Share on other sites More sharing options...
Pistol Posted June 21, 2016 Share Posted June 21, 2016 Given the nature of the profession, if I were a coach, I would not build a custom home for myself. It's crazy that he was willing to wait 2 years for his dream house to be built there. You'd assume it took him a while to get settled there, have the plans drawn up, and so forth. So the process had to be well over 2 years in total. I can't imagine giving up that much time in such a high-pressure job situation. That takes an insane level of confidence. Quote Link to comment Share on other sites More sharing options...
bonwich Posted June 21, 2016 Share Posted June 21, 2016 He got a $7.5M buyout, which sounds like he could lose his ass and his right nut and still be OK save for the obvious problems with his wife and girlfriends. And it doesn't say if the buyout included covering any losses on the sale of his house. I wonder... Quote Link to comment Share on other sites More sharing options...
billikenfan05 Posted June 21, 2016 Share Posted June 21, 2016 Sell it to a Sorority Quote Link to comment Share on other sites More sharing options...
Pistol Posted June 21, 2016 Share Posted June 21, 2016 14 minutes ago, bonwich said: He got a $7.5M buyout, which sounds like he could lose his ass and his right nut and still be OK save for the obvious problems with his wife and girlfriends. And it doesn't say if the buyout included covering any losses on the sale of his house. I wonder... Good point. He might not care what it sells for because of that. Who knows. Quote Link to comment Share on other sites More sharing options...
For-DaLove Posted June 21, 2016 Share Posted June 21, 2016 Will one of you geniuses making $2 mil + per year please post pictures of your house for comparison purposes? I would like to see what you deem to be the appropriate house size for someone making that kind of cash. Thanks Quote Link to comment Share on other sites More sharing options...
brianstl Posted June 21, 2016 Share Posted June 21, 2016 My guess is the house had more to do with keeping the wife happy than him feeling the need to protray a baller lifestyle. When you work the kind of hours a coach at a BCS basketball program does and spend massive of amounts of time on the road, you get a house that will keep momma happy. Quote Link to comment Share on other sites More sharing options...
billikenfan05 Posted June 21, 2016 Share Posted June 21, 2016 2 minutes ago, brianstl said: My guess is the house had more to do with keeping the wife happy than him feeling the need to protray a baller lifestyle. When you work the kind of hours a coach at a BCS basketball program does and spend massive of amounts of time on the road, you get a house that will keep momma happy. Travis Ford likes to live a "baller lifestyle" Quote Link to comment Share on other sites More sharing options...
cheeseman Posted June 21, 2016 Share Posted June 21, 2016 I understand that if you make a lot of money you probably want to own a big expensive house. Now that being said, that does not mean you should build such a thing. What you have to do is evaluate the entire situation you are in - A head coach should only assume he will be there for the term of his contract. Given that the odds are you mayl not get an extension so you have to consider that you will be selling the house at sometime in the near future. Making sound business decisions regardless of how much money you make is still prudent. If you continue to lose $1M or more on houses you build, it can not but have an impact on your financial future. Quote Link to comment Share on other sites More sharing options...
wgstl Posted June 21, 2016 Share Posted June 21, 2016 I say build the biggest house you can. F the haters Quote Link to comment Share on other sites More sharing options...
moytoy12 Posted June 21, 2016 Share Posted June 21, 2016 Who gives a sh*t, it's his money. Good for him. He could build the biggest gotdamn monstrosity and lose his ass on it and it wouldn't make a lick of difference to me. Quote Link to comment Share on other sites More sharing options...
cheeseman Posted June 21, 2016 Share Posted June 21, 2016 3 minutes ago, wgstl said: I say build the biggest house you can. F the haters If you are in a big city market - perhaps but in a smaller town you have to be smarter. Yes it is his money and he can do what he wants with it but that does not mean others can not express a sounder approach. Quote Link to comment Share on other sites More sharing options...
slu72 Posted June 21, 2016 Share Posted June 21, 2016 This really is none of our business. Quote Link to comment Share on other sites More sharing options...
WestCoastBilliken Posted June 21, 2016 Share Posted June 21, 2016 Oh geeze this thread. SO many naysayers in general on this board. The house is selling for $2.25M, which means he probably paid $2M or less to build the thing. This is jack all to a guy who supposedly had a buyout remaining of $9.6M when he was fired and made millions a year prior to being canned. $2M for a house on a $2M salary + guaranteed payout even if he is canned is peanuts. Quote Link to comment Share on other sites More sharing options...
Old guy Posted June 21, 2016 Share Posted June 21, 2016 1 hour ago, RiseAndGrind said: I got two mortgages, thirty million in total. RiseAndGrind is your name Donald Trump or Bill Gates by any chance? Quote Link to comment Share on other sites More sharing options...
TheChosenOne Posted June 21, 2016 Share Posted June 21, 2016 1 minute ago, slu72 said: This really is none of our business. Its the off-season, there really is nothing for us to discuss. We don't have a recruit like Tatum to argue back and forth and back forth about this summer. Quote Link to comment Share on other sites More sharing options...
brianstl Posted June 21, 2016 Share Posted June 21, 2016 The guy ended up making over $20 million dollars at OSU. Even if he takes a $1 million dollar loss on the house, who cares? If it made his wife and kids happy it was worth less 5% of his income. He is still going to have plenty of money to put his kids through school and to spend in his retirement. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.