Tuesday, August 22, 2017

Beyonce and Jay Z Secure a Mortgage


Last week news leaked that Beyonce and Jay Z closed on a $90 million mansion in Bel-Air [click here if you missed that].

Now more details of the sale have emerged...

From the L.A. Times  
Jay-Z and Beyoncé may be worth more than a billion dollars combined, but the couple ultimately used conventional financing in order to purchase their first Los Angeles-area home.
The rapper/hip-hop magnate and his superstar wife, through blind trusts, paid $88 million for the sprawling contemporary estate, public records now show. Also revealed in the records is that the couple is carrying a mortgage amount of $52.8 million.
Plug that into any mortgage rate calculator (we happened to used Google’s search-based calculator) and that amounts to 30 years of monthly payments at $252,075 based on an interest rate of 4%.

56 comments:

Anonymous said...

$52M?????

They could have uplifted an entire hood with that amount of money.

black folks and their money.SMH

Anonymous said...

I just found this new lasagna recipe. You bake it in a bundt pan. I think I'm gonna try it.

Anonymous said...

my baby's birthday soon. he likes spongebob and elmo. which theme should i go with?

Anonymous said...

Wow there's nothing like mortage free living. That is a hell of a sum over 30 years. Guess we'll soon be seeing them back on tour - every year for the rest of their lives.

Anonymous said...

It's wiser to buy out right

Anonymous said...

#MoreFakeNews

Anonymous said...

They already own a lovely gated home in Holmby Hills, CA close to Diddy and MJ's estate.

NEXT!

Anonymous said...

12:38 spongebob

Anonymous said...

Where are the records of this sale?

Anonymous said...

12:41 They don't have the COINS to do that. They are NOT as rich as their PR team claims.

Anonymous said...

I'm cooking spaghetti for dinner.

Anonymous said...

Why are they not paying cash again? (Billion dollars on an elevator where, bih?)

Anonymous said...

1:00PM Do you use ground turkey, sausage, or the italian mix?

I'm trying to help this Yonce post out, it hasn't been pulling in the numbers that it use to of RWS. Never go Sean Kingston!

Anonymous said...

12:41 actually it is wiser to get a mortgage since their liquid assets most likely outperform the interest from a loan

Congrats to them. Must be nice

Anonymous said...

The Beyonce posts ALWAYS have redundant comments by the same few posters. The eclipse was amazing yesterday.

Anonymous said...

R in NYC says:


The two most fake, over hyped, dishonest, conniving mofos on the planet.
Fuck Jay.
Fuck Bey.
Fuck the obsession of these two faux billionaires.

Anonymous said...

110pm, I'm cooking with ground chuck. I need to try ground turkey. Thanks

Anonymous said...

The people that are discussing their kid's birthday parties and their dinner tonight are the reason other blogs have restricted the comment section. And now use "open posts" for foolishness. Stay on topic or go to another forum.

Anonymous said...

We can call this post Sandra's old Ho's unite

Anonymous said...

1:31 This is fake news anyway, so I find it hilarious that people are posting recipes!

Anonymous said...

Purchasing a home is on public record, wanna know where your favorite celebrity lives...find out the city and state and go search the public records...UNLESS they bought it under and entity.

Anonymous said...

Billionaires paying monthly mortgage? $90 million should be a drop in the bucket to them.

Anonymous said...

Im heading to a meeting after having beans for lunch... this ought to be fun....

Anonymous said...

Starting to think The Carters are not as rich as they claim. Let's see how soon Beyonce's new tour start.

Anonymous said...

Please dont talk about all this food y'all. I'm on a raw food diet and I'm bout to fuckin DIE!!

Anonymous said...

2:42pm sit next to someone you can't stand. Then let out one of those silent deadly ones and get up and change seats.

Anonymous said...

Keep talking about food, your fave will still be on that stage into her 70's trying to pay those bills. A lot of money is owed.

Anonymous said...

1:31 BITCH SHUT THE FUCK UP WHORE YOU DON'T RUN A DAMN NOTHING UP IN HERE! TAKE YOUR ASS TO THOSE OTHER BLOGS IF YOU DON'T LIKE HOW WE GETS DOWN!!

Anonymous said...

Congratulations to them, must be nice!

Anonymous said...

2:00PM In the state of California it's not a matter of public record.

1:55PM The food post secretly gives me the giggles too.

1:54PM Sandra Rose's old hoes should organize. Form a comment hoe union in solidarity. They are stonger together, like Hillary Clinton.

1:25Pm Let me know how that dish turns out in the next Yonce post! ...And a want a detailed review of that child birthday party!

Anonymous said...

That mortgage is going to cost them at least $35m in interest if they pay if off in 30, which I hope they don't.

I don't understand why they could not find a house that they could pay cash for! After all this preaching about financial literacy in his new album, he is doing the same "poor man's game" and borrowing money. It doesn't matter if he has investments outperforming 4% ... they could find a more modest home for $40m and have no debt.

They really are as dumb as they appear.

Anonymous said...

@2:59, Why are you so mad at me? The food posts must have you angry, agitated and hungry lol I know that Popeye's has a strict company policy against y'all eating the food there but stuff a biscuit or two in your mouth and stay out this comment section while angry and hungry lol

Just an observation said...

Why do they want people to know how much they spend? I will never understand why they continue to seek out praise from people. Their thirst is so unreal it's mind boggling.

Anonymous said...

@3:37 PM. That's applying too much common sense and not a way for them to stand on their platform of... how great, powerful and wealthy they are.

Besides believing their own hype about themselves and then having their insanely weird and lost sheeple/stans worship at their feet. The self proclaim king and queen of the industry will do anything and everything it takes to keep us thinking they live a royalty, worry free lifestyle. While in the meantime, while they're stunting, fronting and are still bragging...they owe more money than they're worth with more lawsuits than they'd like to admit.

And if any of this isn't true then I'll be the first to raise my glass, salute them and congratulate them on their success.

P.S... Where are the babies? It almost seems like the birth of their twins never happened. Do they really exist because the way these two have been moving lately doesn't send me new proud parents of newborn twins.

Anonymous said...

@3:37 For expensive houses, it is more ideal to take a mortgage than to pay in cash and lose out on investment returns. 8% on an investment > 3% savings on interest

Anonymous said...

I'm going to change the color of my fingernail polish to pink....

Anonymous said...

Something is up with those babies. Odd that both parents are out of the house traveling and Mathew still hasn't seen them because of loose lips. Their business but really they should be more private with their shenanigans.

Anonymous said...

12:44 you are lying. 1st MJ lived in Encino, people in LA know that. B+J are not in the Holmby Hills..... That's where real money lives. Hell, there are not welcomed in Baldwin Hills, Ladera Heights or Windsor Hills. Funny how they support their own but won't live in the wealthiest black neighborhoods in LA.

Shoe Lover Too! said...

God be The Glory
Amen
This is an ESTATE for the all generations
Pay the loan off early. No mortgage

Anonymous said...

5:37 PM said "Baldwin Hills" STAWP. I cannot breath.

Anonymous said...

@4:55 Yes, I get the math, but why buy a house that you need a mortgage on PERIOD? What is wrong with a $40 million mansion? Is the crown molding not opulent enough? Is the kitchen 1500 sq ft instead of 1800 sq ft?

When you have to take on a mortgage when you are a billionaire simply says to me that you are living above your means. If you want a $90M pad ... cool, but pay cash for it.

Your Highness said...

@1:41 Tf you talm bout? Cash always has more power and why would you finance, which increases the cost of the actual home if you dont have too? I'm asking fr, I wanna understand this warped thought process.

Further more if they bought it out right they would own it, no? Which would increase their tangible assets.

Anonymous said...

A $58 million mortgage on a house that is for sale for $17 million? Geez I hope not.

https://www.zillow.com/homedetails/457-Cuesta-Way-Los-Angeles-CA-90077/20526880pzpidp

Meanwhile the house stands, "For Sale" not "In Escrow" or
"Sale Pending".

Anonymous said...

They way people have talked so badly about BIC since birth, I can see why they want to keep them away from the public's criticizing eyes! What I don't get is why they are out and about so much with newborns.

BLIND TRUST MY ASS!!!!!!!!!!!!!!!!! said...

Blind trust, lol lol, more hiding and faking

This fake news isnt for there average fans,its for the Jonses they are trying to save face with, its for the celeb world that can actually afford a home.

There average fans dont even know what a blind trust it, let alone how it is constructed.

Was?Oprahs home purched under a blind trust, Bill Gates, Mark Zuckerberg? Warren Gates, Money Mayweather. Or an untold number of multi millionaries and Billionaires. Dr.Dre?

This BLIND TRUST IS FAKE AS FUCK YVETTTE, BECAUSE ALL OF THERE BUSINESS IS ALL OVER THE LA REAL ESTATE MARKET, THAT THEY CAN NOT AFFORD EVEN A SIMPLE MODEST CELEBRITY HOME, ALL THE CELEB REAL ESTATE PROFESSIONALS KNOW THIS AND HAVE BEEN EMBARRASING THEM IN CELEB CIRCLES!

Trying to save face, the BLIND TRUST is a PR FAKE DAMAGE CONTROL EXCUSE FOR WHY THERE IS NO RECORD OF SAID PURCHASE.

YVETTE YOU ARE SLOPPY, TRANSPARENT, DESPERATE, AND .....AN ......AMATUER!!!!!!

Anonymous said...

@6:58 Smoke and mirrors are creating cliches in the story - messy!

Anonymous said...

If they bought, rented or leased what's it to your ass?

Anonymous said...

2:42: get on an elevator, do the sbd (silent but deadly) and get off Leave them in the small space. Sick fun!

Anonymous said...

BEYONCE = THE LOWEST-SELLING MINOR STARLET OF ALL TIME

#BeyonceFakeStarForeverMinorStarlet

Anonymous said...

Beyonce looks like an overly-bleached elderly black dude in drag in that pic above...

Anonymous said...

Jay is going to put everybody next to him on tour including kelly rowland n with outba doubt bey will be back on tour in a sec but heres my thing the dailymail stated bey was a hitmaker but bey last hit was single ladies which was back in 2008 so next year it will be a ten full years

Listen when the devil calls there number to serve all the dirt is going to come to light n there wont be a damn thing they can do qbout it

Anonymous said...

Wait they JUST NOW BUYING A HOUSE??????
FAKE MARRIAGE and a whole lot of wack music
�� so bey hasnt hwd a true hit since rqtty matty that must be killing bey i juess she is good along as j keeps her on tour n buyinh those grammys

Anonymous said...

6:33 If you put the entire amount on the house and don't pay interest, you also don't have those investable funds to gain 7% on. The investable funds can pay the interest of the mortgage. In a way, the house pays for itself. Yes it's a gamble but which investment isn't

Anonymous said...

The Carters bring scrutiny onto themselves with all of their bragging,entitlement and better than thou attitudes. With that said, look up what a blind trust is.

Who is backing the Carters because they don't have all the money they portray themselves as having - Live Nation? Someone is and that's okay but ... clean up your act.

Anonymous said...

This totally manufactured desperate famewhoring attempt will totally take Beyonce's career OUT OF THE DUMPSTER!!!

[UPDATE: No, it won't.]

Anonymous said...

WHAT A STARLET!!!

#BeyonceFakeStarForeverMinorStarlet

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