Housing Crisis, What Housing Crisis?

September 30, 2009
Matt Isleib

 

If you are Michael Jordan there is no housing crisis. There is no recession. Then again he is “Air Jordan “The newly inducted member of the NBA Hall of Fame has plans that have been approved to build a new home in Jupiter Florida. It is not your average size home though, a sprawling 37,000 plus square feet of home. The home will be situated on The Bears Club which is an exclusive gated Jack Nicklaus designed golf club and residential community. The proposed price to build the sprawling new mansion is near $8 million. Local land records show Jordan paid $4.8 million for the land last year. Certainly a sign that even in this economy and housing environment life is still good for Air Jordan.