Official Lance Armstrong Thread: Part 3 (Post-Confession)

[MarkvW]

Anyone know what he paid for the place?

Don't really know how to figure out the 'real' price. He bought it in the midst of a remodel. I'm sure he then dumped a boatload of money into it. There's an Architectural Digest article about his house. The last paragraph is very enlightening:

"When their mom and I split, the kids and I moved around a bunch. But that's over. This time I said, You will graduate from high school in this house. I promise. Dad's not moving again."

Lance's oldest is now thirteen or fourteen. Lance is obviously attached to that place. It's where he took the infamous '7 Jersey's' picture

It had to hurt to sell that place. This doesn't look at all like financial strategy to me. This looks like he really needs cash and he's parting with something he is very attached to in order to get the money.

Texas has beautiful homestead laws that shelter a very expensive home in bankruptcy.

Maybe things really are tight for Lance. Maybe he can't afford the upkeep on the place?

Maybe he's liquidating and hiding assets?

 

[D-Queued]

... This doesn't look at all like financial strategy to me. This looks like he really needs cash and he's parting with something he is very attached to in order to get the money.

...

Can you reconcile the two directly opposed thoughts in that paragraph?

Financial strategy: Need cash, sell house.

This strategy has been pursued before.

Dave.

 

[MarkvW]

Can you reconcile the two directly opposed thoughts in that paragraph?

Financial strategy: Need cash, sell house.

This strategy has been pursued before.

Dave.

But why sell THAT house? He has others, you know. . . That house appears to have a major emotional connection for him.

I can't reconcile two directly opposed thoughts, as you ask me to do. Maybe you should try it yourself.

 

[D-Queued]

But why sell THAT house? He has others, you know. . . That house appears to have a major emotional connection for him.

I can't reconcile two directly opposed thoughts, as you ask me to do. Maybe you should try it yourself.

You watched Doprah, right? You have been following along, right?

Can you offer us any other examples of major emotional connections that Lance might have with anything or anyone other than himself?

This is a serious question. I am honestly curious.

Dave.

 

[Love the Scenery]

The Austin American Statesman reports that he may be worth as "little" as $60m, rather than the $250m often cited. The value of the whistleblower suit alone could bankrupt him entirely if so.

http://www.statesman.com/news/sports/armstrong-sells-austin-home/nXJPb/

I think he is trying to scale back his lifestyle in anticipation of decreased revenue. His revenue streams are basically gone, with the exception of a few small-scale renegade sponsorships that are lingering. That means all that is left is returns on investments, whatever real estate, bonds, stocks etc he may have bought, and whatever percentage it is yielding. That means he has to scale back spending vastly. He probably has a figure now as to how much money he has to spend every month.

He has limitations and has to live with them, how about that. Must be painful and confusing for him.

The Austin house was reported to have water bills alone in the 10K per month range IIRC. The landscaping must have taken a full time staff, as well as the housecleaning and so forth. The place is a step short of Downton Abbey but it still needs a lot of money just to keep it maintained.

 

[blackcat]

Can you reconcile the two directly opposed thoughts in that paragraph?

Financial strategy: Need cash, sell house.

This strategy has been pursued before.

Dave.

yeah nah, interns no logic

 

[blackcat]

The Austin American Statesman reports that he may be worth as "little" as $60m, rather than the $250m often cited. The value of the whistleblower suit alone could bankrupt him entirely if so.

http://www.statesman.com/news/sports/armstrong-sells-austin-home/nXJPb/

I think he is trying to scale back his lifestyle in anticipation of decreased revenue. His revenue streams are basically gone, with the exception of a few small-scale renegade sponsorships that are lingering. That means all that is left is returns on investments, whatever real estate, bonds, stocks etc he may have bought, and whatever percentage it is yielding. That means he has to scale back spending vastly. He probably has a figure now as to how much money he has to spend every month.

He has limitations and has to live with them, how about that. Must be painful and confusing for him.

The Austin house was reported to have water bills alone in the 10K per month range IIRC. The landscaping must have taken a full time staff, as well as the housecleaning and so forth. The place is a step short of Downton Abbey but it still needs a lot of money just to keep it maintained.

he could'a' come back as team leader for Rock Racing and a contra equity for salary contract, but $300 jeans were ssooo 2005

 

[Race Radio]

I wonder what Tim Herman's house looks like?



.........Billable hours

 

[MarkvW]

You watched Doprah, right? You have been following along, right?

Can you offer us any other examples of major emotional connections that Lance might have with anything or anyone other than himself?

This is a serious question. I am honestly curious.

Dave.

His kids. I buy into the idea that he very much does not want to do his kids as Gunderson did him. That house was for him and his kids.

That house is also a very personal trophy, and now he's letting it go--in a buyer's market.

Sociopaths are not emotionless robots.

This seems to be more than just a cold business exchange.

 

[D-Queued]

But why sell THAT house? He has others, you know. . . That house appears to have a major emotional connection for him.

I can't reconcile two directly opposed thoughts, as you ask me to do. Maybe you should try it yourself.

Just to help you out, here is a list of the recent headlines. Can you point out which of these offers evidence of these major emotional connections?

LATEST ON LANCE
Lance reportedly sells Austin estate
Lance drops out of swimming event
Lance won't interview with USADA
USADA, Armstrong in contact
Promotions company to sue Lance
Report: Lance may still face charges
USADA: UCI obstructed Lance probe
Lance: How to deal with doping crisis
WADA rips UCI in doping probe
Lance admits to Oprah: I doped
Hearing on Lance, UCI postponed
Tennis legend blasts Armstrong
Door open to legal problems
Hamilton: Lance must do more

Ok, maybe the last one where Hamilton implores Lance to do more.

Perhaps Tyler is offering us a major emotional connection.

Dave.

 

[MarkvW]

Just to help you out, here is a list of the recent headlines. Can you point out which of these offers evidence of these major emotional connections?

LATEST ON LANCE
Lance reportedly sells Austin estate
Lance drops out of swimming event
Lance won't interview with USADA
USADA, Armstrong in contact
Promotions company to sue Lance
Report: Lance may still face charges
USADA: UCI obstructed Lance probe
Lance: How to deal with doping crisis
WADA rips UCI in doping probe
Lance admits to Oprah: I doped
Hearing on Lance, UCI postponed
Tennis legend blasts Armstrong
Door open to legal problems
Hamilton: Lance must do more

Ok, maybe the last one where Hamilton implores Lance to do more.

Perhaps Tyler is offering us a major emotional connection.

Dave.

Okay . . . Apparently you believe Armstrong is incapable of forming an emotional relationship with people or property. That doesn't make any sense at all to me. Armstrong is a highly vindictive person (very emotional), but I do think he has an emotional connection with his kids. You can rehash all the old discussions about that if you want, but I'm just not buying it.

The sale of this house indicates to me that money concerns are hitting him very hard now.

 

[D-Queued]

Okay . . . Apparently you believe Armstrong is incapable of forming an emotional relationship with people or property. That doesn't make any sense at all to me. Armstrong is a highly vindictive person (very emotional), but I do think he has an emotional connection with his kids. You can rehash all the old discussions about that if you want, but I'm just not buying it.

The sale of this house indicates to me that money concerns are hitting him very hard now.

You might be right. Then again, you must have missed this:

Lance Armstrong finishes triathlon a disappointing seventh - and then ignores his daughter at the finish line

We all know the D'Oprah formula, right? Admit, say you are sorry, produce tears?

As hard as he could, that ever-so-poignant and ever-so-obviously-rehearsed part about Luke couldn't produce one alligator tear.

Just one tear. Shouldn't be hard for such a deep emotional connection, should it?

Dave.

 

[D-Queued]

While you are puzzling over the children, let's think about something else you said to demonstrate his emotional attachment.

... Lance is obviously attached to that place. It's where he took the infamous '7 Jersey's' picture

...

That is a very interesting observation.

Was he emotionally connected to the house? The room? The framed jerseys? Or, what the jerseys represented?

Now, you could observe, and I would encourage you to do so, that he could simply have lined the walls with mirrors to bask in his own reflection.

Great idea, that would be.

The problem with mirrors, though, is that if you are into self-admiration and there is someone else in the room they destroy the view.

If you really love yourself, better to mount all your trophys to reassure yourself that you are the one and only and not have your view messed up.

Of course, the damn self-love thing was ruined when someone asked for him to return the jerseys.

I am sure he did that, right?

Dave.

 

[MarkvW]

While you are puzzling over the children, let's think about something else you said to demonstrate his emotional attachment.



That is a very interesting observation.

Was he emotionally connected to the house? The room? The framed jerseys? Or, what the jerseys represented?

Now, you could observe, and I would encourage you to do so, that he could simply have lined the walls with mirrors to bask in his own reflection.

Great idea, that would be.

The problem with mirrors, though, is that if you are into self-admiration and there is someone else in the room they destroy the view.

If you really love yourself, better to mount all your trophys to reassure yourself that you are the one and only and not have your view messed up.

Of course, the damn self-love thing was ruined when someone asked for him to return the jerseys.

I am sure he did that, right?

Dave.

Selling this particular piece of property was a big deal for Lance, I think.

 

[Fortyninefourteen]

It had to hurt to sell that place. This doesn't look at all like financial strategy to me. This looks like he really needs cash and he's parting with something he is very attached to in order to get the money.

Help me to understand the contradiction please.

 

[Fortyninefourteen]

You might be right. Then again, you must have missed this:

Lance Armstrong finishes triathlon a disappointing seventh - and then ignores his daughter at the finish line

We all know the D'Oprah formula, right? Admit, say you are sorry, produce tears?

As hard as he could, that ever-so-poignant and ever-so-obviously-rehearsed part about Luke couldn't produce one alligator tear.

Just one tear. Shouldn't be hard for such a deep emotional connection, should it?

Dave.

They needed a bigger bowl of chopped onions....

 

[blackcat]

a rock racing leaders jersey all that was missing

 

[blackcat]

It had to hurt to sell that place. This doesn't look at all like financial strategy to me. This looks like he really needs cash and he's parting with something he is very attached to in order to get the money.

Help me to understand the contradiction please.

quantative easing.

weasel words, cant, bertspeak, newspeak, orwellian

 

[Fortyninefourteen]

The sale of this house indicates to me that money concerns are hitting him very hard now.

Yet this is not a financial strategy....

 

[BroDeal]

It had to hurt to sell that place. This doesn't look at all like financial strategy to me. This looks like he really needs cash and he's parting with something he is very attached to in order to get the money.

Property taxes are high in Texas. With an assessed value of $3.9M, he must have been paying a bit north of a $100K/year. Add in maintenance, reduced water usage and such, the monthly nut would still be $10K minimum. The interesting thing about that is it is not much if he has anywhere near the assets he is reported to have. That is if he owned the place free and clear. That may be a big if. When he bought it was conventional wisdom not to "waste" your money paying a house off because real estate _always_ goes up. He may have never actually owned the place. Or he may have borrowed against the house.

My guess is his net worth is way less that what has been reported and he owed money on the home. Looking to the future he did not want to be saddled with several million dollars in loan repayments when his only income is returns on investments with his principal likely to be considerably reduced by settlements.

 

[Semper Fidelis]

What in the world is happening with this House selling.

Suprised no one jumped in to tell RaceRadio that Texas has homestead laws that does not allow for anyone to take his PRIMARY residence.

It could be that there is another residence out somewhere down in Texas?

 

[BroDeal]

He will sell his art collection next. It is probably already being shopped around to private parties before he has to resort to selling it at auction. The funny thing is the art market is abysmal right now. Unless he astutely chose what he bought then he will get reamed.

 

[MarkvW]

The sale of this house indicates to me that money concerns are hitting him very hard now.

Yet this is not a financial strategy....

Please explain this "strategy."

 

[Bannockburn]

Or he may have borrowed against the house.

He did.

Last fall, he took out a $1.85 million line of credit, secured by his home in central Austin, which is valued at more than $3 million, public records indicate.

----------

 

[86TDFWinner]

He will sell his art collection next. It is probably already being shopped around to private parties before he has to resort to selling it at auction. The funny thing is the art market is abysmal right now. Unless he astutely chose what he bought then he will get reamed.

Good, I hope he loses his other nut on all that art.