Mark Zuckerberg buys his neighbours' homes for $30 million
Facebook founder Mark Zuckerberg came up with a unique but pricey way to ensure his privacy: buy out your surrounding neighbours for $30 million.
Thanks to his $19-billion net worth, the Facebook CEO bought four of his neighbours' homes in San Francisco, but it turns out that a mega mansion isn't in the cards. Instead, the 29-year-old will become a landlord and lease the properties to their previous owners, says the San Jose Mercury News.
It turns out that Zuckerberg only started buying the surrounding properties in December 2012, when he heard a developer was hoping to use the Facebook founders status to help sell the property. The last house was sold on October 1, where he paid $14.5 million for a 2,560-square-foot lot or $5,470 per square foot, according to the Silicon Valley Business Journal.
Whether you like it or not, the value of your home is affected by your neighbours. If you have a hoarder as a neighbour with an overgrown yard and tons of clutter, it can hurt your home's sale price by five to 10 per cent, President of the Appraisal Institute told Business Insider. This Toronto-couple built themselves a six-foot fence, but let's face it, their home's value will remain lower if their neighbour's junk stays out in the yard.