Iginla buys 4.5 million dollar home in Boston Area

[MarkGio]

Could be investment property. I can't see him pegging the Bruins as the next Cup winner. Or the front office to join in case of retirement

[CGY12]

Really don't think the winter consideration plays a factor in Iginlas thought process or any other multimillionaire for that matter. They are so filthy rich that if winter does start ticking them off they can simply take the next flight out to a tropical destination or go spend time at another house they may have purchased in a sunnier destination.

[EldrickOnIce]

Originally Posted by MarkGio

Could be investment property. I can't see him pegging the Bruins as the next Cup winner. Or the front office to join in case of retirement

His cup radar needs calibration

[Northendzone]

Since I am not ultra-rich I maybe missing something here, but does this purchase make monetary sense right now?

Let say iggy plays for two more years in some place other than Boston or any team in the area, then that means he is not living in. $4.5 million dollar home from September to April (8 mos or more if his team makes the playoffs). Part of my assumption is that his wife and kids live in whatever city he plays in as I'd assume that his kids are not overly mobile due to school - but who knows, maybe they are home schooled by a private tutor. But who knows, maybe the wife and kids would live in this house in Boston and iggy lives alone during the season.

To me as a pro-athlete it seems to make very little sense to tie up millions in a home when you can be traded, although trade clauses help protect the players.

[robaur]

Originally Posted by Northendzone

Since I am not ultra-rich I maybe missing something here, but does this purchase make monetary sense right now?

Let say iggy plays for two more years in some place other than Boston or any team in the area, then that means he is not living in. $4.5 million dollar home from September to April (8 mos or more if his team makes the playoffs). Part of my assumption is that his wife and kids live in whatever city he plays in as I'd assume that his kids are not overly mobile due to school - but who knows, maybe they are home schooled by a private tutor. But who knows, maybe the wife and kids would live in this house in Boston and iggy lives alone during the season.

To me as a pro-athlete it seems to make very little sense to tie up millions in a home when you can be traded, although trade clauses help protect the players.

I doubt he ever lives in that home...especially not long term. It's probably purely an investment property. I dont know much about that area but in the US and the way their housing market is going...I bet that house sells for like $6 million if not a tad more within the next 2-3 years. That's a decent return. It's saying he bought the house brand new so the area is probably going to increase in value over the short term. Real estate investment provides great returns if done correctly....especially in the US and these luxury homes.

[Cecil Terwilliger]

He's a ufa so this could be any number of things. He's retiring and wants a house there, will play out east, will play out west and work out visiting with his family and/or plans to live there eventually and, regardless of where he plays, wanted to buy now, even if he won't live there for a while.

[ToewsFan]

Iginla should have bought a home west of Calgary.

[savardandjokinen]

I mean, his best season in recent memory was with the Bruins.

[btimbit]

Originally Posted by FBI

lol yeah give me snow shoveling for 4 months a year instead of golfing in 15 celsius

Meh, golf is for the summer. Winter time I want to go skating

[4X4]

First thing that came to my head, and probably the most likely scenario is that out of the stops he's made over the last 5 years, Boston was a favorite for the family, and that's where they plan to settle down. The family can move there now, and if he takes a one year here, and another year there, the family is in a permanent place, and the kids can go to school somewhere stable? It just seems so much more likely than luxury real estate speculation or that he's necessarily playing for the Bruins next year. If he lands anywhere in the eastern conference or the central west, he's never more than a 3 hour flight from home.

[Strange Brew]

Originally Posted by btimbit

I'm with you on this one. Spent a lot of time in southern California in my life and having the exact same weather every single day actually got old and boring real fast

? Only time I have heard SoCal weather referred to as boring.

[Strange Brew]

Originally Posted by robaur

I doubt he ever lives in that home...especially not long term. It's probably purely an investment property. I dont know much about that area but in the US and the way their housing market is going...I bet that house sells for like $6 million if not a tad more within the next 2-3 years. That's a decent return. It's saying he bought the house brand new so the area is probably going to increase in value over the short term. Real estate investment provides great returns if done correctly....especially in the US and these luxury homes.

I don't know about a single family mansion as an investment property. Not a huge rental market for that kind of house so I expect he plans to live in it.

It's an interesting choice for sure.

[Flash Walken]

If Iggy gets another deal this year my money is on an Eastern team offering it up, Boston or otherwise.

[Ducay]

Originally Posted by ToewsFan

Iginla should have bought a home west of Calgary.

Well technically........

[McG]

He must like the chowdah!

[Locke]

Originally Posted by McG

He must like the chowdah!

Its pronounced 'chow-dare!'

[Erick Estrada]

Boston is a nice city. He obviously enjoyed his time there while playing for the Bruins. Nothing odd to me in fact I would find it more odd if he retired in Canada given his US options.

[N-E-B]

Originally Posted by FBI

lol yeah give me snow shoveling for 4 months a year instead of golfing in 15 celsius

Or, you know, playing hockey (a better sport) outside for free. There's lots of positives to winter.

[FBI]

Originally Posted by N-E-B

Or, you know, playing hockey (a better sport) outside for free. There's lots of positives to winter.

Yeah or just play floor hockey like me

[Erick Estrada]

Originally Posted by N-E-B

Or, you know, playing hockey (a better sport) outside for free. There's lots of positives to winter.

I suppose if you like spending time indoors.