Lane Kiffin Sells House For $6.5 Million, $1 Million More Than He Paid

FIRE.KIFFIN

The Kiffins always seems to come out ahead financially and Lane Kiffin sold his gaudy Manhattan Beach mansion for $6.5 million, which is one million more than he paid for it. Knowing Kiffin he is complaining that he got $500,000 less than he asked. Details here

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  • Gary Klein

    I heard Kiffin visited the local Waffle House and tipped $3. That’s one dollar less than the breakfast he had yesterday.

    “Some say I’m tough on Lane Kiffin..”

    • WESTWOOD ROB

      Gary K., are you one of those lazy journalists Wolf talked about, who likes to write about how the new strength coach has the guys training harder than ever? And how the new QBs coach has the guys quarterbacking harder than ever? And how the new life coach has the guys living harder than ever?

      • Gary Klein

        Yes… I’m one of the “sunshine pumpers” if I’m not talking about Kiffin or Carroll every day.

        Meanwhile, you would think some PAC-12 combine news would be noteworthy: like Carey and Thomas’ slow 40 times.

        • Joe H

          I would still take Carey, Workhorse.

      • gotroy22

        He’s cheapo seats coming out of the closet.

  • WESTWOOD ROB

    Mother says someday I’ll get her house. She thinks I don’t know about her reverse mortgage and how she’s been “making it rain” at the bingo hall.

    • gotroy22

      You mean the Bates Motel?

  • steveg

    Wolf, he sold his house, he is GONE. Let him go Wolfy.

    • rusoviet

      steveg is 100% right – good riddance to the wooden puppet – anyone know what Nick Holt is up to these days? Last I heard Petrino had him w. him @ Western KY – considering Petrino left for Louisville I wonder how that’s working out for the HC Jeff Brohm?

  • Golden Trojan

    The most expensive house in Tuscaloosa on Zillow lists for $2.98 mil. How much did he net Wolf? I love HGTV!

    • gotroy22

      That was one sweet deal!

  • ScottWolfSniffsHisOwnFarts

    There are a few tells from this post. 1) Gargamel has never owned or sold real estate, because if he did, he would know that if you sell property for less than what you believe it is truly worth, then you care as much about what you didn’t earn as you do what you did; 2) Gargamel does not earn or have much money, since he’s envious of Kiffin earning $1M on a home sale; 3) Gargamel does not understand taxation, because Kiffin is like facing a huge tax liability on the home sale, since it is highly unlikely he will be able to rollover the proceeds (1031 like-kind exchange) into comparably valued real estate in Tuscaloosa, AL; 4) Gargamel has a weird homoerotic attraction to Kiffin.

    • Cheap seats

      Likely ZERO tax liability or very little.

      $1,000,000 Gain
      - $500,000 primary homeowner exemption
      -$500,000+ in expenses toward maintenance and improvements to home

      With those homes, I’ve seen pools and backyards approach $1M when they go all out and put a grotto, outdoor kitchen, etc.

      After that, Pres. O will wonder why they’re not collecting money on the 3.8% tax on Real Estate capital gains.

      • ScottWolfSniffsHisOwnFarts

        Good point about capital improvements.

      • Larry Harris

        My understanding is that Kiffie had a very ornate swimming pool installed so he could practice for the ‘Swim with Mike’.

        • Cheap seats

          Have never been to Swim with Mike — never made it to the spring game that early. How is it?

          • Larry Harris

            Spring games are good anytime. As far as swimming with Napoleon in the same pool – Not likely. Osmosis gonna getcha’.

  • Joseph B. Lowe

    Gee, a hair more that Scott’s “double wide”.

    • Helen

      According to Chuckie, it’s only a single wide.

      • https://www.facebook.com/charles.bucket.3 Charlie Bucket

        still trying to fit in, Clarice?

        you know, i don’t really begrudge your efforts to act like a man to fit in with the trOXans, you must have your reasons….but WHY do you have to try to mimic and fit in with the STUPIDEST ones? UGH!!

      • Joseph B. Lowe

        Helen, if you really want to fit in with the dumbest people on this site, just cut and paste bucket or thaibean. Nobody dumber than those two.

  • ProbationU

    Ater Capital Gains…he can still buy Tuscaloosa.

  • TrojanFan3.0

    Hey wolfman, your true calling is the National Enquirer. So, what’s holding you back?

  • Nile Kinnick

    Just goes to show that nice guys finish last….hes rich, has a hot wife, and gets away like bandits with all the $$$$ USC gave him….but he is the biggest schmuck out there, a jerk, and has the IQ of around 65. Life is unfair. Indeed.

  • Joe H

    Wolf posts nonsense day after day after day, and this post gets the most comments. Forget Wolf, you all need to let it go.

  • Yale O. Leftwich

    Good for him and his family…he will be a good coach there,just as P.C. is in Seattle

  • Ron Fleishman

    who cares?

  • B.Miller

    Did the house come with Layla?