LeBron James' Stupidity in Building a 35,000+ Sq. Ft. House

First off, let me say, I like LeBron James. Or, what I know of him. He seems to be among the few young, professional, black, rich athletes who has himself together. No baby mama drama, no drug history, no gun charges, no rap sheet, etc.

Heck, by a lot of standards, he's it made without being one of the highest paid athletes in NBA history (Cleveland Cavaliers).

Hatin' on LeBron's House

Quite simply, it's the money. LeBron has stated that his goal is to be the world's first billionaire athlete (no, Tiger's not there - yet!) Dude, if you make purchases like this, it ain't gonna happen. Why?

Well, with real estate, the thing is location, location, location. There ain't that many folk in OHIO who are in the market for a 7-figure, 11-bedroom home. If he's traded, who's gonna buy it?

FYI, the house is being built on 5.6 acres of land, will have 11 bedrooms, a casino, a bowling alley and a barbershop. Projected Cost: $2.1 million. What, no pool, no basketball court?

Now, if the house was in a location that could support this type of grandiosity, eg, Miami, New York, Los Angeles - even Chicago - well, maybe not so much of a concern. BUT, Cleveland is not exactly known for glitz and glamour.

It's not likely to attract: jet setters looking for second homes; the rich and famous seeking some fun in the sun; the fabulously wealthy and board seeking some divine shopping (a la Rodeo Drive).

So, he'll have to hope that a new Target will go up, or that Walmart wants to open a new location because, should he leave Cleveland, he's either gonna have to keep paying that mortgage,or unload it as a commercial property.

How Much House is Too Much House?

This McMansion got me to thinking, "How much house is too much house?"

As this is a free country, you can buy what your wallet can afford, but when you look at the past, it's only in recent years that we've become enamored with what I call "super houses." Americans are supersizing their living quarters, and every stat supports that. Eg:

According to the National Homebuilders Association, the average square footage of a home in the US has increased more than 800 square feet since the mid-70s.