Inside a multi-million dollar Georgian mega-mansion (PHOTOS)

Director and actor Tyler Perry has just put down some seven million dollars to buy a building which was built for more than three times that amount. As well as featuring its own private golf course set on 58 acres, the property boasts such amenities as a private chapel.

The New York Times called the mansion, which took 17 years to sell, a "collision of self-indulgence, bad taste and a waste of money". Perry has even said that he intends to tear down the building, anyway. 






(See more photos)

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Barack Obama's old apartment appears on Craigslist

The New York apartment that US president Barack Obama lived in in 1981 has come up for sale, and a listing has appeared on the international classified advertising site Craigslist.

The listing for the apartment gushes over "beautiful hardwood floors," "high ceilings," "large closets" and "OBAMA SLEPT HERE AND YOU CAN TOO." The New York Times reports that the president lived here with a roommate in 1981 during his Junior year at Columbia. 


No doubt many prospective buyers of apartments in New York will look at the President's former abode. 


See more pictures here and the listing itself. 

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Dubai lenders ink debt deal

Dubai World, a state owned company of the oil rich emirate, Dubai, has reached a deal to restructure its $23.5 billion worth of debt.

The deal emerged after many months of discussions between Dubai World executives and a number of bankers and world financial specialists. More specifically, a committee representing around 90 lenders was formed in order to work out a deal with the debt ridden company, which is involved in many of the high-profile real-estate developments currently taking place in the city.

The lenders, which include HSBC, Royal Bank of Scotland and Mitsubishi UFJ, have collectively agreed to extend the timeframe of Dubai World's loans, giving the company time to cut costs, sell assets and have a better chance of paying back its many billions in debt.

The banks will reportedly be given an interest rate based on currency and maturity. The interest rate will vary from lender to lender.

The Dubai Stock Market rose 1 percent on the news.

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