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Did anybody see The Queen of Versailles doco?

Discussion in 'General Property Chat' started by wylie, 26th Mar, 2016.

  1. wylie

    wylie Moderator Staff Member

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    I just watched The Queen of Versailles documentary which was a fascinating story that started as a documentary about a decadent (30 bathroom???) house being built by a timeshare businessman, but during filming the GFC hit and it turned into something even more fascinating to watch.

    I won't spoil it for any who might want to watch. It was on Foxtel this past day or so.

    This is the Wiki link to it -

    The Queen of Versailles - Wikipedia, the free encyclopedia
     
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  2. wylie

    wylie Moderator Staff Member

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  3. jaybean

    jaybean Well-Known Member

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    Yeah watching credit markets tighten up like that is scary. Family was a freaking mess too.
     
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  4. Matt E

    Matt E Member

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    Brilliant documentary though - almost like watching a train wreck given the family's dysfunctional issues. Great evidence that money doesn't buy class...
     
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  5. WattleIdo

    WattleIdo renovating Premium Member

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    Will check it out.
     
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  6. House

    House Well-Known Member Premium Member

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    Here's the full doco

     
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  7. Kate Moloney

    Kate Moloney Well-Known Member

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    Maybe you can give them some renovating tips!
     
  8. MTR

    MTR Well-Known Member Premium Member

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    Wylie

    I found this fascinating, not what I expected at all.

    They got caught up with the sub prime fiasco, have you seen "the Big Short"??

    I actually thought I would hate these people, but quite the opposite.

    No spoilers here, however sad to read that their 18 year old daughter actually died of an overdose last year, she got hooked onto prescription drugs.
     
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  9. Kate Moloney

    Kate Moloney Well-Known Member

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    Yes very interesting and quite sad how the daughter passed on.

    Interesting family dynamics and fascinating to watch their relationship with money and toys.
     
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  10. MTR

    MTR Well-Known Member Premium Member

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    She has beauty and brains, amazing perhaps that is why we should never judge a book by its cover. I have learnt something.
     
  11. wylie

    wylie Moderator Staff Member

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    I also found her much more "normal" than I was expecting at the start. She seems an interesting woman indeed.
     
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  12. abbyfresh

    abbyfresh Well-Known Member

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    Recommended viewing to all. Different take to the usual GFC docos which are full of boring bankers with their take on what they didn't and did predict.

    Don't watch much lately, but this one had me griped to the end.

    Some points of reflection:

    - money doesn't buy happiness that is clear.
    - even when you're a billionaire your business doesn't run by itself.
    - similar theme to Trumps life, although Donald was born into wealth from property compared to David who is self made from the 80s. Self absorbed, workaholic, enough is never enough, and beauty pageants seem to be the common theme.
    - the boss effectively talks down onto the suckers that buy into his timeshare, how can that be good for his business? - effectively calling them free-loaders and easy / vulnerable prospects to sell to.
    - nothing wrong with profitability of business model, but dependent on indefinite lending.
    - son complaining how tough his work was working for his dad, and having to draw out his own equity - no one is forcing him to work there?
    - similar selling models are rampant today in places like the Gold Coast locally.
    - no real reflection on the ethics of the business model, pushing timeshare on many vulnerable people that could not afford it. Can be argued to be a legal pyramid scheme.

    Timeshare is a right to occupy a place at a given date, but it is only a right, subject many levels of fineprint.

    With online travel deals and AirBnB timeshare would have to be the worst deal for buyers compared to in the 80s when some deals were OK when getting early IMO.
     
    Last edited: 27th Mar, 2016
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  13. WattleIdo

    WattleIdo renovating Premium Member

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    The Versailles place looked spacious but I would love to declutter their other home and get those poor dogs outside for a good walk and poop.
    She's nice but would look better in more classical clothes - just my opinion. The daughter was sweet and was right about standing up to her father although they should learn to turn the lights off. I know Jacqui started out as an engineer but apart from that, didn't see any evidence of brains - obviously lost the car keys and left the front door open.
    Good doco on addiction to comsumerism at all levels. And the way the banks were hanging out for as many foreclosures as they could bring on.
    Glad it's not like that here.