Jim McElwain Did a Really Nice Thing

Submitted by Caesar on

Bit of fluff, though a very nice story, and it's the offseason. Looks like McElwain took a pretty sizeable hit on his home's sale price so that a family with disabled kids could afford the place, which is well-suited for their needs (link). 

 

Mr. Owl

April 6th, 2018 at 10:21 AM ^

It's nice that he did this & everything, but the story makes it out like this was a huge charity case.  I'm not saying the condition these kids suffer from is easy or anything, but the family has the means to spend $1.4m on a massive home.  That a converted eight car garage is a "starter" apartment is kinda a joke considering it's probably larger than most people's homes.

Glad things are working out for them, but there are many people out there worse off who don't have the means to buy a place like this in the first place.  What are they doing?  Making it anyway.

I'm not trying to be a dick & rain on their parade, but this article came off to me as if it should have been in Rich People Magazine, where the top 1% can look at it the same as an amazing case of charity.

M-Dog

April 6th, 2018 at 10:30 AM ^

Yeah the tone was a little odd.  They kind of just slid it past you that they were still buying a $1.4M "bargain" house, and this somehow changed their lives. 

If $1.4M was all they could "scrape up", they would have still gotten a palace in Gainesville, FL with or without McElwain's help.

  

 

Rickett88

April 6th, 2018 at 10:52 AM ^

I had deleted 4 times saying about the same thing. The house was 1.4 Million Dollars! Lets not make this out to be more then it is. He had to get rid of a house, and took a bath on it, and it happened to be someone with a child that could use the features that were in the house. Sounds like a good deal for buyers, and McElwain got rid of a house and didn't have to keep paying taxes/insurance/payments.

Blue in Paradise

April 6th, 2018 at 3:40 PM ^

Guy took $400k or more (FL housing market has been strong the last 3-5 years) off the market value to help a family with two disabled kids buy a house that gives them a better life. Nobody said he that he is Mother Theresa - it was a very nice gesture. The fact that the family has the means to buy a nice house doesn’t mean this was a nothing. Most people would hold out for market value.

MichiganTeacher

April 6th, 2018 at 10:14 PM ^

Yep. Have to think that those who are complaining "But the house was $1.4M..." are petty, biased, or inexperienced with money. I could be wrong, of course, but that'd be my first guess. 

This was a really generous and kind thing that the McElwains did.

M-Dog

April 6th, 2018 at 10:36 AM ^

Yeah, I get that.  But it was $1.8M vs. $1.4M "better".  Not Mother Theresa saving a family from poverty better.

I'm not big on telling other people how they should spend their money.  $400K is $400K.  He found a well-off family that he liked that has non-financial challenges, and he decided to help them out.  Good on him.  It's his money.

But he didn't "save" that family or anything.  The article is maybe a little too over the top in the tone it takes.

 

JBE

April 6th, 2018 at 10:47 AM ^

Wealthy Person Makes Small Sacrifice So Other Wealthy Person Can Have Slightly Larger Mansion.  Story at 11. 

JBE

April 6th, 2018 at 11:23 AM ^

Good thing none of these people are friends. Aeschylus would’ve had me there. You also assume a certain definition of prosperity, which you then apply haphazardly to the quote through the action of your reply.

Mr. Owl

April 6th, 2018 at 9:26 PM ^

My last place I accepted an offer for $20,000 less than the initial listing, which was nearly 25%.  Housing markets can be tricky.  (I had two buyers not make it to closing.)  Today's market seems a bit inflated with regard to how fast prices have gone up over the last few years.  If I were selling today & received an offer in any sort of ballpark I would take it instead of holding out for the perfect price, as all it takes is one burst bubble for it to suddenly be worth less than that offer.

mgobrooklyn

April 6th, 2018 at 3:52 PM ^

Wrong. He got a $7.5M buyout from Florida (http://www.al.com/sports/index.ssf/2017/11/florida_paying_jim_mcelwain_…) only 3.75M of which was payable this year, and that's before taxes (the house was bought after taxes), and his Florida contract is likely his high water mark as a coach. He's just fallen several rungs down the coaching ladder, and may or may not ever work his way back up there again. In any event, not trying to argue McElwain is a poor man, but I just don't understand the impulse to make light of what looks like a genuine act of kindness and generosity on his part. $400k is a lot of money, even to Jim McElwain. 

Reader71

April 6th, 2018 at 4:01 PM ^

Not mocking at all, and certainly not making a bad thing out of it. I don’t know why people see anything short of their level of acceptance as criticism. As for his buyout - sorry, I was wrong. I copied that from the first Bing result on McElwain buyout. Point stands.

samdrussBLUE

April 6th, 2018 at 11:06 AM ^

Very nice gesture by Jim, but lets not feel too badly here. The kids' father is CEO of a medical company and bought a mansion for $1.4 million and have all the treatment and access they could ever hope for.

Reader71

April 6th, 2018 at 12:22 PM ^

I’d argue you should feel worse for a family who can not afford to enjoy a normal life and also has a terminally ill kid. There are appropriate levels of feeling bad. We’re having a discussion about what those levels are.

Reader71

April 6th, 2018 at 4:21 PM ^

It’s not. I think you know that, but if not, I’d love to walk you through it. Since everyone would agree that they’d feel worse for a poorer family with the same problem, they’d have to grant that there are levels of feeling bad. That granted, it becomes clear that we’re discussing what levels we think are deserved in this case. You disagree with my relatively low level of bad-feeling. Cool. We can talk about that. What we shouldn’t do is make statements like yours in an effort to twist each other’s words into something deserving of derision. Unless you actually do think I was making it a contest - in which case, I deride your interpretation for being very stupid.

Blue in Paradise

April 6th, 2018 at 4:28 PM ^

Which I can appreciate and respect- even if my viewpoint is different. The only issue I have with your posts is that they are included in this thread rather than a more general charity thread. A little bit like (albeit not as bad) when folks complain about a commits star rating in his Hello post as opposed to a general recruiting thread - it sets me off when I see that. Some of the others have come off mocking the gesture or Mac or the buyers. How many of them have given up 5 or 10% of their net worth to help out another family. I would bet not too many.

Reader71

April 6th, 2018 at 4:38 PM ^

I’ve been pretty clear that he did a nice thing, but that I’m not as impressed as you and some others. I’ve listed reasons. Laid out very straightforward arguments. Yikes, if this comes off like one of those stargazers, all I can say is I’m sorry, I would never want that. I just think this kind of thing is interesting - the moral discussions. Seeing how various board members see the issue. I’ve also spent a lot of time fighting bad arguments, which makes me look like I care more than I actually do about the sale of the house. I just can’t help responding to bad arguments for otherwise good points.