Josh Flagg isn't sold on Diddy's current listing for his Los Angeles-area home ... noting the mansion has a number of hurdles to overcome -- especially after the recent "Freak Offs" allegations.
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00:00Hey Josh, how you doing? Great to see you. How are you?
00:05Hey guys.
00:06Hey, so Diddy's indictment was just unsealed and he was having a bunch of freak-off parties.
00:11Do you think that this will lessen or up the value of his house knowing what we know?
00:15I'm pretty sure that that's not going to increase the value of his home.
00:18Why? Well, will it lessen it?
00:22I think that the mark is challenging enough as it is already.
00:26I think that that's the last thing that somebody wants to get involved with.
00:29But if it's a good deal, someone will buy the house.
00:33Should he lower the price?
00:35Yes. That's step number one.
00:37And step number two is whoever is marketing it should keep his name as far away as possible.
00:43What price do you think it should be set at this point?
00:46What are they at now?
00:47$61 million?
00:49Probably $50 million.
00:51$50 million, so about $11 million.
00:54I'd say about $11 million.
00:57Do you think that what happened in the house lessens the neighborhood value in Holmby Hills?
01:02I think someone is going to need to take a really big blacklight to that house.
01:06Can they clean this thing or is it just a teardown?
01:08I don't know, but I've got to run.
01:09Let me ask you one more thing.
01:10He said that his lawyer brought up in court that he had to have guns in the house because of the neighborhood that he lived in.
01:16I'm pretty sure that Holmby Hills is not a dangerous neighborhood.
01:19Yeah?
01:20I've got to run. Bye.
01:21Thanks, Josh. See you later. Bye.