This is the most fabulous thing I've ever read. Need a quick way to waste $500 grand? Here's one way: Leather Floors.

In Touch magazine is reporting that Posh has designed a $500,000 CLOSET for her new house: 

Victoria designed a $500,000 closet for her new L.A. home. It supposedly features a leather floor, Baccarat crystal chandelier, $80,000 Andy Warhol shoe print, a computer that tracks when she wears items of clothing and a camera to give her a 360-degree "cat scan" of her outfit before she steps out.

Hot damn. I don't know if this feeling in my stomach is from being totally disgusted, or totally jealous.