So looks like Steph made no money out of this house. Bought for 3.2M sold for 3.2M. Plus his wife put in 500k for kitchen remodeling.
I think it’s his wife’s fault. Your spouse can make or break your finance. Judging from the way his wife handled this transaction, she’s not a savvy one when it comes to money.
Hey, as long as she makes Steph happy… we happy! It may be over 5 years, but I think even his wife would have a hard time running through 200M…
She might decide to buy a useless vineyard next for 50M… you never know. Some rich widow did that some time back and blew away her husband’s inheritance.
Recall there is a list of billionaire that went bankrupt, web search (don’t G it) and you can find the list. How to waste a billion dollar without burning it? Buy over priced jewelry/ picture/ watches/ collectibles, wear overpriced clothes once and throw parties every weekends. For men is easier, trophy wives and gambles.
Here’s an article about it…
http://www.huffingtonpost.com/gobankingrates/21-ways-the-rich-waste-th_b_9431826.html
Well, Steph is gone and this Eichler beauty with a most fabulous street number is off the market in good old Walnut Creek…
http://www.eastbaymodern.com/blog/284-santa-fe-drive-walnut-creek-sold.html