LESS MEGA-HOME. MORE RESTRAINT.

March 9th, 2010
by Mrs. Robinson
By now we’re all painfully aware that the roots of our current economic plight can be directly traced to the Real Estate market and the excessive speculation, borrowing and risk underwritten thereof. Which got us to thinking, how much is enough? When are people satisfied with the space they need, as opposed to several pointless rooms  for collections of their stupid stuff. Honestly, what normal-sized family needs to live in a gargantuan mega McMansion?

We’re talking about homes like Candy Spelling’s 73,500sf of ridiculousness, with three, (count ‘em, three) gift wrapping rooms, and a room for her bizarre 1,000+ Chucky-like doll collection. You remember, the collection Spelling later claimed she started for her transsexual looking daughter, Tori. Who woulda thought the man who created Charlie’s Angels would end up with a daughter so decidedly un-angel-like.. Yikes. No wonder those two don’t get along. Can anyone say “Mommy-dearest.”

Why don’t the wealthy emulate the great Warren Buffett, who still lives in the modest home in Omaha that he purchased back in 1958 for a mere $31,500. Granted, it’s worth about $700K now and he has added a few California beach houses to the ole’ portofolio, but we can grant him a transgression every now and again. The man is worth $37 billion dollars!

Even the Bouvier-Beales, the infamous Southhampton mother/daughter socialites, decided to forgo the luxury of their Grey Gardens mansion, in favor of a life of squalor. Okay, bad example. But by foresaking the luxuries of their Mega-Home, they found fame (posthumous, but still) when the Mayles Brothers crafted a stunning documentary about their extraordinary lives, which was later turned into a Broadway play and HBO feature film. But all that’s beside the point. Folks need to rethink their ridiculous properties in favor of something more appropriate.

And then there’s Calvin Klein, who pretended to be going minimalist by demolishing Dragon Head, his 50,000sf oceanfront behemoth, so that he could rebuild a 17,000sf “minimalist” replacement. God only knows what CK spent on the remodel, but public records show he paid more than $28 million for the original property. For the record, the fashion mogul is divorced and has one grown child. 17,000sf? Excess much?

But that’s nothing.  Ira Rennert’s colossal estate in Sagaponack was recently dubbed the largest home in the United States.  A purported 66,000 to 110,000 square feet (without or with outbuildings) with 29 bedrooms, 39 bathrooms, and its very own power plant! Oh, and it’s situated on a tidy 63 oceanfront acres. Really, the property seems better suited for the residents of HBO’s Juniper Creek. Rennert has three grown children (for whom he’s spent $66 million on their NYC apartments). Ummm, errr… so it’s pretty much just ole’ Ira and the wife by themselves in the Big House.

Wanna throw up a little bit in your mouth (if you haven’t already)? Check out this list of the top ten mega mansions, and imagine living in a place where you never have to interact with your family (maybe that part’s not so bad). In total, these “homes” comprise some 580,000sf, and have an estimated market value of over $800 million. Even if ten residents occupied each of these homes (doubtful), that would equal 11,000 SF per person!

Ever heard of Utah’s Sco Smith? His family of five is living in a 10×12 structure, dubbed the Smallest House in Rich County. Admittedly, Smith favored this home because he didn’t need a building permit to construct it, and we concede this style of “living” might be too close for comfort, health and sanity. The point is that living with less is possible.

Or how about those Salwen’s? The Power of Half family, who were influenced by their teenage daughter, Hannah, to sell their enlarged Atlanta, Georgia home in order to buy something half as big.  Hannah, a 14 year old ripe with teenage angst, led her parents to “do something” about social injustice and wasteful consumption. They decided to reduce their living quarters, and not only that,  but then they donated half the profits from the sale of their $800,000 property to charity. As a result, they claim that they’re a closer family (albeit one who has made a boatload of cash selling their story in print and on television). Heck, they’re even supposedly donating half of the profits raised by their new-found celebrity.

Are you picking up what we’re putting down? We don’t need insanely huge homes and apartments, we just want them. Look, home ownership is a big part of the American Dream, and no one should dissuade you from enjoying the fruits of your labor. It’s just a matter of taste, restraint, conservation, and maturity. Assess your needs, and go from there. Period.

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7 Responses to “LESS MEGA-HOME. MORE RESTRAINT.”

  1. Chairman of the Bored says:

    A big, huge thanks to “Mrs. Robinson,” who suggested this piece. In the near future, she’ll be bringing you her take on all things Real Estate (with some Republicanism sprinkled in for good measure).

  2. DB says:

    Nice post. I can’t imagine feeling happy in such big, lonely homes. And who needs three gift-wrapping rooms?? I have two and it’s plenty!

  3. Natty Ice Lover says:

    I was going to get out of bed today and go thru the Want Ads (does anyone even call it the Want Ads anymore?), but screw it. This fine piece of journalism pretty much means there’s no reason to make money anyway. I can be perfectly happy hanging out at Mom and Dad’s (I am 36-years-old) for the foreseeable future, and beyond.

  4. Thomas Hearns says:

    Y’all is a bunch a suckas. Back when I took a beatin’ at the hands of Mahvelous Mahvin Haglah, I bought me and my lady a pimped out house. Then some dude come a knockin’ at my door tellin’ me all ’bout how my sh*t was HIS house back in the 1960’s. I said, get yo’ ass off my lawn, Cracka! Never done heard from he again. Damn straight.

  5. Howard Greenberg says:

    I think your message is askew. It isn’t a matter of people buying home that are TOO big for them, it’s more of a problem when their wives become TOO BIG for their homes. Nowadays, the ladies just eat themselves into fatty blobs, unrecognizable from their hottie co-ed days. Didn’t your own D. Znutts say that was totally unacceptable? Sheesh, would just like to see some consistency around here.

  6. The Meat Puppeteer says:

    LOL @ some of these comments. Good stuff. By the way, I live in a 600sf apartment in NYC, and sometimes it can feel a little cramped, especially when I host threesomes.

  7. Prof. Lecherous says:

    Tiny Tumbleweeds, baby. http://www.tumbleweedhouses.com/

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