• November 28, 2021

‘Windfall’: Governor Gavin Newsom sells Marin County mansion for $ 5.9 million

It is never a bad time to sell a home for twice what you paid for it, unless you are in the middle of a impeachment election for governor.

California Governor Gavin Newsom sold his Marin County mansion for $ 5.895 billion, more than double the 2011 purchase price of $ 2,225,000. according to to Realtor.com.

The profitable sale garnered warm congratulations from Republican retirement candidate Larry Elder.

“Congratulations to Gavin Newsom on the $ 5.9 million sale of his Marin Mansion!” tweeted Mr. Elder.

The sale, which occurred in May but was reported on Tuesday, came at a difficult time for Newsom, who faces a recall vote on Sept. 14 fueled in part by the perception that his wealth and status have insulated him from shocks. of their own policies. .

For example, Newsom was widely criticized for violating his own pandemic guidelines by attending a no-mask, no-social-distancing birthday party in November at the upscale French Laundry restaurant. He later apologized.

The 4,000-square-foot home on 1.38 acres in Kent Woodlands was originally listed at $ 6 million in January 2019, but “went off the market without a buyer,” the website said.

“But at the end of May this year, an off-market deal was reached, close to the original asking price,” Realtor.com said. “This represents a windfall for Newsom, who bought the place in 2011 for $ 2,225,000. The embattled Democrat is currently facing a recall election by a segment of voters unhappy with the COVID-19 measures taken during the pandemic. “

Mr. Newsom, a Democrat who previously served as lieutenant governor, moved into a $ 3.7 million, 12,000-square-foot mansion in the Sacramento area shortly after winning the 2018 gubernatorial race, according to a 2019 report. report at the Sacramento Bee.

Critics on social media noted that Elder, a longtime Los Angeles radio host and author, also has an estimated net worth of between $ 16 million and $ 18 million.

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