Keep in mind that he purchased the home in 2010. Normal appreciation over the last 13 years would bring a doubling to the homes’ value.
Most home in CA have more than doubled since 2010.
That was the end of the 2008 DNC engineered housing loan/banking crisis, so he may have gotten a great deal on it back then.
“Most home in CA have more than doubled since 2010.”
In 2010, we moved from CA to TN. Our house was in Simi Valley, just a few miles from Woodland Hills. Plain ordinary house in a subdivision where the houses all looked alike — nice, but ordinary.
We sold it for $600K. Per Zillow, it passed $1million about three years ago.
(when we got to TN, we bought a 5,000 sq.ft. house on 2.5 acres, on the river for $375K. CA home prices are insane.)