Posted on 08/21/2011 2:06:43 PM PDT by Borough Park
LA JOLLA GOP presidential contender Mitt Romney, scheduled to attend a series of fundraisers this weekend in San Diego, is also working on plans to nearly quadruple the size of his $12 million oceanfront manse in La Jolla.
Romney has filed an application with the city to bulldoze his 3,009-square-foot, single-story home at 311 Dunemere Dr. and replace it with a two-story, 11,062-square-foot structure. No date has been set to consider the proposed coastal development and site development permits, which must be approved by the city.
The former governor of Massachusetts purchased the home three years ago. According to a description from the listing agent, the Spanish-style residence at the end of a quiet cul-de-sac is sophisticated and understated in its décor, offering complete privacy and unsurpassed elegance.
Tentative plans call for new retaining walls and a relocated driveway, but would retain the existing lap pool and spa.
This offering represents a truly unique opportunity for a buyer who appreciates the scarcity of this caliber of real estate, the listing said.
Constructed in 1936, the three-bedroom, 4.5-bathroom home was among the first built in the Barber tract neighborhood, according to the La Jolla Historical Society, and has a stretch of lawn sloping to the white sand beach.
(Excerpt) Read more at signonsandiego.com ...
. I detest Mitt Romney but he did not inherit the majority of his wealth. While George Romney was indeed his father, Mitt Romney was involved in Bain Capital which specialized in the streamlining (break-up) of companies into more profitable entities. He turned around Staples. That's where most of his wealth comes from.
He is easily confused with Donald Trump, because Donald Trump, who did inherit tens of millions, is also a liberal-turned-conservative politician.
He’s a highly accomplished businessman. “Indeed, during the 14 years Romney headed the company, Bain Capital’s average annual internal rate of return on realized investments was 113 percent.” Wikipedia.
why all the criticism of a guy investing in land and building a nice home
Have to agree with you W.J.....some of you should be over at DU. You sound jealous of his success.
It’s his money, not yours that he is spending.
He invested in cattle futures?
Doesn’t Romney buy the global warming nonsense? If he really believed it, why would be buy coastal property which will just be swallowed up by rising sea levels?
I’m not going to criticize him for this. While it might seem gaudy to some, he’s spending his money in the economy. Even if he was building the addition with his bare hands, he’d still not to buy the supplies to do so, which I’m sure the stores would appreciate. But he’s not building it with his bare hands, so the contractors that he hires to do the addition will undoubtedly need to hire quite a few people to do the construction, plumbing, weldnig, etc., and all of those workers will spend the money they earn, so this is hardly a bad thing. It’s not like the construction industry is flooded with jobs right now.
Exactly, at the left-wing sites they will tell you the rich hoard their money and don’t do anything to help the economy.
At least he is building it with his own money, unless the Clintons who have “friends” build it for them.
So? Who cares if the man spends his money on a big house?
And that is why he is so good with the bullshit.
Mitt spent 35 million of his own money in 2008 on his campaign.
Building that home at this time is just more fodder for the liberal press and is not a wise decision.
Won’t make much difference...he has about as much chance of getting the nomination as a zero getting re-elected. Perry will run away from the crowd unless Palin gets in and I doubt that she does. She’s a smart girl and knows her negatives are very strong in some key states.
[why all the criticism of a guy investing in land and building a nice home
Have to agree with you W.J.....some of you should be over at DU. You sound jealous of his success.
Its his money, not yours that he is spending.]
No one questions what he is doing with his money, just don’t try to tell us he is “a man of the people”. Being tone deaf isn’t something I like to see in a presidential candidate. If being a rich guy was a qualification for president, either Warren Bufet or Bill Gates would be the pick.
Who said he’s a “man of the people”?
Is he campaigning as a “man of the people”?
Was Obama a “man of the people”?
He’s a wealthy politician who has bought land and wants to build a house. So what?
3,000 sq. ft. is a “quaint bungalow” in La Jolla.
Is it possible he doesnt WANT to be President? What a tin ear.”
This is the real issue. Meme from MSM: wealthy and out-of-touch country club twit.
Architects have included space for the USSS and other security measures..and then Mitt will pull a Biden and “rent” it to the US government..
This is not what Buffett wants to do, however. He wants to pretend that he actually cares because he knows that even if most of his income was in fact subject to federal income taxes, that Congress isn't going to pass any tax increases right now. Thus, Buffett gets to pontificate to the NY Times about how much he cares for the plight of the poor and the unfortunate, while simultaneously doing nothing to help alleviate their plight.
I don't like Romney. I think he is a RINO of the first order, but at least he is putting his money where his mouth is when it comes to stimulating the economy.
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