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Ray Dolby's San Francisco Mansion For Sale...
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3500ft2 is a mansion now? While not tiny, it wouldn't qualify as a mansion in most neighborhoods. $5.25M for 3,500ft2 is very high in most America but, as Jim says, in San Francisco...it's probably a bargain! I just checked current listings...a 5,302ft2 is currently $1,164,900, in Annapolis, MD. I'm sure it doesn't have the "media room" that Ray had.
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Given that, per Wikipedia, his widow is worth $5.5bn, I'd be surprised if it was their only residence. One of my (home theater) service contract customers is "only" reputedly worth around $4bn, and has two mansions in the most expensive parts of the LA Metro, a yacht, and a private jet.
There again, there are some multi-billionaires who choose to live below their means. Dolby may have been one of them. From everything I've read about him, he was motivated by the desire to create technology, not money.
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I think even if I was a billionaire, I would just want one house. If I had several, I'd be constantly leaving stuff in the wrong house, or forgetting where I put stuff. It's bad enough with just one house.
I also never understood the desire rich people get to have a GIANT house. To me that could be a huge pain too. "Where did I leave my glasses?" "Oh, they're in the bedroom." Which happens to be on the other side of the house, half a mile away. I have no problem with a big roomy house but some of these mansions are just over the top. I guess you have to have the bucks to understand the point.
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I can understand a big-ish house so you can have rooms dedicated to a home theater, studio, video games, stereo listening, maybe an indoor horse track, olympic pool, indoor race track, indoor quarter mile drag strip, a sewing room, and a walk in closet. But nothing too big. The important thing is to always live below your means.
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Originally posted by Joe Redifer View PostI can understand a big-ish house so you can have rooms dedicated to a home theater, studio, video games, stereo listening, maybe an indoor horse track, olympic pool, indoor race track, indoor quarter mile drag strip, a sewing room, and a walk in closet. But nothing too big. The important thing is to always live below your means.
I've lived in big and in tiny houses over the years, I've come to the conclusion that a big house is just big troubles, in the end you spend most of your time in a few of those rooms, the rest either will become storage or dead space. Also, a big house means big upkeep and instead of spending your resources on that, I'd rather spend them on stuff that matters more to me and my family.
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