Wednesday, July 31, 2013

The Minimalist's Thirty-Million-Dollar House

Near the end of May 2013 it was reported that New York Yankees third baseman Alex Rodriguez’s Miami home had sold to an unnamed buyer for $30 million, making it one of the most expensive home sales in the city’s history.

Rodriguez bought the property for $7.4 million in 2010, and spent roughly the same amount on building the house, which was finished about a year later. Less than four years after starting construction, Rodriguez was able to sell the house for a profit of somewhere near $15 million.

Now, we don’t object to making a profit—in fact, if we someday sell our own home for an extra fifteen million dollars, then so be it. That bothers us even less than it bothers us for to describe a 20,000-square-foot house—one with nine bedrooms, eleven bathrooms, home theater, and an outdoor kitchen (as well as the more mundane indoor gourmet kitchen)—as “minimalist.”

See if you can guess which of these houses is the quaint,
minimalist bungalow formerly owned by Alex Rodriguez.

We do admit, however, to being a little puzzled. In one of the worst housing markets and worst overall economies most living Americans have seen—or at least can remember clearly—this house was sold after less than four years for twice its previous price. What kind of luck is that?

Honestly, who on Earth gets paid tens of millions of dollars in order to get something that’s just going to sit there, inert, doing nothing but getting older and more and more run-down, and may well have been built using illegal materials in the first place? 



Oh wait—

Yeah, we remember who now. Alex Rodriguez.