Re: ten dumbest poker players
[ QUOTE ]
His house in Palo Alto has to be worth $2m at a minimum. That's community property though so I'm not sure it counts. It also could have a decent mortgage, but assuming he purchased prior to the big real estate boom, I'm sure he's way above water on it. It's a nice house in the very best section of a rich town.
[/ QUOTE ]
Many people around here (and elsewhere in the country) have refinanced many times, pulling out the equity and spending it on some useless crap. So, it's not guaranteed that he has any equity in his house even if he bought it 5-10 years ago. No question that it was a financial windfall for him -- it's just not clear that he still actually has that $$.
|