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Reader Comments (Page 1 of 1)
11-29-2010 @ 4:14PM
Spectacular Bid said...
I like the restoration work as its remained true to the classic architecture. The facade at the forecourt looks a bit naked but clean and proportional. Inside the restoration has worked quite well with the modern hints incorporated nicely with the traditional layout. It has everything expected to be found in a home of the era - generous spaces, fine work floors and paneling. Props to the restraint on the kitchen from being some sort of theater space. 5 years from now kitchens won't be the focal point everyone makes it out to be today.
Perhaps I am cynic here but are we supposed to dance around the May pole in celebration of Andrus because he is dangling a 15% charity carrot around this sale? Keep in mind he'll be seeing that amount written off against his taxes and any would-be capital gains so in reality it is still purely a benefit for him.
Charity would've been to pour the $7M he spend in upgrading the home directly into a charitable organization. Instead on the back end (after enjoying the benefits of all those invested restoration dollars) he'll cough up maybe $1,875,000 to charity.
I'm not one of these folks who is telling anyone what to do with their money. However in this case the owner/seller is trying to make a point with charity. In that case I see it as relevant to discuss the full picture where donations come in.
Reply
11-29-2010 @ 4:37PM
JLS said...
Don't diminish his gesture. We all know he will get to claim it on his taxes, but not anyone posting here is doing anything close to this. Let's not be so negative about it.