smarty
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Janelle Brown: Smarter Than Your Average Brown (Maybe)
smarty replied to Rhondinella's topic in Sister Wives
I really hope she didn't have to pay it off all by herself. They owed $292,400 on it, and at BEST Janelle's 1/4 share of the entire original purchase price of $820,000 would be $205,000. Her legal 1/3 share of one plot (piece with her, Kody and Meri) plus 1/2 share of another (piece with just her and Kody) would only be $145,000. Kody making Janelle figure out how to finance all that money when he stands to gain 75% of the land as it's legally titled is CRAZY and indicative of how he doesn't have their best interests at heart! -
How Meri can think that Kody will treat her fairly is beyond comprehension. Does anyone remember how when Robyn and Meri lived next to each other in Las Vegas Kody fixed up Robyn's backyard into a green park with a gazebo and grass and Meri's backyard was a dusty wasteland? Right Meri, he'll make sure you are taken care.
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If you break down how the original land cost by who was on the deed: 1. Christine, Kody and Robyn : $300,000 (Christine was taken off in 2019) 2. Kody and Robyn: $170,000 3. Kody and Janelle: $170,000 4. Kody, Janelle and Meri: $180,000 So legally Janelle owns half of $170,000 and one third of $180,000. Meri only owns one third of $180,000. This is exactly why they say polygamy is unfair to the "not legal" wives. Janelle and Meri will have to sue for their fair share - which at the least is 1/4 the total of Coyote Pass and a share of the $222,500 down payment on Robyn's house. No way should Janelle only be walking away with $145,000 and Meri $60,000 that they legally are titled to on Coyote Pass. Plus, that's not even taking into account the lump sum payment of $292,000 that was made in June of 2023 to pay off Coyote Pass. Who put that money up? I'd assume it came from the family account but if not, Janelle had to pay a share of that cutting into her net "estate".
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I look at it this way: they paid $820,000 for all of Coyote Pass. If each of them owned an equal share (all 5 of them), in 2018 they each had $164,000 equity in it. They gave Christine $130,000 to put down on her house in Flagstaff. They gave Robyn $222,500 to put down on her house in Flagstaff. Christine quit claimed her share of Coyote Pass over to Kody when she left, but she kept the down payment and increase in value of her house (she sold it for $180,000 more than she paid for it plus she kept the $130,000 down payment). So lets say Christine walked away with $310,000 (ignoring realtor fees). If Meri, Janelle, Robyn and Kody split Coyote Pass equally NOW they each have $820,000/4 = $205,000. Probably somewhat more, because you'd assume the land appreciated in 6 years. But Robyn still comes out WAYYYY ahead, because the house they bought for $890,000 sold for $1,775,000, for a gain of $885,000. And as far as has been shared on the show, neither Meri nor Janelle got a share of the $222,500 down payment back either. So she's sitting on $885,000 appreciation + $222,500 down payment = $1,110,000 worth of equity. Plus she still gets her share of Coyote Pass. Janelle really lost out....
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Christine Brown Woolley: Nacho Sister Wife Anymore
smarty replied to Rhondinella's topic in Sister Wives
They are currently on a "second honeymoon" trip to Spain I believe. I'd guess that Ysabel or Aspen comes and stays with her when they travel, and maybe one of David's older kids checks on them too. -
Right - we made haystack cookies with crunchy chow mein noodles and melted chocolate back in the day.
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What were they eating in the scene with David and the family? Christine called it Japanese Sundaes. She said something about chinese noodles, chicken, cheese, soup, almonds and pineapple if I heard her correctly. Did she mean the hard crunchy chinese noodles or lo mein type noodles? I'm having a hard time picturing what it is.
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That somewhat explains why the buyer paid over asking, because the original listing was only for the house, with the option to also buy the adjacent lot. The final sale included the next door lot so that would easily have made it worth an extra $100,000.
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For all our talk of Kody not being good with finances, they sure proved us wrong! They made $885,000 on a house they did very little improvements on and that reportedly needed significant work (the rotted deck etc) . With that kind of equity no wonder they could afford a $2.1 Million dollar ranch. Hopefully with this infusion of money Janelle and Meri got their part of the down payment back, and also bought out of Coyote Pass. That is the minimum he owed them.
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Wow, someone paid OVER the asking price?
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Christine Brown Woolley: Nacho Sister Wife Anymore
smarty replied to Rhondinella's topic in Sister Wives
There was much less PDA in this week's episode. Maybe they were overboard in the last episode because they were looking at wedding venues and it made Christine overly romantic? -
It was absolutely frustrating how Kody refused to talk with Janelle about financial stuff. As Janelle pointed out, it was mid February and the Coyote Pass property had to be paid off by June which was 3 months away. She had every right to know what Kody intended to do in regards to paying them off! Coyote Pass is/was the only thing Janelle was taking from the marriage. Kody obviously wasn't giving her alimony or child support. He is such a jerk that he doesn't feel like he owes her one single dollar in the divorce?
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Honestly, just seeing my dad buy a $2.1 Million dollar mansion while fighting my Mom to get her far share of the joint property/child support would make me angry. It's all well and good to say kids shouldn't be brought into their divorced parents' disagreements - but if your father is actively trying to cheat your mother out of her fair share then it is valid to choose not to have a relationship with him.
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What do you suppose the land out at Coyote Pass is worth these days? Houses in Flagstaff have almost doubled in price since 2018 but have land prices also increased that much?
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If you run one of those online calculators that tells you how much mortgage you can qualify for based on your income, he'd need to have an income of $600,000 a year to qualify for a loan of $1,680,000. Does it seem likely he and Robyn bring in $600,000 a year?