The newest owner of the iconic Brady Bunch home thinks the house’s former owner, the HGTV network, paid too much money when it purchased the property in 2018 because it didn’t have modern appliances or conveniences.
“No one is going in there to make pork chops and applesauce in that kitchen,” Tina Trahan told The Wall Street Journal. “Anything you might do to make the house livable would take away from what I consider artwork.”
Trahan, 53, who lives primarily in Bel Air and admits to being a fan of the sitcom, paid $3.2 million for the house located in Studio City, Los Angeles, which is about 9 percent less than HGTV paid for the home in 2018.
Even at the bargain price, Trahan admitted the purchase was “the worst investment ever” and said she plans to use the property for fundraising and charitable events.
HGTV spent around $2 million restoring the property’s interior to resemble that of the home in the sitcom. ABC Photo Archives/ABC via Getty
“Nobody is going to live in it,” she told the WSJ. “It’s almost like a life-size dollhouse.”
Trahan, who has been married to former HBO chief executive Chris Albrecht since 2016, claims to be a historic home enthusiast and fan of The Brady Bunch sitcom and 1995’s The Brady Bunch Movie.
“I thought that was hilarious,” she said of the movie, per the WSJ.
The network bought the home In 2018, (famously outbidding Lance Bass) for $3.5 million, almost double the listing price. The iconic facade was used for exterior shots on the sitcom, but its interior scenes had been filmed on a soundstage, so the inside of the real house didn’t match what viewers remember. A slew of HGTV stars and the six actors who played the Brady kids in the series completely renovated the interiors of the home on the series A Very Brady Renovation.
Tina Trahan is the new owner of “The Brady Bunch” home. She is married to former HBO chief executive Chris Albrecht.
GP/Star Max/GC Images
Prior to HGTV’s purchase, the home had remained within the same family for five decades.
The house, which is estimated to have been built around 1959, now spans more than 5,000 square feet. The famous orange and avocado-green kitchen has been replicated to appear exactly as it did in the series. Now with five bedrooms and five bathrooms, HGTV added an additional 3,000 square feet to the home in the form of a second level, according to the home’s listing.
While WSJ reports that HGTV spent about $2 million renovating the home to resemble The Brady Bunch interior set, initially the plan was to upgrade the home to the tune of $350,000, according to official city records first reported by The Blast and obtained by PEOPLE.
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Listing agent Danny Brown of Compass reportedly told the WSJ the property was difficult to price, and HGTV reportedly debated listing the property between $3 million and $10 million.
“There’s no normal average family that could move in there and live in it, so it was almost like you were selling a fixer,” Brown said. “What am I going to compare it to, the Freddy Krueger house on Elm Street or the Home Alone house?”
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
