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Spin The Sale Of The House

SOLVED!

UPDATED!

[Blind Gossip] We’ve talked to you before about this TV Lady’s many issues.

Her popularity has definitely waned from its peak, and the public does not look at her the same way they once did.

That diminution of stature and reputation also means a diminution of income.

She is not broke by any means, but her monthly expenses are huge. She is running into some cash flow issues.

So she is selling her really big house.

This is not a second home. It is her primary residence. She completely customized to her lifestyle. A year ago, she was definitely not even thinking of selling it, so her decision to sell is not a happy one.

With all she put into it, will she make a profit?

Even though the housing market is hot right now, and even though she customized it a lot, she knows she will probably have to take an overall loss on it when it sells.

Our TV Lady has a very big ego. She knows how to spin even bad things to make herself look good. Thus, she will likely make it seem like she did well on the sale.

Even if she doesn’t.

Time to call a moving company… and her publicist!

Similar: House Is Part Of The Loop

TV Lady:

[Optional] What do you think will happen to the housing market in the next year?

SOLVED!

TV Lady: Kate Gosselin

Kate Gosselin of Jon & Kate Plus 8 is selling her house!

Your friends at Blind Gossip told you a couple of weeks ago that this was going to happen. The house has now been listed for sale.

Kate and her ex-husband, Jon Gosselin, purchased the home in 2008 for $1.1 million.

The picturesque property became the setting of the reality show Jon & Kate Plus 8 which featured the Gosselins raising their family of eight children, including a set of sextuplets.

When the couple divorced in 2009, the show was changed to Kate Plus 8 and continued to follow Kate as she raised her kids.

The Gosselin twins are now 20 years old, and the sextuplets recently turned 16.

The house and property are HUGE.

Built in 1997 – and completely customized by Kate and Jon at the height of their fame – the house is 7,591 square feet and has six bedrooms and seven bathrooms.

From People:

Kate Gosselin Is Selling Her Kate Plus 8 House for $1.2 Million

Kate Gosselin is parting ways with her family home.

The Kate Plus 8 star’s Wernersville, Pennsylvania, abode has hit the market for $1,299,990.

As seen on her popular TLC series, which also starred twin daughters Cara and Mady, 20, and 16-year-old sextuplets Hannah, Collin, Leah, Joel, Alexis and Aaden, the 7,591-square-foot residence sits on 23 acres of private land surrounded by mature trees, grassy fields and lush greenery.

Built in 1997, the house boasts six bedrooms and seven bathrooms, as well as a family room and game room that connects to the backyard patio. There are oak and cherry hardwood floors throughout. A hunter green front door decorated with ornate glass work opens to a spacious two-story foyer.

A chef’s kitchen can handle meals for a large family, with a oversize island, three ovens, six-burner cooktop, and two dishwashers, as well as a casual dining area and bar seating.

Kate and ex-husband Jon Gosselin bought the house in 2008 for $1.1 million, according to E! Online.

The pair, who were introduced to the world on Jon & Kate Plus 8, divorced in 2009 after 10 years of marriage.

While Kate will likely say that she is downsizing because the kids are getting older, the truth is that she simply can’t afford the property anymore.

Kate Gosselin was on TV almost continuously from 2007-2017, but as the kids grew older and some moved away (voluntarily and involuntarily), it became more difficult for her to draw an audience.

The family has fractured, with some of the kids living with her and some living with Jon (see The Shuffled Child for details).

Additionally, Jon has legally blocked Kate from using the kids to film more shows (see Super Mom Panicking for details).

Kate has tried to capitalize on her fame in other ways, including a stint on Dancing With The Stars, but she has been unable to generate the kind of income that she once enjoyed with a successful TV show.

Her most recent show, Kate Plus Date, did not fare well in the ratings.

The audience was always interested in the kids. Kate Gosselin’s love life? Not so much.

The house was purchased in 2008 for $1.1 million.

Jon and Kate poured a lot of money into customizing the home and the grounds for their family and to make it “TV ready.”

Twelve years later, Kate Gosselin is now listing the home for just under $1.3 million.

She will take a loss on the sale of this house.

Her next home will likely be a smaller home on a smaller property… with a smaller mortgage.

Congratulations to Thisisreal for being first with the correct response!

UPDATE!

The Gosselin house was purchased in 2008 for $1.1 million.

Kate and Jon Gosselin put a ton of money into updating the house.

The house was listed in 2020 for $1.3 million.

The house just sold for $1.085 million.

From The Sun UK:

Kate Gosselin sells Pennsylvania family home for over $1M as ‘unemployed’ star battles ex Jon over custody in court

KATE Gosselin sold her mansion for over $1 million after her ex-husband, Jon, claimed their kids were “super upset” about the move.

The Sun can exclusively reveal Kate, 45, officially sold her Pennsylvania home for $1,085,000 on January 26 after putting it on the market for $1,299,900 in October.

Kate bought the six-bedroom, seven-bathroom home for $1,120,000 in 2008.

The mansion sits on 23 acres of land.

Is the house really a mansion? While some people call any big house a mansion, U.S. realtors technically define mansions as houses that have at least 8,000 square feet of floor space.

The Gosselin house is 7,591 square feet. So, close.

Zillow, which is in the business of trying to sell as many houses as possible, calls every house over 5,000 square feet a mansion. That way, more people can claim they live in “a mansion”! It’s a marketing thing.

A source told The Sun: “Kate has been struggling with money because she hasn’t worked for a while.

“She has been living off the money she made in the past but it’s been years since her last job.”

Your friends at Blind Gossip told you months ago that lack of money was the real reason she was selling the house.

The insider claimed her TLC show, Kate Plus Eight was her “last stint in the business” after it was canceled.

She now has plans to uproot her family and move out of the state, which could cause further problems with her ex-husband Jon, who still has custody of two of their children, Hannah and Collin.

The source continued: “She is a trained nurse but hasn’t been applying for nursing jobs. She just doesn’t see herself as a nurse anymore.

Of course she doesn’t.

Perhaps she should consider a career as a hairdresser?

“She wants to be a star and the kids are all grown up it seems like it’s time to move on but that’s not easy to do. Kate needs to move on and work but instead has decided to sell the home and leave Pennsylvania.”

The insider added: “She has plans to move out of state and Jon has joint legal custody of the kids so she will have to tell him her next move.

“The kids will be 18 in a year and a half and it’s the end of an era. It will be nice for Jon to not have to have his ex-wife in the same area.”

Their ugly marriage and divorce and custody battles feel like they have been dragging out for decades.

We’re glad it’s almost over!

Related: Super Mom Panicking

Related: The Shuffled Child

Reader Interactions

Comments

  1. seattlemonkey says

    Bwah-ha-ha! Couldn’t happen to a more deserving person. Kate Gosselin – girl, BYYYEEEEEE!!!!

  2. antisocialwonder says

    It’s Kate Gosselin (spelling?). Her house is for sale and she isn’t working anymore. Two kids moved out for college and another two ran away from her like they were on fire to live with their dad. That woman has the most deluded case of main character syndrome I’ve ever seen. She was never the star, her kids were. Add Sweet Home Sextuplets with a mom of 9 who is sweet and never yells at her kids and gets along with her husband and…who would want Kate back? TLC upgraded to a nicer family.

  4. MinnieMe says

    Ellen.

    If Biden wins, the economy will go into the toilet along with house prices. Everyone he wants to pay all the big taxes will leave the country, leaving no taxes except for the people who cannot move to another country.

  7. NoseyNana2008 says

    I don’t think she spent $15m on renovations rather than the improvements make the house worth $15m more.

  11. rayodeplata says

    So the blind implies that she spent more than $15 million in renovations??? These numbers are so huge I can’t even think how to spend so much money in one home

  12. queenpin says

    Ellen

    Is the housing market in California hot now? I thought people were trying to leave. I predict the housing market will be abysmal in certain areas – California, New York.

  15. Baileygirl says

    Oprah Winfrey. Clue: “many issues” refers to Oprah magazine. She is definitely not hot with younger folks.
    I think the housing market will get stronger if Trump is re-elected. Trump 2020!!!!!

    • KathyP says

      I’m with you on this one. It’s Oprah. I’m surprised it has taken this long in the comments before she was mentioned.

  19. wfreshie says

    must be ellen I saw she is selling her main house she and portia are living in…she will sell at a loss but will spin and make herself look good

  27. deepsigh says

    Ellen

    If Donald Trump is re-elected, the economy will boom. Maybe not in crazy unfunded mandates CALI though. People can’t leave that state fast enough.

    Biden will tank our economy. New taxes. Bad trade deals. Loss of consumer confidence…

  30. itsjustanothergirl says

    Ellen DeGeneres.

    The housing market is a bit of all over the place. I think we’re still seeing a lot of increases in the larger markets, but smaller cities and homes are not going to do well.

  36. righto says

    Ellen. I saw an article about it, it said she bought for 27m and is selling for 39m. But they have a lot of houses, she just have to move to one big enough to fit her ego… it was a cool house, though
    optional: I think houses in smaller satellite towns will have a surge on prices, duo to the city dwellers trying to stay away from the high population density

  38. The Big D says

    Ellen DeGeneres
    What happens with the housing market depends on how our economy recovers from the pandemic. I think we will see great deals on houses because people will lose their homes so there will be good with the bad.

  48. smlopez5250 says

    This is Ellen Degeneres.
    Totally going to take a hit on the balance sheet. She’s done tons of really high end renovations. But her name lost all its caché now.

  51. theheb says

    Ellen DeGeneres

    Optional] What do you think will happen to the housing market in the next year?

    I think it’ll cool down soon

  54. TeacherKat says

    Ellen DeGeneres.

    Optional: not sure. But I’m glad there are repercussions for her behavior.

    • Princesspc says

      If it’s a celebrity, I am sure they’ll be ok since they make an obscene amount of money.

  59. kellyp says

    The markets in California, New Jersey and New York are going to crash. People are leaving in droves. Eventually, the last person to try to sell is going to get burned.

  60. Iamamazingamy says

    Markle. Her ego will be her undoing.
    It’s going to be another real estate crash like 2007/2008 monetary crisis

  62. amagod121 says

    It’s Ellen DeGeneris.

    Housing market will drop quite a bit if new President takes over. And it will crash if that occurs plus if COVID-19 keeps eating away at jobs.

  65. eddieslady84 says

    This makes me think of Martha Stewart, people’s perception of her is way different than before after her stint in prison and the “even bad things” comment seems like it could be a play on her “it’s a good thing” catchphrase….but last year her net worth was in the neighborhood of 600+ million so I don’t know….

    • NoseyNana2008 says

      I feel her friendship with Snoop Dogg has given her a new market of younger fans. I’ve always felt she was a little too bougie, but is much more likeable now and I’m 62!

  71. JoshuaTree says

    Ellen DG putting her Moneticto estate on the market after completely remodeling it to look like a Balinese resort. Bought it for $27M, asking $39.9M but had put so much custom work into it she won’t likely profit even with the asking price.

  77. High Steppa says

    Ellen D. I think interest rates will remain low and certain markets outside of large cities will heat up. Cities like SF, LA, and NY will definitely cool down.

  82. luddite2 says

    Ellen. If Trump wins, market stays strong with economy. If Biden wins, it sinks in fear of raised taxes.

    • hazura jane says

      Biden’s tax policy is to raise taxes on $400K+ income.

      That doesn’t translate to tanking the housing market.

    • MademoiselleRose says

      Biden has already said he’s not raising taxes on anyone earning an income under $400,000. That counts out tax rises on most of America. Only the 1% is being targeted. Why shouldn’t they pay more, they earn more than they can spend in a lifetime?

    • TeacherKat says

      Many different analysts -left, right, and center – have stated that under Biden’s tax plan the majority of Americans will see their taxes increase.

    • Princesspc says

      Um..Biden said he’s going to give 1st time home buyers 15,000 in U.S. dollars on a down payment for a new home. I am praying he’ll actually find a way to do this. It will help me greatly.

  85. kbeveryday says

    Ellen DeGeneres.

    Over the next 12 months as people continue to spend more time at home due to the pandemic, we’ll continue to see demand exceeding supply in the housing market. Then, in 12-24 months, I think we’re going to start seeing foreclosures.

  87. Gerseychick says

    Ellen…Finally getting what she deserves for being horrible to staff for years …Good…

  88. HarlowB says

    Ellen

    I think housing prices will continue to go up. Those who can afford it will buy property and make money off those who can’t afford their mortgages