Gov. Newsom bought a $9,100,000 Bay Area mansion to relocate his family. How to invest in real estate without millions
Yahoo Finance·2026-01-08 10:37

Group 1 - California Governor Gavin Newsom has purchased a $9.1 million mansion in Marin County, indicating an upgrade from his previous $3.7 million home in Sacramento County [2][3] - The new property features six bedrooms, floor-to-ceiling windows, a swimming pool, and a spa, showcasing the luxury real estate market in Marin County [2] - The average home price in Marin County is estimated at $1,396,277, while California's overall average home price is $754,304, significantly higher than the U.S. average of $359,241 [4] Group 2 - Real Estate Investment Trusts (REITs) provide an accessible way for investors to engage in the real estate market without the complexities of property ownership [5] - REITs are required by law to distribute at least 90% of their taxable income as dividends, offering a stream of passive income to investors [6] - Some REITs focus specifically on California's real estate market, presenting opportunities for investors interested in this lucrative sector [6]