I mean, you pretty much answered your own question with "blow" which doesn't indicate it being a worthwhile purchase.

The people I know who have done well in business don't have extremely fancy houses anyway. They vacation a lot.

Why bother going through the struggle of becoming a CEO just to work for one year as CEO then go live in a regular house? Does not make sense at all.

People's priorities change. Maybe you're driven and got that kind of position and then think shit I can leave this and live well for the rest of my life.