Mitt Romney has outgrown his $12 million, 3,009-square-foot beachfront home in La Jolla, California. The presidential candidate and his wife plan to bulldoze the house after the election is over and replace it with one nearly four times the size, because, a spokesman says, “with five married sons and 16 grandchildren it is inadequate for their needs.” It’s unclear why Romney couldn’t wait a year before reminding voters that he is rich enough to do this. [WP]