Dr. Phil Buys Beverly Hills Estate for $29.5M: Is He Nuts?

TV talk show titan and best-selling author Dr. Phil is moving to another part of the 'hood. Phil McGraw and his wife Robin bought a Beverly Hills estate for $29.5 million after listing their existing Beverly Hills home last month at $16.5 million. Since the old place hasn't sold yet and the good doc still went ahead and bought the new one, we can only observe that perhaps the recession hasn't affected everyone equally.

The biggest difference between his old Mediterranean villa and his new Mediterranean villa is size, which apparently does matter after all to Dr. Phil.

Does he have a solid head on his shoulders about this purchase?