Despite the current real estate slump in the USA, luxury homes are not slipping with the rest of the pack. This may be due to the tight market inventory for trophy-homes as explained by real estate experts. Nevertheless, they clarified that sellers for this type of market are more flexible now than they were a year ago. On the other hand, wealthy Americans feel this is a good time to invest in properties and are more inclined to meet sellers halfway when it comes to quality real estate.
At the top of our $100 million list in the market this year is a $165 million Beverly Hills mansion once owned by William Randolph Hearst, a Jacobean manor on 40 acres in Greenwich, Connecticut, and a Los Angeles château, both priced at $125 million; and another in Nevada’s Lake Tahoe on 210 acres of land with its own private cove priced at $100 million. The Portobello estate in Corona del Mar, California, which has a listing price of $75 million did not breach the $100 million mark even though it has eight bedrooms and 30,000 square feet of interior space, not to mention its own private beach.
Meanwhile, I’d like to go off-topic here and show you pictures of the the first billion dollar home, which is not in America, owned by India’s richest man. If you want to talk about indulgence and opulence, this is the epitome of it. No pun intended on the rich people out there, but I do find things like this absurd and useless — a hands-down waste of money and life. Had I been lucky enough to get my hands on that much money, I wouldn’t waste it on something as stupid as this. And Angelina and Brad are questioned for their charity works . . .






This last picture is the first six floors of the building which is the garage for the family’s vehicles — I don’t think we have to imagine how many those are. It will also house a full-pledged theater/cinema and a health plaza. The partially-finished 27-floor tower is located in Mumbai and owned by Mukesh Ambani (6th richest man in the world). It is named the Antilla and will serve as the home of his family. It is expected to cost $2 billion upon completion.
Now, I realize why I find Buffet’s humility and simplicity admirable.
Tags: Antilla,Beverly Hills mansion,first billion-dollar home,luxury homes,Mukesh Ambani,Mumbai
Categories: Home Improvement, Money & Business
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