The ultra-rich are still buying $50-million homes (in case you were wondering)

The ultra-rich are still buying $50-million homes (in case you were wondering)


The Malibu beach house of billionaire philanthropist Eli Broad recently listed for $75 million. (Berlyn Photography )

 

Image_10.jpg
Kylie Jenner’s modern mansion spans 15,000 square feet with seven bedrooms and 14 bathrooms.(Realtor.com)

 

HRES-83_PS.jpg
David Kramer’s new $100-million listing covers 41,000 square feet with a recording studio, indoor lap pool and basketball court.(Compass / Hilton & Hyland / Westside Property Group)

Ira Meltzer is the busiest he’s been in 35 years. As the managing director of residential financing firm One Million Dollar Plus, he specializes in securing massive home loans for celebrities. Over the next month, he’s set to close more than $90 million in financing.

Apparently, the ultra-rich are still buying homes.

Although sales on the lower end of the market have all but seized up, the pandemic (and the new showing restrictions that have resulted from it) has done little to slow L.A.’s luxury market.

Keep Reading


Leave a Reply

Your email address will not be published. Required fields are marked *