Re:The Making of a $500M Mansion in L.A.
by applecore on Wednesday November 11, 2015 @08:35PM
(#10550731)
> The main thing to understand about L.A.'s growing crop of no-expense-spared spec homes is that they are not actually homes, in the usual sense of the word. Most buyers live on other continents and visit these properties for only a week or two each year, using them mainly as places to park their wealth.
No one is going to live in it. Like the most expensive art, the one-of-a-kind nature of this property is what makes it attractive (for investment purposes).
No one is going to live in it. Like the most expensive art, the one-of-a-kind nature of this property is what makes it attractive (for investment purposes).