tag:blogger.com,1999:blog-7179311615101890268.post1364066102674564206..comments2023-11-05T01:14:14.295-07:00Comments on The Real Estalker: Let's Talk Mega-MansionsYour Mamahttp://www.blogger.com/profile/14600002907755148264noreply@blogger.comBlogger57125tag:blogger.com,1999:blog-7179311615101890268.post-76744536372679512962010-01-12T23:11:13.860-08:002010-01-12T23:11:13.860-08:00you said that one of the agents selling 'The M...you said that one of the agents selling 'The Manor' has not sold a property above $10,000,000. <br />is it possible for you to tell us the agent or possible give us a few hints. <br /><br />thanksUnknownhttps://www.blogger.com/profile/12925301224596210180noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-79650437843326683482009-08-28T21:28:52.293-07:002009-08-28T21:28:52.293-07:00No borrowed funds for Iris Cantors real estate Por...No borrowed funds for Iris Cantors real estate Portfolio..<br /><br /><br />Outside the office, though, Mr. Cantor, whose net worth was estimated at more than $400 million in 1992 by Forbes magazine, moved in a very different world. A genial and generous benefactor of medical institutions and museums since the late 1960's, he and Mrs. Cantor have made major gifts to the Metropolitan Museum of Art in New York, the Brooklyn Museum and the Los Angeles County Art Museum. Driven by a single-minded passion for Auguste Rodin, he helped polish the reputation of the turn-of-the-century French sculptor through study grants and exhibitions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-24135122259694342482009-08-25T09:13:34.471-07:002009-08-25T09:13:34.471-07:00The Chadwick Mansion has been removed from the WEA...The Chadwick Mansion has been removed from the WEA websiteAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-41181875791989435562009-03-04T19:01:00.000-08:002009-03-04T19:01:00.000-08:00FWIW, rumor is work has been stopped on the Knoll....FWIW, rumor is work has been stopped on the Knoll. Ran out of money, lost it all to Madoff, who knows. Should have stopped at 50,000sf and just enjoyed living in the place!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-65278311606236177482009-03-03T02:34:00.000-08:002009-03-03T02:34:00.000-08:00I am french and i not suprise of this kind of info...I am french and i not suprise of this kind of information and specialy for Mister Lou Gonda who allready lost 200.000.000 $ in a strange business in France 2 years ago with a company named OFUP / Firsrtream. The problem is that this kind of biznessman make many people unemployment with their way of doing business and speculation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-87721261438304134622009-02-27T23:56:00.000-08:002009-02-27T23:56:00.000-08:00Thank you for this article!Personally my interest ...Thank you for this article!<BR/>Personally my interest is in the elite market and I have no interest whether the owners are "celebrities" or not. It just dsnt matter. So this is an article I have long been waiting for, so thank you momma! XxKieranhttps://www.blogger.com/profile/07278832566551148229noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-20295614590372816452009-02-27T11:06:00.000-08:002009-02-27T11:06:00.000-08:00Thank you, Mama, for this fascinating review. I e...Thank you, Mama, for this fascinating review. I enjoyed it very much. <BR/><BR/>When you have discussed historic properties in the past, I spent time looking for early photographs. One was the old Harold Lloyd estate now owned by Burkle. It is on the street behind David Geffen's property and from studying the early maps and photos, it appears as if part of Geffen's Angelo Dr. property may have been Lloyd's. That estate was just huge. Early Hollywood paradise. <BR/><BR/>EsslingVierAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-64038920531136200212009-02-27T00:25:00.000-08:002009-02-27T00:25:00.000-08:00Excellent post and summary of where the high end R...Excellent post and summary of where the high end RE market currently stands.<BR/><BR/>It will drop a lot more if they start to nationalize the banks. Also, the credit card mess is coming next and that will keep the high prices on the run.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-61012172345651490762009-02-26T08:15:00.000-08:002009-02-26T08:15:00.000-08:00Thanks Rick, that had already been said.Thanks Rick, that had already been said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-80515912541268037932009-02-25T19:04:00.000-08:002009-02-25T19:04:00.000-08:00The Malibu bluff estate that has had a $75 million...The Malibu bluff estate that has had a $75 million price tag is owned by Jerry Weintraub.<BR/><BR/>On Paradise Cove bluffs.Rickhttps://www.blogger.com/profile/17112075825576437026noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-77641173452977290922009-02-25T16:55:00.000-08:002009-02-25T16:55:00.000-08:0012:01 How is that any different than a person with...12:01 How is that any different than a person with a net worth of less than 500 thousand wanting to buy a 94 thousand dollar home?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-33590937773359286662009-02-25T12:01:00.000-08:002009-02-25T12:01:00.000-08:00Why would a person with a net worth of less than 5...Why would a person with a net worth of less than 500 million buy a 94 million dollar home?<BR/><BR/>That's a little extreme. He is not even a billionaire.<BR/><BR/>Strange.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-60769885916917774962009-02-25T11:17:00.000-08:002009-02-25T11:17:00.000-08:00Here is a link with good pictures of the inside/ou...Here is a link with good pictures of the inside/outside of the Chadwick Beach House<BR/><BR/>http://www.hemagazine.com/node/Beachy_KeenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-65481284650236119262009-02-25T08:41:00.000-08:002009-02-25T08:41:00.000-08:00This is why I hate it when people get on Mama abou...This is why I hate it when people get on Mama about the frequency of her posts.<BR/><BR/>When Mama posts, she really posts! No blurbs, nothing sloppy.<BR/><BR/>Tons of details and lots of original thoughts.<BR/><BR/>Trust me, it takes a lot of time and energy to turn out a blog post like this one right here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-87869446286644850042009-02-25T05:24:00.000-08:002009-02-25T05:24:00.000-08:00Yep. None of the emperors have any clothes...Anon,...Yep. None of the emperors have any clothes...<BR/><BR/>Anon, it's a good thing you're not being charged per inch of column space.hello gorgeoushttps://www.blogger.com/profile/15257391996828119047noreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-28066912982249561672009-02-25T03:23:00.000-08:002009-02-25T03:23:00.000-08:00You have uncovered the conundrum of real estate Ma...You have uncovered the conundrum of real estate Mama.<BR/><BR/>Who do the wealthiest people in the world sell their homes to? Especially when they want multiples of what they paid for it?<BR/><BR/>God?<BR/><BR/>Let's crunch some numbers on the 'ol abacus together.<BR/><BR/>We hear about "cash" on the sidelines.<BR/><BR/>There are 7 trillion in deposits in banks around the country.<BR/><BR/>If we take the bottom 99.9% of the roughly 100 million households and give them 10% of the cash (700 billion) each <I><B>household</B></I> has an average balance of approximately $7000.<BR/><BR/>Of course, many live in poverty and paycheck to paycheck. Regardless...what are people's bottom lines? Not stock, 401k's, pensions etc. Cash. FDIC insured cash in the bank.<BR/><BR/>So I guess there are plenty of that 99.9 percent that have a few hundred thousand in cash. Perhaps even a million. Not enough to afford the plethora of even $10 million+ homes for sale let alone $50 million.<BR/><BR/>On the flip side, how much cash does that top .1% have? Well, take away the top .01 percent and they probably control about $5Trillion.<BR/><BR/>$4Trillion divided by the other 90,000 households <I>(the top .1%)</I> is approximately $45M per household.<BR/><BR/>Not enough to get into this top bracket of course. I'm sure they have debt also.<BR/><BR/>Then there is the top .01%. 1000 households. We'll give them $2.3T of the cash. Remember...most of their paper "wealth" went "poof".<BR/><BR/>2.3 Trillion divided by that would be 2.2 Billion. Of course, that's wrong. There is probably more in the lower brackets. Still not enough however.<BR/><BR/>So, the question is. How many houses of this caliber are there compared to how much CASH is actually out there right now.<BR/><BR/>The "rich" have plenty of debt also.<BR/><BR/>Must be getting uncomfortable for some of them.<BR/><BR/>I'd love to see a post of HELOC's of the "Rich and Famous"...or just their debt levels.<BR/><BR/>We already know that there really isn't much "Cash on the sidelines"<BR/><BR/>Sellers...welcome to reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-58874423364532201212009-02-24T21:23:00.000-08:002009-02-24T21:23:00.000-08:00I wonder if there is a special hell for average jo...I wonder if there is a special hell for average joe ?<BR/><BR/>Oh - it's called "life".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-74326576904306199052009-02-24T20:55:00.000-08:002009-02-24T20:55:00.000-08:00anon 7:25 - I agree with the gist of your stateme...anon 7:25 - I agree with the gist of your statement, though you might have a bit more sympathy.<BR/><BR/>when we bought my house in 1989, the interest rates were near 10%, and since we only had 17% cash down we were required to purchase mortgage insurance and pay on the policy until my mortgage was under 80% of appraised value. Our credit was checked and monthly expenses were analyzed to make sure the mortgage amount was do-able with our income. <BR/><BR/>In the last few years lenders have been selling NEGATIVE worth loans by backing a first mortgage with a 2nd and the total of both less than the (inflated) value of the house. Then the loan is sold so there's no default fallout to the original lenders/appraisers/escrow companies involved. <BR/><BR/>Or people will get a variable rate mortgage for an inflated amount thinking they'll flip a property for a profit before the balloon is due. (thank you HGTV for letting EVERYBODY think they're a fucking architect, designer, or Martha Stewart clone!) <BR/><BR/>Sorry, but I stopped believing in Santa & the Easter Bunny long ago. Where the fuck did people think all the cash was coming from? Yes, people are gullible, but ultimately I think a most of this mess is the fault of the lenders that loaned to unqualified buyers and the regulators that let them bundle shitty loans and call them 'securities'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-44174177290500690872009-02-24T19:17:00.000-08:002009-02-24T19:17:00.000-08:00I have to hand it to winnickhe goes out there, mak...I have to hand it to winnick<BR/><BR/>he goes out there, makes up a bs company with bs in the books<BR/><BR/>the investors fall for his bs<BR/><BR/>he gets billions to buy whatever he wants<BR/><BR/>he pay 94MM for a estate that he will live in until the day he dies<BR/><BR/>the investors are in the meantime homeless, moneyless, basically fucked which is why brokers should always follow that golden rule<BR/><BR/>only take on multi millionaires<BR/><BR/>only take 10% of their wealth to invest<BR/><BR/>they of course do not do that, creating an illusion of wealth<BR/><BR/>who is to blame here ?<BR/><BR/>I say the stockbrokers, their managers, chiefs of the many firms that conned many potiental millionairs out of existence<BR/><BR/>I wonder if there is a special hell for all of these greedy bastards ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-67717856425861254092009-02-24T17:55:00.000-08:002009-02-24T17:55:00.000-08:004:05 - Owlwood is another combining of estates. Ow...4:05 - Owlwood is another combining of estates. Owlwood had reportely already been combined with the property to the southeast (a former home of Esther Williams). That combined property sold for the mid-30m range. Then "The Pink Palace" was purchased from Englebert Humperdink for around 10m.<BR/><BR/>Owlwood has been home of Joseph M. Schenck (20th Century Fox), Tony Curtis, and Sonny & Cher.<BR/><BR/>Rudy Vallee, Ringo Starr, & (Mama) Cass Elliot were all owners/residents of The Pink Palace but the most famous owners were Jayne Mansfield and Mickey Hargitay (Mr. Universe & father of actress Mariska Hargitay). They painted it the signature pink.<BR/><BR/>Roland Arnall (CEO of Ameriquest and later US Ambassador to the Netherlands) was the buyer.<BR/><BR/>He tore down the Williams house & Pink Palace and closed South Carolwood.<BR/><BR/>Arnall died in March 2008. I'm sure the children are anxious to start ranting, raving, and tearing their hair about his company's part in the subprime mortgage crisis so I'll be moving on now.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-67830149154751807722009-02-24T16:48:00.000-08:002009-02-24T16:48:00.000-08:00Anything over 30 million is way too much for Los ...Anything over 30 million is way too much for Los Angeles.<BR/><BR/>If I had that kind of money, I would be on the next plane to the French Riviera.<BR/><BR/>Why would anybody waste money on this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-89454524945743787102009-02-24T16:05:00.000-08:002009-02-24T16:05:00.000-08:00didn't owlwood sell for nearly $50 million some se...didn't owlwood sell for nearly $50 million some seven years ago? pretty please mama, tell the children all about the owlwood estate! she's an old crush of mine. <BR/><BR/>about the udvar-házy village in beverly park, you can see some photos of her on the architect's website, hablinski-manion dot com. beautiful and massive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-5789317787954193252009-02-24T15:07:00.000-08:002009-02-24T15:07:00.000-08:00Regarding the Weber mansion, it is my understandin...Regarding the Weber mansion, it is my understanding that the Winnick's had archival photos of the home in its glory days and spent quite a few bucks buying back the original furnishing from antique and auction dealers throughout the world. What they couldn't find, they had reproduced according to the photographic records. The house and interior is truly amazing, even more amazing is the grounds, just gorgeous.<BR/><BR/><BR/>Hutton House Estate was a spec house that was bought new and lived in for a couple of years. During this time the home was almost completely finished; the only part of the house that was left unfinished was the HUGE basement – it has almost the same foot print as the upper floors. So out of a total of 22,000 square feet roughly 7,000+ square feet is the basement area. That’s when a contractor “flipper” bought it for the 17M. Who then went on to build out the “indoor spa with both wet and dry saunas, and gym with meditation area. Boasting a theatre with hand-carved wall inlays and concession area, as well as a wine tasting room with walk-in temperature-controlled storage racks” into the 7,000+ basement. After which point (I think) it was sold to the current owner, who’s trying to unload it for the $49M. Which is unlikely due to the fact that this home sits at the end of a cul-de-sac on a rather plain tract of upper middle class homes from the 70’s and 80’s. The street is more Sherman Oaks than Beverly Hills.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-89032551361067568962009-02-24T13:34:00.000-08:002009-02-24T13:34:00.000-08:00Beverly House doesn't really fit because like Tom ...Beverly House doesn't really fit because like Tom Gores Siena Way purchase, it is a compound consisting of multiple estates combined into one property. Realistically, I doubt he'll find a buyer who keeps it as is, someone will pick it up durning this down market for a deal and divy it up as the market comes back.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-81742901672791519712009-02-24T13:13:00.000-08:002009-02-24T13:13:00.000-08:00MAMA!!!!How much is theSteven Udvar-Házy shopping ...MAMA!!!!<BR/><BR/>How much is theSteven Udvar-Házy shopping his place for? His compound is insane in Beverly Park.<BR/><BR/>Hazy bought lot 47, 50, 51 (50 & 51 were combined by the developer) & 52 in Beverly Park and took over Beverly Park Court turning it into his own driveway. It ends up being about 12 acres, thats a LOT of land in Beverly Hills.<BR/><BR/>The house is one of the biggest in Beverly Park according to tax records, 28,660 sq ft in the main house plus a 2,980 sq ft guest house plus pool pavillions and several other out-buildings. There is a tennis court, separate half basketball court, loads of gardensAnonymousnoreply@blogger.com