PEOPLE LIVE LIKE THAT

Billionaire Russian Oligarch Buys $35 Million Beverly Hills Megamansion Trousdale Estates is arguably the most desirable enclave in Beverly Hills, famous for its collection of trendy midcentury modern homes with panoramic L.A. skyline views. One of the largest and most private residences up there recently made waves when it sold for $35 million, a discount from the hefty $46 million asking price but still among the biggest transactions ever recorded in the area. Another Russian oligarch buying mega mansion real estate in US's Beverley Hills area for $35,000,000! Ho hum you might say! Not quite. It occurs to me that as a US citizen, I would be very tired to the point of angry hearing about purchases like this!!! Oligarch meaning according to Russian President Vladimir Putin: "Oligarchs are those who use their proximity to the authorities to receive super profits." And also to wield enormous power & influence. In other words: despots and mini-dictators. And w...

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2019's Titanic Real Estate Deals Sank Records Nationwide ( Story first published in the January 2, 2020 print issue of Variety.) Political uncertainty and fears of recession have not broken the real estate market's stride. Against all odds, 2019 was a banner year for nine-figure deals, particularly in Los Angeles, where the historic-price record was set twice within a four-month period.