Real Estate newsletter: The $1-million home is everywhere

Real Estate newsletter: The $1-million home is everywhere

9/25/2021 5:55:00 PM

Real Estate newsletter: The $1-million home is everywhere

The million-dollar home became the norm in neighborhoods across L.A. during the pandemic, and The Times looked into where, why and how.

On the celebrity side, one of thewent down when music mogul Scooter Braun shelled out $65 million for a striking minimalist farmhouse. He bought it from venture capitalist Larry Paul, whose family is the second-largest owner of the Pittsburgh Steelers.

New Report Confirms You Are Most Interesting, Most Important Individual On Earth Increasingly Anxious Man Worried Order Confirmation Email Never Going To Come Leaked Covid-19 report calls for mass homicide charges against Brazilian President Jair Bolsonaro

While catching up on the latest, visit and like, where you can find real estate stories and updates throughout the week.The modern million-dollar homeDevin Sunseri, fiancée Katie Scardino and their dog, Tallulah, at their home in Leimert Park.(Genaro Molina / Los Angeles Times)

The pandemic economy pushed Southern California’s competitive housing market into such overdrive that a defining marker of wealth — the million-dollar home —has become the normin a growing number of places.Homes worth $1 million or more now dominate communities from Altadena at the foot of the San Gabriel Mountains to West Adams in South L.A. As bidding wars send prices even higher, more people are being priced out of communities where they grew up and homeownership is becoming more out of reach for low- and middle-income Californians. headtopics.com

AdvertisementAt the same time, the proliferation of million-dollar homes shows that the price point is not a stretch for a growing share of Californians. It still requires financial strength to purchase such a home, but a surging stock market, rising incomes and historically low borrowing costs have made the $1-million house more common than ever.

L.A.’s new million-dollar neighborhoodsA fisherman casts his line near the idle paddleboats of Echo Park Lake.(Christopher Reynolds / Los Angeles Times)There have never been so many $1-million houses.No longer limited to Santa Monica, the Hollywood Hills or the beach towns of Orange County, the $1-million house is popping up across Southern California, spurred by demand for bigger spaces during the pandemic and the resulting surge in home prices.

Advertisement Read more: Los Angeles Times »

Noodle the 13-year-old pug goes viral for his adorable daily ritual - CNN Video

A 13-year-old adopted pug has over 1.7 million followers on TikTok for his hilarious forecasts of the future. CNN's Jeanne Moos reports.

I wont have invested in a middel class home in CA or anywere in La or CA at/in this time. Just mine opinion.

Bill Rudin on why New York City's real estate sector is heating upBill Rudin of Rudin Management Company joined the SquawkCNBC team to discuss New York City's red-hot real estate sector.

Author Post: How To Start A Real Estate Empire With Only $12,500If you’re not currently a homeowner or haven’t purchased your first multi-residential property, you may still have hopes of building a multi-million or billion-dollar real estate portfolio. bitcoin 12.000 usd yes ban bitcoin all over the world immediately or your banks data will be deleted ... And a credit score above 580, a debt to income ratio of 48% or less, a credit card, and a FHA loan

30 years later, in search of the real impact of Nirvana's 'Nevermind'Legend has it that Nirvana's 'Nevermind' and the grunge boom ended hair-metal careers and dominated popular music. An in-depth look back tells another story. Great stuff this is terrible news

‘Enthusiastic Entrepreneurs’: Pre-IPO Statements On Profitability Prove To Be Larger Than Real LifeMore than one in four of the 50 largest venture-backed companies to go public since 2019 made assertions about their profitability that don’t appear to line up with their later IPO-related disclosures to the SEC, a new Forbes analysis has found.

‘Enthusiastic Entrepreneurs’: Pre-IPO Statements On Profitability Prove To Be Larger Than Real LifeMore than one in four of the 50 largest venture-backed companies to go public since 2019 made assertions about their profitability that don’t appear to line up with their later IPO-related disclosures to the SEC, a new Forbes analysis has found.

‘Enthusiastic Entrepreneurs’: Pre-IPO Statements On Profitability Prove To Be Larger Than Real LifeMore than one in four of the 50 largest venture-backed companies to go public since 2019 made assertions about their profitability that don’t appear to line up with their later IPO-related disclosures to the SEC, a new Forbes analysis has found.