latimes
Aug 4
2.7K
0.32%
Historically, sprawling Los Angeles lagged behind other international cities when it came to expensive vertical living. If you were rich and looking to put down roots in the L.A. area, you wanted a megamansion in Malibu, Beverly Hills, Bel-Air or a similarly ritzy ZIP code; paying many millions of dollars for shared walls and communal spaces was not the Southern California dream.
But months of restrictions and isolation led to a significant shift in mentality toward the end of 2020. The ultra-rich in Los Angeles are now moving toward condos, real estate brokers say. And this new era is being ushered in with an over-the-top $50-million penthouse.
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📷️: Nils Timm and Billy Rose
latimes
Aug 4
2.7K
0.32%
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