Money Drippers Monday

1a

Niles Niami stands on the rooftop of the most expensive house in America, the latest property he has built for billionaires, and considers the best way to describe his design aesthetic. “Badass,” he grins. “Yeah. Badass.”

Sweeping in every direction is a panoramic view of Los Angeles and the Pacific Ocean. Beneath him is a gargantuan glass and marble residence with moats, four swimming pools, 20 bedrooms, a nightclub, a bowling alley, a cinema and walls and ceilings made of jellyfish aquariums. Price: $500m.

From this hilltop eyrie in Bel Air, LA’s plushest neighbourhood, other estates belonging to the likes of Jennifer Aniston and Elon Musk look puny in comparison.

Niami has named this property, which is due to go on the market later this year, The One. Apt, he says, because there is no other like it. “I don’t think it’s cheeky. I think it’s true.”

The construction of this and other so-called giga-mansions underscores a new gilded age in the United States and especially in LA. Tech tycoons and other plutocrats are splashing fortunes for homes breaking records for scale, opulence and excess.

@ THEGUARDIAN

About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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20 Responses to Money Drippers Monday

  1. Micki says:

    In a word: Disgusting

    Like

  2. Micki says:

    Excerpt from LATimes link in Den’s post:

    When someone pays $50 million or more for a home, Hyland said, it’s not uncommon for them to spend only several weeks a year in the house. They may buy such a place as an investment, or a party palace, or to avoid the nuisance of five-star hotels while visiting their kids at UCLA.

    Hyland’s all-time highest transaction was the $85-million sale of the 56,000 square-foot Candy Spelling home in 2011. But he now has a listing for 50,000-square-foot mansion once owned by newspaper tycoon William Randolph Hearst. That one has a sticker price of $130 million, but if you don’t have that kind of money, no problem.

    You can lease it for just $600,000 a month.

    Like

  3. Den says:

    The Robber Barons are baaaack!

    Like

  4. David B. Benson says:

    I hope that nobody buys it.

    Like

  5. jimhitchcock says:

    Had me at Niles Niami.

    Like

  6. David B. Benson says:

    Texas turning blue?

    Like

  7. David B. Benson says:

    TVD bridge and return to the doctor’s office up the street to have blood drawn, 47 minutes, then across the street and a half block to home; 52 minutes. Pigeons on a roof up Missouri Flat Creek.

    Like

  8. David B. Benson says:

    Carol, in southwest Florida there is a new community named Margaritaville.

    Just thought you should know.

    Like

  9. §º¿º§ Carol says:

    Now I want a Margarita. 😦

    Like

  10. §º¿º§ Carol says:

    I had MSNBC on when Sam Nunberg (who I’d never heard of before) called in and talked to Katie Tur. THEN I saw the guy when he showed up at the studio and was interviewed on TV by Ari Melber. The news shows are now all abuzz about Nunberg. That blew everything else off the news.

    Like

  11. Micki says:

    Well, Italy is a great BIG mess!

    Looks like Italy will get another conservative government, but may well be more right-wing, more nationalistic, more anti-immigrant, and less committed to modern European norms than anything since WWII.

    A year ago, Salvini went to Moscow and signed a deal to coöperate with United Russia, Vladimir Putin’s party.

    The crisis of European social democracy is deepening.

    Like

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