#Luxury Real Estate Los Angeles

[valeriefitzgeraldus]

What to Consider Before Investing In Luxury Real Estate?

Luxury real estate in Los Angeles has always been regarded as a comparatively secure investment, be it your main abode, a holiday retreat, or a property for investment purposes. Should you possess the financial means to invest, it might be worthwhile to diversify your portfolio by venturing into the realm of luxury real estate.

How Much Does Luxury Real Estate Cost?

If you see ‘Brentwood Luxury Homes for Sale’ you will find the prices can vary depending on the market. In some areas where prices are generally lower, you can find luxury properties for as little as half a million dollars. However, in most metropolitan areas, you would need well over $1 million to purchase a luxury property, and the entry price point only goes up from there. According to a report from April 2022, the average asking price for luxury homes in New York City was $8.96 million. To give you an idea of the upper end of the spectrum, the most expensive residential real estate sale in Manhattan in 2021 was a pair of condos on adjoining floors that sold for a staggering $157 million.

Tips for Investing in Luxury Real Estate

If you're considering investing in luxury real estate, there are a few important factors to keep in mind before diving in:

Identify Your Goals

It's crucial to determine what you hope to achieve with your investment. Whether you're looking for a quick profit through flipping or long-term income through renting out a luxury apartment or vacation home, understanding your goals will help guide your decision-making process.

Figure Out Financing

While having cash on hand may seem like the best option, it's not always the most suitable choice. Depending on your investment strategy, exploring financing options like hard money loans for short-term projects can be more appropriate.

Choose the Right Market

Before investing in an expensive property, thoroughly research the market to ensure it aligns with your investment plans. Consider factors such as the job market, cost of living, median household incomes, and the area's economic outlook. If you plan to rent out the property, also analyze the year-round and peak-season traffic to gauge its rental potential.

Wrapping Up

Investing in luxury real estate in Los Angeles offers a unique and tangible investment opportunity compared to securities. Additionally, you have the option to live on the property if you desire. Whether it's building a custom home, purchasing a prime vacation property, or renovating a high-end fixer-upper, there are various avenues to enter the luxury real estate market.

[physticuffs]

by far the funniest thing about reality tv is when one character says something like, "she better not come for me, or i'll destroy her!" ma'am. please. you are not going to shoot her, you are not going to punch her, you are not even going to engage in elaborate psychological warfare. you are going to yell at her at a party where everyone is wearing clothes they can barely move in, and then she is going to yell back, and then you are going to do it all over again next season but with more botox.

[truthandservice]

[georgeandgina]

When it comes to finding your dream home in Los Angeles, choosing the right luxury real estate agents is essential. The Top luxury real estate agents in Los Angeles offer unparalleled market knowledge and personalized service. These experts understand the nuances of LA’s diverse neighborhoods and have a keen eye for the finest properties. Their dedication ensures that clients find homes that perfectly suit their needs and lifestyle. Trust in their expertise for a seamless and rewarding home-buying experience.

[inckx]

Capturing Phoenix: The Unique World of Architectural Photography

Phoenix, Arizona, is a city that captivates with its unique blend of modernity and tradition. This sprawling metropolis, nestled in the heart of the Sonoran Desert, boasts a distinctive architectural landscape that mirrors its rich cultural tapestry and dynamic growth. For an architectural photographer, Phoenix offers an intriguing canvas filled with myriad textures, styles, and stories.

The Architectural Tapestry of Phoenix

Phoenix's architecture vividly reflects its history, climate, and cultural influences. From the indigenous Hohokam people's ancient structures to the sleek, modern skyscrapers dominating the skyline, the city presents a fascinating study in contrasts. Each building tells a story, and an architectural photographer in Phoenix is tasked with capturing these narratives in compelling visual form.

Sevecity'sstinct styles mark the city's architectural evolution. The Southwestern adobe homes, characterized by their earthy hues and organic forms, echo the region'sregion'sAmerican and Mexican heritage. These structures blend seamlessly with the desert landscape, creating a sense of harmony and continuity. In contrast, the mid-century modern buildings speak to Phoenix'Phoenix'sr boom and optimism with their clean lines and innovative designs.

The Unique Challenges of Architectural Photography in Phoenix

Photographing architecture in Phoenix comes with its own set of challenges and rewards. While providing stunningly clear and vibrant lighting, the harsh desert sunlight can be unforgiving and create harsh shadows. An architectural photographer must skillfully manage this light, using it to highlight the textures and details of the buildings while avoiding overexposure.

The desert environment also offers unique opportunities for capturing reflections and contrasts. The glass facades of modern buildings reflect the deep blue sky and the rugged mountains in the distance, creating dynamic compositions that juxtapose the built and natural environments. These reflections can add depth and complexity to photographs, making them more engaging and visually striking.

Iconic Structures and Hidden Gems

Phoenix is home to several iconic structures that every architectural photographer must capture. The Arizona State Capitol's copper dome and classical revival style symbolize the state's history and governance. Frank Lloyd Wright'sWright'sn West, nestled in the foothills of the McDowell Mountains, is a masterpiece of organic architecture that harmonizes with its desert surroundings. Wright's Wright's local materials and innovative design principles make Taliesin West a must-visit for any architectural photographer.

In addition to these well-known landmarks, Phoenix is dotted with hidden architectural gems waiting to be discovered. The Mystery Castle, built by Boyce Luther Gulley for his daughter, is an eclectic and whimsical structure made from found and recycled materials. Its quirky design and fascinating backstory provide endless photographic opportunities.

The Burton Barr Central Library, designed by Will Bruder, is another architectural marvel. Its modern design, characterized by extensive use of glass and steel, creates a dynamic interplay of light and shadow inside the building. The library's story atrium, with its soaring ceilings and dramatic lighting, is a captivating subject for architectural photography.

Techniques and Tips for Success

To excel as an architectural photographer in Los Angeles and Phoenix, one must master various techniques and approaches. Understanding and manipulating light is crucial, especially given the intense desert sun. When the light is softer and the shadows are longer, early morning and late afternoon are often the best times to shoot. Utilizing HDR (High Dynamic Range) techniques can also help balance the extreme contrasts in lighting.

Composition is another vital element. Architectural photographers must consider the buildings' lines, shapes, and forms, using them to create balanced and visually appealing images. Incorporating elements of the surrounding environment, such as the desert landscape or the city skyline, can add context and depth to the photographs.

Post-processing is also an essential part of the process. Adjusting the exposure, contrast, and colour balance can enhance the images and bring out the best in the architectural details. However, it's important to maintain a balance and avoid over-processing, which can detract from the natural beauty of the structures.

The Rewarding Journey

Photographing architecture in Phoenix is a rewarding journey that offers endless opportunities for creativity and exploration. The city's architectural styles and the stunning desert landscape provide photographers with a rich and varied canvas. Each building, from the historic adobe homes to the cutting-edge modern structures, tells a unique story that can be captured and shared through the lens.

In the hands of a skilled architectural photographer, Phoenix'Phoenix'sgs come to life, revealing their intricate details, textures, and histories. These photographs document the city's cultural heritage and celebrate its vibrant and dynamic spirit. Whether capturing the play of light on a glass facade or the intricate details of a historic landmark, an architectural photographer in Phoenix has the privilege of preserving the beauty and essence of this remarkable city.

[laluxuryhouses]

[orionhousingsposts]

Get A Well-Furnished And Spacious Rental Apartments

Searching for a place to live with the ideal elements of coziness and spaciousness? Orion Housing in Los Angeles is proof if anything else that there have not been any better solutions to the homeless crisis. Our apartments come complete with a furniture set and are tailored to provide you with adequate space for living, doing your job, and relaxing.

Discover living in a home that is already outfitted with trendy furniture, and with all of the contemporary amenities you need. From students living close to campus searching for a cozy place to relaxing professional apartments near the heart of Los Angeles, we are offering tailor-made apartments for our demographic.

As you are pampered with the very best apartment life has to offer, you will find that the luxurious living spaces, tastefully decorated rooms, and fitting kitchens are made for your run-of-the-mill daily living. The only thing you need to do to put your feet up and chill like a true homeowner is to rent Orion Housing, where you don’t have to go through the cumbersome task of furnishing it yourself.

Find out that one of the inhabitants of this planet will be created by Orion Housing in Los Angeles, a furnished and roomy rental housing facility. Contact us today for a free consultation, we will also be scheduling apartment tour dates. Your ideal setting, that's waiting for you!

[wilshirecorridorluxurycondos]

The Finest Residential Gems in Los Angeles: Wilshire Corridor

Looking for the perfect place to call home in the USA? Look no further than the Wilshire Corridor! Situated in Los Angeles, California, this vibrant neighborhood offers an incredible living experience. One of its standout features is the wide range of apartments available, catering to various preferences and budgets. Whether you're seeking luxury high-rise living or cozy, modern flats, the Wilshire Corridor has it all. Residents here enjoy convenient access to world-class dining, shopping, and entertainment options. With its central location and stunning views of the city, the Wilshire Corridor truly stands out as one of the best areas to live in the USA!

[suchananewsblog]

Jennifer Lopez, Ben Affleck settle on prominent $64M LA billionaire’s mansion

Jennifer Lopez and Ben Affleck have been wishy-washy when it comes to finding their perfect home. Last month, the newlyweds were in escrow for a $34.5 million California home in affluent Pacific Palisades. But at the last second, they pulled out of buying it. Instead, it looks like they may have finally settled on prime real estate from one of the most prominent families in Los Angeles. Owned by…

[mandsleanan]

Sorry, parents: The American dream is only for DINKS

Homebuyers with kids will likely spend 66% of their income on a mortgage and childcare this year.

Parents in Los Angeles and San Diego can expect to spend as much as 121% and 113%, respectively.

Some Californians have moved across the country to afford to buy a home.

Thinking about buying a home this year with kids already in the picture? Get ready to dig deep.

A recent study from Zillow found that potential homebuyers with children are likely to spend 66% of their income on mortgage payments and childcare expenses — an increase of nearly 50% from 2019. 

The real-estate company estimated city- and state-level childcare costs from 2009 to 2022 for the typical American family with 1.94 children by analyzing data from the Women’s Bureau of the US Department of Labor and advocacy group Child Care Aware.

According to Zillow’s analysis, in 31 of the largest 50 US metropolitan areas with available childcare cost data, families looking to buy a home can expect to spend more than 60% of their income on mortgage and childcare costs.

Some areas are even costlier, with parents in cities like Los Angeles and San Diego needing to dedicate as much as 121% and 113%, respectively. (In those areas, the cost of buying a typical home and childcare is so big relative to the median income that Zillow's calculation results in figures over 100%.)

Zillow determined that a family earning a median household income of $6,640 per month can expect to allocate $1,984 of that to childcare. If the family purchased a house at a 6.61% interest rate — the rate in early January, when the US Department of Labor released its latest data on childcare costs — and made a 10% down payment, their monthly mortgage would amount to $1,973.

That leaves just $2,683 for additional expenses like food, transportation, and healthcare. This means many households with kids are financially strained; they're likely spending more than 30% of their income on housing, well above what experts recommend.

It all adds up to a costly reality that's making the American dream of homeownership seem farther out of reach for parents than ever before.

Parents can blame a yearslong battle with inflation, as well as stubbornly high home prices and mortgage rates, for contributing to their predicament.

Based on the study, a new buyer household in the United States, making the median income, would spend 30% of it on housing. It's paying for childcare, then, that adds so much on top of the housing budget.

The upshot: Another group, less encumbered financially, appears better poised to realize the dream of homeownership: "DINKS," an acronym that stands for "dual income, no kids."

Some child-free DINKS — who boast a median net worth above $200,000 according to the Federal Reserve's Survey of Consumer Finances — devote their disposable income to luxuries like boats and expensive cars.

Without the financial obligations of raising children, such as covering medical expenses or enrolling them in daycare or private school, DINKS can save thousands of dollars a year and build greater long-term wealth.

Some DINKS use their savings to finance vacations and travel the world, like Elizabeth Johnson and her husband, who, over the past couple of years, have hiked in the Swiss Alps, snorkeled in Hawaii, and enjoyed leaf peeping in Canada.

"We hang out with other people's kids every once in a while," Johnson previously told Business Insider's Bartie Scott and Juliana Kaplan, "but then we happily just give them back to their parents."

Some Americans with kids move to places where their money goes further

One solution to the high cost of both buying a home and raising a family?

Move.

In recent years, young Americans in higher-cost states have decided to move to places that offer them a cheaper cost of living.

Janelle Crossan moved to New Braunfels, Texas, from Costa Mesa, California, in 2020 following a divorce.

She was able to become a first-time homebuyer and found a safe community to raise her son.

"I paid $1,750 for rent in a crappy little apartment in California," Crossan told BI earlier this year. "Now, three years later, my whole payment, including mortgage and property taxes, is $1,800 a month for my three-bedroom house."

Pengyu Cheng, a program manager for a tech company, told BI in 2023 that moving from California to Texas allowed him and his wife to afford their first home, giving them the confidence and security to have their first child.

"Living in California has always been expensive," Cheng said. "I knew that when my wife and I eventually expanded our family, we wouldn't be able to afford San Francisco or the Bay Area in general — even though we both earn good salaries."

[jourdepluie91]

The Rise and Fall of Diddy: A Deep Dive into the Life of Sean Comb

Sean “Diddy” Combs was one of the most powerful men in music. He is a rapper, singer, actor, producer, and record executive, and one of the most influential figures in the American music and entertainment industry.

On September 16 (U.S. time), Diddy was arrested in New York on multiple charges: rape, sex trafficking, coercion, abuse, and using extortion and violence to control victims. Diddy is currently being held in a jail under strict surveillance to prevent any suicide attempt.

This incident has shocked not only the U.S. but the entire world, implicating numerous big Hollywood stars and other powerful figures. Many are now questioning just how wealthy and powerful Diddy must be to manipulate all of Hollywood.

As one of the most prominent and successful rappers, Diddy has been nominated for the Grammy Awards 14 times and won 3 times. He was honored with a star on the Hollywood Walk of Fame in 1995. In 1997, Guinness World Records awarded him the title of the most successful Rap Music Producer.

With his achievements in music, Diddy built a diverse business empire, spanning music, fashion, liquor, and media. His influence in the music industry extends beyond producing and performing; he is also known as a businessman who continuously expanded his ventures into multiple industries.

In 1993, Diddy founded his own record label, Bad Boy Records. Three decades later, he has expanded his influence in the music industry, amassing an enormous fortune, the largest in the hip-hop world, making him considered the richest rapper of all time. In 2022, according to Forbes, Diddy’s net worth hit $1 billion. While this figure has since decreased, it still remains above $600 million.

From the 2010s, Diddy ventured into acting. He starred in a comedy film that grossed $95.5 million at the box office. Besides that, Diddy has also appeared in several reality TV shows. In 2013, he launched Revolt TV, a cable television network focused on music and culture.

Diddy also has a collection of supercars from various brands and price ranges, including a Lamborghini Gallardo Spyder, Maybach 57, Rolls-Royce Phantom, Chevrolet Corvette, Ferrari, and more.

Given his immense wealth, it’s no surprise that Diddy leads an extremely lavish lifestyle, owning luxury mansions and real estate. He has two main residences in Los Angeles and Miami, as well as multiple other properties scattered across the U.S., each typically worth tens of millions of dollars.

Sean ‘Diddy’ Combs indictment explained: alleged ‘freak-offs,’ drugs and prostitution

Alleged drug-fueled orgies, force and coercion, prostitution and a cover-up are at the core of a searing three-count federal indictment against Combs.

Combs is depicted as the leader of an alleged criminal enterprise, subjecting women, men and even minors to a pattern of physical and sexual abuse, according to federal prosecutors.

Houston attorney Tony Buzbee said he expects lawsuits to be filed within the next month, with most expected to be filed in New York and Los Angeles. Buzbee described the victims as 60 males and 60 females, and that 25 were minors at the time of the alleged misconduct. One individual alleged he was 9 years old when he was abused, Buzbee said. The allegations cover a period from 1991 to this year.

Investigators allege that, over a span of years, Combs would ply victims with narcotics and even resort to violence and intimidation during days-long sex sessions.

Numerous social media videos describe Diddy’s alleged “freak off” parties as multi-day sex orgies involving heavy drug use, gallons of alcohol, and large quantities of baby oil and lubricants.

These events, according to reports, would start after his famous “white parties,” which attracted celebrities like Leonardo DiCaprio, Will Smith, Paris Hilton, Jennifer Lopez, Bruce Willis and Mariah Carey.

When the A-listers left, a more secretive, hedonistic party would begin in back rooms, featuring Diddy and a select group of friends.

Michael Kaplan of the New York Times explains how as the night wore on, only a few select guests would remain for the more debauched events.

Kaplan also recounts a drug dealer’s testimony from one of these parties, where he allegedly witnessed male-on-male sexual activity among rappers, which shocked him.

According to federal prosecutors, Combs did not act alone, although no one else has yet been charged in the case. Combs allegedly had assistants, managers and security staff who made sure that women and male prostitutes were present at these "freak off" events and that the hotel rooms where they were staged were stocked with supplies like baby oil and lubricant.

Some of the alleged conduct also took place at auditions where “many times, especially young people, people wanting to break into the industry were coerced into this type of conduct in the promise of being made a star,” Buzbee said.

Combs has been locked up at the Metropolitan Detention Center in Brooklyn since pleading not guilty Sept. 17 to federal charges that he used his “power and prestige” to induce female victims into drugged-up, elaborately produced sexual performances with male sex workers in these “freak offs.”

Other alleged victims have already filed lawsuits against Combs that include allegations of sexual assault.

Combs has pleaded not guilty to racketeering conspiracy and sex trafficking. His attorney said he is innocent and will fight to clear his name.

[georgeandgina]

Choosing the right luxury real estate agents in Los Angeles can make all the difference when buying or selling high-end properties. George Ouzounian and Gina Michelle are top-tier professionals who understand the intricacies of LA's luxury market. Their extensive knowledge of areas like the Valley, Calabasas, and Hidden Hills ensures you get the best deals and personalized service. With over $1 billion in combined career sales, George and Gina are the trusted experts you need to achieve your real estate dreams. Discover the advantages of working with the best in the business.

[nectar-cellar]

Cockatoos’ Last Squawk?

Published in L.A. Weekly

A mainstay of Los Aniego’s bustling nightlife scene since the 80s, the once-legendary Cockatoos Nightclub now finds itself in murky financial waters. Over the years, the aging beach-side nightclub has continuously lost patrons to the downtown clubs along Hillwood Boulevard, and seen its beach-bummin’ regulars seduced away by the glamorous, newly opened The Cube VIP Lounge on Ocean Avenue.

The nightclub is now cursed by its location outside the city, the very thing that once made it a sought-after getaway for the queer and famous. L.A. partygoers just don’t care to make the drive out anymore, when everything they could ever want is within downtown’s glittering streets.

Situated minutes away from the hills and the beach, Cockatoos occupies some prime real estate that many think it doesn’t deserve, and its address on Seacliff Terrace does not come with cheap rent. With each passing year, the nightclub’s affluent neighbors want more and more to get rid of this neon eyesore... or so we’ve heard.

In L.A.’s real estate circles, rumors are swirling that a certain luxury seafood restaurant chain is interested in taking over the spot, and the developer who can secure the beachfront location will surely close one of the most lucrative deals of the year.  

Oh, and did we mention that the Santa Myra Pier is visible from the Cockatoos parking lot? If only management had bothered to add windows and a patio some time in the last thirty years, perhaps business might still be booming. Cockatoos’ downfall is a long story of bad decisions and wasted potential.

Dwindling customers, fierce competition, and a crumbling facade... let’s face it, the glory days are over. At this point, it seems the only thing keeping Cockatoos alive is nostalgia, and the poor thing is barely keeping afloat. How long until this drowning bird screeches its last squawk?

--

i was exploring coasterboi’s angel city for a gritty and glamorous los angeles kind of world. it’s pretty packed but i found this empty lot and decided to place cockatoos on it. then i was inspired by gta iv’s the ballad of gay tony expansion to create a potential backstory for the nightclub. how pretty is angel city at night?? it was fun to think about some behind-the-scenes drama, and the types of people who’d be involved :D

[tieflingkisser]

Efforts to sell ‘Anglo neighborhoods in Israel’ at LA synagogue erupt in protests

Pro-Palestinian protesters accuse companies of trying to sell stolen land in the West Bank, and question legality

Efforts to market homes in Israel and stolen land in West Bank to Jewish Americans are continuing to spark protests across North America, with the latest angry confrontations happening outside a synagogue in one of Los Angeles’s most prominent Jewish neighborhoods.

[...]

The Los Angeles demonstration was the latest in a series of heated demonstrations outside similar Israeli real estate events heldat synagogues across North America this year, including in Toronto, Canada; New Jersey; Baltimore, Maryland; and North Hollywood. Pro-Palestinian protesters have accused some of the companies involved in these events of trying to sell stolen land in the West Bank, and questioned the legality of the marketing efforts. One of the real estate companies named in an advertisement for the Los Angeles event, My Home in Israel, has listed high-end properties for sale in West Bank settlements on its website, including boutique apartments in Ariel and luxury villas in Efrat. Israel’s settlements in the West Bank are widely considered illegal under international law. The US recently restored its position that they are “inconsistent” with international law. Previous US events involving My Home in Israel have prompted calls for law enforcement investigations from Palestinian American and pro-Palestine groups, and denunciations from some local Jewish residents.

[...]

Protesters on both sides of the conflict described an out-of-control situation where people were targeted with bear spray and scuffling in the streets, and criticized police for failing to stop the violence. Pro-Palestinian demonstrators shared video of pro-Israel counter-protesters yelling racial slurs, and said that the counter-protesters had punched them, kicked them, chased them, ripped hijabs from the heads of Muslim women, made rape threats and followed some demonstrators back to their cars in an attempt to photograph their license plates. A pro-Palestine protester who lives in the area said the intensity of the harassment and violence from the pro-Israel counter-protesters was frightening, with “people who came up to me screaming, telling me to get out of their neighborhood”.

[...]

Sean Beckner-Carmitchel, a Los Angeles journalist who specializes in protest coverage, captured footage of pro-Palestinian protesters “pleading with officers for help” as they were “being shoved and hit” by pro-Israel demonstrators with the officers standing by. Several journalists covering the protest were also assaulted, Adam Rose, the secretary of the Los Angeles Press Club, tweeted on Monday. Among then was Beckner-Carmitchel, who said he filed a police report after being assaulted by pro-Israel demonstrators. A reporter for CalMatters said that one pro-Israel protester knocked his phone out of his hand as he tried to film, and later another demonstrator told him “you shouldn’t be here” and snatched away his phone.

[laluxuryhouses]