Who really lives in all those awful luxury skyscrapers going up all over the US? Increasingly: No one. Now the government is going after the shady, secret deals that are gobbling up the most expensive real estate in most big cities—and destroying the housing market.
One of the largest houses in history is currently being built in Los Angeles. The man who is building it says he will sell it for $500 million, which would make it the most expensive single-family home ever sold. In the meantime, he made an app for straight men to find other straight men.
The San Francisco housing market is notoriously insane right now. However, maybe don’t try to get around it by squatting in a conveniently vacant $12.5 million mansion abandoned by a bankrupt tech bro, and helping yourself to hundreds of thousands of dollars worth of artwork left hanging on its walls.
It must feel thrilling to be rich, free to fling millions of dollars at whatever your heart desires. Right now, you can buy a private island and former sea fort off the coast of Denmark for a little under $9 million. That includes a restaurant and a hotel. What a bargain!
Did you know that Donald Trump used to have his own university? Well, “university” is a stretch: The unaccredited program offered courses and seminars on how to do real estate deals in true Trump fashion. But some of Trump’s former “students” are pretty unhappy about the education they received. In fact, some allege…
Looking for a new place to live? Have I got a deal for you: Single family home, good school district, 18,930 square feet. Did I mention it’s a former military base that housed Nike missiles from 1960 until 1966?
Here’s the just the place to pen your first/next noir masterpiece: James Ellroy’s Hollywood Hills home. The author of L.A. Confidential and The Black Dahlia is selling his three-bedroom 1920s abode for just under $1.4 million. Not included: multiple bookshelves filled with his own works.
Urban blight is nothing new. The signature image of plummeting real estate is block after block of properties vacated as businesses move out. Now the high price of real estate in American cities is creating a new phenomenon: In otherwise healthy economic areas, the rents are climbing so high they’re driving businesses…
For the past half century, 190 Bowery has been a legend. The six-story, 72-room former bank building on the fringes of SoHo looked like a war zone on the outside, crumbling and covered in graffiti. And the inside, the home of a photographer with insane real estate luck—well—nobody really knew what was inside. Until now
It's impossible enough to find a decent apartment these days, let alone the humans to share it who won't dismember you in the night. Far more difficult, however, is deciding which roommate pays which portion of the rent, which has been known to end more than one friendship before it even started. A new online tool…
It was a longshot, a dream, a Google Doc-enabled fantasy. In the end, 82 people used an online spreadsheet to pledge over $122,000 for a ghost town, but alas, it was not enough. Some lucky buyer (I assume it was one person) snatched up all 62 acres of Johnsonville, Connecticut for $1.9 million.
Ghost towns are known to pop up on Craigslist and eBay every once in awhile, but are often snapped up just as fast by eager developers or industrious preppers. Not so for the 62-acre town of Johnsonville, Connecticut which is currently up for auction after remaining abandoned for more than 20 years. Now, a group of…
The development of micro-housing—apartments and other dwellings smaller than 300 square feet—is a growing trend in many popular cities cramped for space. But where in the country can you find the teeniest examples of this trend? Maybe not the cities you'd first guess.
Real estate is a fun adventure for many reasons, including the possibility that the building's former owner may have left something behind. That was the case recently when an elderly woman bought a building in Japan's Chiba prefecture, only to discover the perfectly preserved remnants of an old arcade on two floors.
Starting today, London businesses are able to apply for .london top-level domain names. With this, London joins Berlin, NYC, Paris, and other cities that offer region-specific URLs for businesses connected to those cities. It's the start of an interesting interplay between physical geography and virtual identity, a…
Sprawl is inconvenient, ugly, and permanently damaging to the environment. And it can also make you sick. A new study shows that sprawling metropolitan areas not only force residents to live farther from where they work and shop, but could also be causing them to lead shorter, unhealthier lives.
When Los Angeles's most expensive house went up for sale at $125 million, no one expected it to go for that price in a million years. Well, someone, identified only as a "French billionaire," has bought said house for only slightly less that that figure: $102 million. And just to rub it in, the dude paid cash.