Greater LA
From giga-mansions to city lots, housing for CA’s richest and poorest
Developers in LA are building modern-day palaces with amenities like bowling alleys, hair salons and nightclubs, and they’re counting on the world’s billionaires to buy them.
By Steve Chiotakis • • 24m ListenDevelopers in LA are building modern-day palaces with amenities like bowling alleys, hair salons and nightclubs, and they’re counting on the world’s billionaires to buy them. But even with all the wealth sloshing around the .1 percent, it looks like the people building these “giga mansions” might have overestimated the demand.
In this episode
3 storiesIs LA in a giga-mansion glut?
The house has a name: “Opus.” It sits in the Trousdale Estates section of Beverly Hills, on a cul-de-sac that realtors refer to as “billionaire’s elbow.”
Read the story13 minWhat can $1,000 a month get you in LA? Not much
Chances are there’s no infinity pool, champagne room, or crystal aquarium in your future home. It’s hard enough to pay the average rent in LA. So what’s the current state of rents and home prices for regular people?
Read the story5 minOC Line: San Clemente plans to move homeless residents to a city lot
San Clemente passed an ordinance last week prohibiting camping on public property. The city opened up a city maintenance yard near the Metrolink station for homeless people who need a place to pitch their tents.
Read the story4 min
