In recent years, the luxury housing market in Los Angeles, and really around the globe, has soared to previously unforeseen heights. Less than a month ago, Hilton & Hyland was proud to announce the listing of the nation’s most expensive home, and just about a year ago, the firm sold The Playboy Mansion for the highest ever sale-price in Los Angeles.
The South China Morning Post recently explored what mega-rich homebuyers are getting for their money, and in doing so, they enlisted the help of Rick Hilton (Chairman of Hilton & Hyland) and Gary Gold (who sold The Playboy Mansion).
“Once we hit the US$100 million mark, we broke the glass ceiling,” said Hilton, “and we’re seeing people comfortable with spending more than that.”
“Even though there are 3,000 people in the world who could buy [one of these homes], there’s a much smaller list who would buy one.”
To read Hilton and Gold’s complete insights, and to view the original article, click here.
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