by Roberta Murphy We’ve written about luxury closets in the past, but these days some are spending up to $500,000 for a luxe master closet that might include a champagne refrigerator, sound system, glass-enclosed display cabinets, wet bar or even a breakfast area. Gone are the simpler days of a luxurious dressing room. The master closet area has become a destination room. The Wall Street Journal reported yesterday on four…
by Roberta Murphy When showing homes to buyers in San Diego, one of the first doors that is opened following the front door is…the pantry door. Sometimes the “pantry” is nothing more than a large cabinet that may (or may not) have revolving and pull-out shelves. Hopefully, and regardless of size, the boxes of cereal, canned goods and other kitchen staples are stacked in an orderly fashion. But the ultimate…
by Roberta Murphy Dear friends returned with big smiles and fat packages after a trip to Las Vegas prior to Christmas. Ulf and Andrea walked into the Saks Fifth Avenue store on Las Vegas Boulevard–and encountered rack after rack of clothing discounted up to 80 percent off. These were sales never seen in the weeks before Christmas, and they happily bagged up their luxury bargains and returned to Southern California….
by Roberta Murphy Who are these young and ultra-affluent buyers of homes in Rancho Santa Fe, Palm Beach, La Jolla, Aspen and Manhattan? Robert Frank, in his best-seller Richistan, calls them instapreneurs (didn’t he coin the term?). These are the new titans in technologies, who have benefited from a rise in financial speculation and governments that support free trade and wealth. Instapreneurs are not plodders when it comes to accumulating…
by Roberta Murphy Real estate pricing has become a minefield… particularly for homebuyers and homesellers in volatile markets such as California, Nevada, Arizona and other former hot spots. As real estate markets shift, the old comparable sales model for offers and pricing may no longer be quite so valid–and could in fact be dangerous. If sellers overprice their properties–based on prior sales that may have occurred some months ago–they run…
