by Roberta Murphy It came as a total surprise when I received an email from International Listings that Luxury Home Digest had been tapped as one of the top 8 Home Buying blogs in the country–and one of the top 100 Real Estate Blogs. WOW! I join the other winners in this category in thanking the judges at International Listings for this special real estate honor: Barbara Corcoran Ink: Barbara…
by Roberta Murphy I was asked to share some simple Feng Shui tips for home offices, written by Laura Milligan over at the Bootstrapper Blog. She lists 50 great ones, but I’ll tease you with a few she has listed in her article. In spite of a personal bookshelf full of Feng Shui education, I found these suggestions particularly useful in that I am currently refiguring my own home office…
by Roberta Murphy $50 million is the new $30 million, says Glenn Roberts over at the Inman News Blog–especially when it comes to high end luxury homes. Citing a 2007 Mid-Year Luxury Report by Stribling Private Brokerage, Roberts explains how just a few years ago, even a rumor of a $30 million real estate sale in Manhattan would create big buzz. But since the sale of a $53 million property…
by Roberta Murphy Brad Inman this morning wrote an excellent article about the mortgage and real estate crisis that has gripped so many markets in the United States–and elsewhere. In The Housing Market Blame Game, Inman reports that even formerly raging real estate markets that were once seen as unshakable, such as Manhattan, are now beginning to share the pain with regions that had collapsed earlier. Many blame the real…
by Eric Murphy We follow luxury listings throughout the world, and when a home listed above $50 million hits the market, it’s NEWS by any stretch of the imagination. And San Diego is just the latest to break that barrier. Priced at $76 Million, this circa 1937 oceanfront Del Mar trophy estate sits on nearly 5.5 singular acres. The two story home has nine bedrooms and six-and-a-half bathrooms and ocean…
by Roberta Murphy Its always interesting to know how metropolitan communities stack up when it comes to median household income, and San Diego is no exception. There were a few surprises. I had no idea Carlsbad would outrank Encinitas, or that Poway would beat out Coronado. San Diego is full of surprises. When to comes to compiling such reports (and a host of others), there is no finer source than…
by Roberta Murphy Investment in high end real estate markets can be a challenge for most buyers. If the price of the real estate does not intimidate, then the low cap rate, or return on investment, will. In fact, carrying costs v income on luxury real estate investments are often negative for many years, or until the property is sold. With real estate investors in our expensive San Diego market,…
by Roberta Murphy This may arguably be the most expensive and tallest private residence ever built. Indias wealthiest man, Mukesh Ambani, 50, is slated to begin construction of a billion dollar glass and steel skyscraper home in Mumbai City, the financial capital of India. The 27 story building will be designed to house his family of six and staff of 600, with six floors dedicated to the storage and parking…
by Roberta Murphy The Butler is back in demand-and in short supply. The worlds growing number of plutocrats with their enormous mansions and expansive lifestyles are actively seeking household managers to oversee the care of their luxury homes and lifestyles. These enormous residences require ongoing care, along with coordination of property and grounds service providers ranging from pool service technicians, to dog groomers and trainers, to maids, gardeners and arborists….
by Roberta Murphy For almost two years now, there have been serious rumblings and grumblings about Option ARM and interest-only mortgages that could put a number of buyers into default. I initially gave the dicey mortgages issue detached interest, because our clients tend to be a conservative lot when it comes to borrowing. We deal with few real estate speculators and most of our clients are solid buyers of primary and secondary homes. My…
