Luxury Info

Jumbo Loan Defaults in the Luxury Market

Luxury Defaults
August 23, 2008
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by Roberta Murphy Luxury Home Defaults Ed McMahon may have wondered what else in new in defaulted real estate with the pending default of his Beverly Hills home.  But yesterday, Standard & Poor’s Ratings Service reported that even prime jumbo loans are starting to buckle. Over a period of just one month–from June to July, 2008–jumbo loans originated in 2006 saw mortgage delinquencies rise 13.2 percent, while 2007 delinquencies rose…

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California Luxury Home Foreclosures?

by Roberta Murphy Yes, there are plenty of luxury home foreclosures in California–and you can now search them whenever you wish. When in San Francisco last month for the Inman Connect conference, I was at last able to meet the foreclosure wizards at Foreclosure Radar–and make a decision to go with them. We have long been searching for a comprehensive foreclosure search tool to offer the readers of our San…

August 14, 2008
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The Luxury of Gnarly Head Zinfandel

July 29, 2008
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by Eve Sieminski I am convinced California wines are a no-brainer. Recently, another wine blogger recommended we try a fantastic $8 French wine. This was in response to an earlier article where I recommended TBD Zinfandel, available at Trader Joe’s. My thoughts about this recommended French red? Pee pee water! I wouldn’t cook with it, let alone serve it to guests. In fact, the experience only reaffirms my belief in…

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The Luxury of Frugality

by Roberta Murphy Luxury real estate gossip the last few months has fluttered around topics like the sale of Donald Trump’s Palm Beach mansion at $100 million (when it had been listed for $125 million), the pending foreclosure of Ed McMahon’s Beverly Hills home, and the F-word in luxury real estate (foreclosures). These days, recession is the hot topic as brokerage accounts have been bloodied, home equities have declined, and…

July 3, 2008
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Yahoo! to Google: Real Time Stock Quotes

Google has become a noun, a verb and a trusted friend in my life. It of course answers endless questions and sends curious clients my way, but also handles my email, documents, maps, spreadsheets, instant chat, and more. And when I want to check traffic conditions, I can do it with another Google real time mapping application on the Blackberry. Just when I have to count both fingers and toes…

June 3, 2008
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A Call to Luxury Blogs and Bloggers

by Roberta Murphy I love luxury and enjoy reading luxury blogs. Unfortunately, it can be difficult to visit them all to ferret out the latest in luxury news. One solution is to create a luxury blog network that will syndicate content from the best luxury blogs–whether they are focused on bling, luxury travel, luxury real estate, luxury clues, luxury furnishings or just the rich and famous. The Luxury Blog Network…

May 9, 2008
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Luxury on a Gold-Plated Shoestring

Eve Sieminski is the Polish Contessa
April 28, 2008
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by Roberta Murphy I call Eve Sieminski the Polish Contessa. She loves fine jewelry, expensive hairstylists and fine wine. I don’t know where Eve shops for jewelry or what deal (if any) she strikes with her hairstylist, but we follow her wine recommendations religiously. Eve truly knows how to serve luxury on a gold-plated shoestring. You see, the Polish Contessa, has no problem pouring a classless wine down the drain,…

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Nouveau Luxury Home Buyers: Instapreneurs

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…

April 23, 2008
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Most Expensive Mansion in the World: Redux

by Roberta Murphy Last year, I wrote a short article about the worlds most expensive mansion in Mumbai, India being built by uber-wealthy Mukesh Ambani. In addition to arguably being the most expensive private home in the world (how about $1 Billion to build?), it will also be the tallest measuring in at 42 stories. Residence Antilla, though, will only have 27 stories, due to Ambanis desire for taller ceilings….

April 9, 2008
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The WalMart Effect

by Roberta Murphy Once upon a time, the neighborhoods off Houstons northwest FM1960 were a luxury homebuilders dream. Large wooded and level lots surrounded upscale country clubs such as Champions Golf Course, Raveneaux, and North Gate Country Club. Affluent families were attracted to these homes because of great neighborhood schools, beautiful parks, challenging golf courses, and nearby fine dining and shopping areas. It was an area where I once lived,…

March 15, 2008
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