This past week, I have been attending Mike Ferrys Real Estate Productivity School in San Diego but played hooky today to meet with Pat Kitano, who thinks outside a totally different real estate box. But that is a blog for another time. Pat Kitano has just reported some juicy news that should cause luxury readers to jump with bridled glee: It is now cheaper to have Kinkos copy, collate and…
by Roberta Murphy This piece is for those of us unable to make the biannual trek to Paris for the biannual Maison & Objet trade show that features the hottest home decor designs produced by the smartest and most influential names in the industry. Those in the luxury home business are always on the prowl, trying to spot the latest trends that might help update, inspire and improve the luxury…
by Roberta Murphy Last nights annual New Years Eve bash at the Murphy home was lots of fun for all, and almost everyone was ready to drop kick 2007 out the door and welcome the promise of 2008 with open arms. I thought 2007 had been put to rest (save for income tax drudgery); but when I opened todays email I discovered not one, but two 2007 accolades for Luxury…
by Roberta Murphy If real estate investors are looking for blood in the streets, they had better be wearing galoshes. Even the books of venerable luxury builder Toll Brothers, America’s largest luxury builder of tract homes, are in the red. For the first time in 21 years, the company is suffering its first quarterly loss (Oct. 31) in the amount of $81.8 million. Much of this loss can be attributed to…
by Roberta Murphy This months hot real estate question: Which homeowners will benefit from President Bush’s recent interest rate freeze for subprime loans? And who will be left out in the cold? It’s a question on the mind of both mortgage and real estate professionals alike. Drumroll. The winners, who may receive a five-year extension (and possibly even longer) on their low introductory mortgage rates, are those: Whose mortgage loans…
by Roberta Murphy In our coastal San Diego luxury real estate market, buyers are almost manic about their closets–and especially the ones in the master suite. Luxury home buyers are most pleased when there are separate closets for each–or if single, closets for the seasons. The compleat closet in the luxury home will be spacious, well lighted and masterfully organized. It is a room where we prepare ourselves to meet…
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…
by Roberta Murphy Luxury is booming and Wall Street is keeping a keen eye on how the rich are spending their wealth. And what better way to measure that hedonism than by creating a variety of indexes that track the shopping of the ultra-rich that we can call the Luxury Blingdex. The demand for four-figure handbags, five-figure baubles, six-figure cars, luxury resorts and travel, insurable art and heady wines has…
by Roberta Murphy Peering into the future, it is nice to imagine a home that is smart in every sense–and inviting to all. Sunset Magazine and Popular Science recently team-conceived the Idea House, the House of Innovation , in Alamo, California. This intelligent $5 + million smart home provides a trajectory of design and technologies that will end up in homes of tomorrow. It is loaded with sustainable materials and…
by Roberta Murphy I have always justified my preference for fine bed linens by considering the percentage of ones life spent between them. And though I have never slept on D. Porthaults sheets, they remain on my list of wanna-trys. And who wouldnt want to luxuriate on fine, hand-finished sheets that start at around $1100 for a king set with two shams? Celebrities, royalty and business barons happily shell out…
