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August 29, 2008 5:09:14 CDT

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Stories related to: luxury homes

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3 Stories

  • July 2008

    • Rich Turn to Pimping Basements

      Portfolio  |  Jul 29, 08 9:29 AM CDT

      Rich Turn to Pimping Basements

      (Newser) - Basements are no longer the lowly underbelly of the high-end home. With the rise of home-theater technology, and widespread community opposition to mansion expansion, wealthy homeowners are increasingly turning basements into underground playgrounds, Portfolio reports, featuring everything from faux-'50s diners to recording studios to saunas. “Whether you have a $2 million house or a $20 million house, finished basements are important," one broker says. More »

      Tags

      wealth  • homeowners  • home renovation  • luxury homes

  • May 2008

    • Peek at Perks in $2B Mansion

      Forbes  |  May 3, 08 1:43 CDT

      Peek at Perks in $2B Mansion

      (Newser) - The world's fifth-richest man, Mukesh Ambani, beat the competition with plans to build the first billion-dollar home to grace this earth, Forbes reports. In fact, his 27-story high-rise in India will cost $2 billion when it's done next year. Some of its frills: Nine elevators dot the lobby. 80% of the ballroom’s ceiling has crystal chandeliers. Indian accents keep the modern mansion true to its surroundings. More »

      Tags

      billionaire  • skyscraper  • rich  • Mumbai  • luxury homes

  • April 2008

    • Slump Stings Vegas McMansion Owners

      Los Angeles Times  |  Apr 8, 08 2:13 CDT

      Slump Stings Vegas McMansion Owners

      (Newser) - The housing crisis has caused the number of homes for sale across the country to grow, but in Las Vegas, brokers are dealing with an unusual aspect of swelling inventory—an excess of $1 million-plus listings. Although they're luxury properties with pools and excesses of polished marble, those constructed more than a few years ago are tough to sell because they're considered outdated. The LA Times goes house-hunting. More »

      Tags

      housing market  • housing crisis  • Las Vegas  • real estate  • Nevada  • inventory growth  • luxury homes

3 Stories

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