"Nepo Babies: The Rising Buyers of $3 Million L.A. 'Starter Homes'"

Wealthy children of Hollywood celebrities, known as "nepo babies," are purchasing multi-million dollar "starter homes" in Los Angeles, with some receiving financial assistance from their famous families. The trend of early homeownership among the affluent is becoming more normalized, as real estate is seen as a secure investment and a way to transfer wealth from one generation to the next. The children often buy homes that are smaller but similar in style to their parents' properties, and some families strategically acquire neighboring properties to create their own compounds. Teaching children about real estate investing is seen as a way to impart wealth management skills.