Tag

Wealthy Buyers

All articles tagged with #wealthy buyers

real-estate19 days ago•2 min saved

Required Salaries to Afford Living in America's Top 10 Costliest Cities

The article discusses the 10 most expensive ZIP codes in the U.S., highlighting that these areas, often oceanfront and gated, command multimillion-dollar estates. Newport Coast, California, is the most expensive, with a median listing price of $11.8 million and an estimated required income of over $2.3 million to afford a home there, based on the 30% rule. These markets attract ultra-wealthy buyers, often purchasing with cash, and are driven by scarcity, privacy, and proximity to major economic hubs.

via Yahoo Finance|

#expensive-cities #housing-affordability #luxury-homes

real-estate2 years ago•4 min saved

Beyoncé and Jay-Z shatter California real estate records with $200 million home purchase.

Wealthy home buyers have specific needs and wants when it comes to purchasing multi-million dollar homes, according to real estate agents. The most expensive home ever sold in California, reportedly purchased by Beyoncé and Jay-Z for $200 million, was designed by Japanese architect Tadao Ando and originally built for an art collector. Wealthy buyers often seek out specific styles of homes, but may settle for less if the price is right. Cash deals are common in this market, and some buyers make permanent deals in secret. These homes may be used for parties, marketing, and events, and are seen as a status symbol that separates the wealthy from others.

via The Washington Post|

#architecture #california #luxury-homes

business2 years ago•2 min saved

Bentley CEO Talks Profit, EVs, and Luxury Demand.

Bentley Motors reported surging profits in Q1 2022, with operating profits up 27% to €216 million, thanks to wealthy buyers spending more on personalizing their cars with special paint colors, leather, stitching, and details. The rise of customization is driving record profits across the super-car segment, from Rolls-Royce and Ferrari to Lamborghini, Aston Martin, and McLaren. Bentley's CEO, Adrian Hallmark, said the average price of a Bentley sold has jumped 40% over the past four years, but only 9% of that increase is due to model price increases. "The rest is content," he said, meaning upgrades, options, and personalization.

via CNBC|

#bentley #business #car-customization