Here’s why LA’s trophy mansions are seeing multimillion-dollar discounts

Here’s why LA’s trophy mansions are seeing multimillion-dollar discounts


“It’s not the style and the look, it needs somebody to come in and put tens of millions of dollars to bring it up to speed. That ended up being a case of seller-fatigue … where they finally found a buyer that was willing to do the work, and the buyer was shrewd enough to make terms — saying, I’ll buy it fast and contingent-free, but I therefore want to be rewarded with a lower price.” “I bring them the first offer and it’s the highest, best offer … But they go, ‘oh, I can get more.’ They get cocky and they get greedy and then they don’t get more.”

Author: Mary K. Jacob


Published at: 2025-10-01 21:33:05

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