6 OC homes sell for $25 million-plus

Riverside Co. a luxury home hot spot? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Southern California News Group BUBBLE WATCH: Luxury market too hot? BY JONATHAN LANSNER How much is too much? You would have had to spent at least $25 million to have your home purchase make Orange County's six-most expensive deals for pandemic-twisted 2020. LoanDepot CEO Anthony Hsieh spent the most: $61 million — a record high in OC — to get an 18,717-square-foot estate in Crystal Cove with six bedrooms and 12 bathrooms. Next in price order, mortgage veteran Glenn Stearns bought author Dean Koontz’s 2.5-acre, 30,000-square-foot ocean-view compound for $50 million. DETAILS ON THE TOP 6 HERE MORE QUESTION MARKS Hot high-end in odd place? Riverside County was ranked as nation's third-hottest U.S. luxury home market, by one benchmark. MORE HERE No homeowner help? Pandemic relief bills won't include lifting the cap on income tax deductions — that includes property taxes. MORE HERE Looser lending? A new home equity loan for big renovation projects with let borrowers borrow up to 90% of a home's remodeled value. MORE HERE Are urban markets overheating, too? Homebuying may have tanked in San Francisco and New York, but price are surging in other U.S. cities. MORE HERE Car-buying bubble? Luxury dealer Bugatti is building an Irvine showroom for its $2 million Veyron and $3 million Chiron models. MORE HERE Support our real estate journalism. Try a digital subscription for 4 weeks at 99 cents. SUBSCRIBE NOW Follow Jon! You are receiving this email because you are signed up for this newsletter from the Southern California News Group. Unsubscribe © 2021 Southern California News Group, 2190 S. Towne Center Place Anaheim, CA 92806