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. |
Hot high-end in odd place? Riverside County was ranked as nation's third-hottest U.S. luxury home market, by one benchmark. |
No homeowner help? Pandemic relief bills won't include lifting the cap on income tax deductions — that includes property taxes. |
Looser lending? A new home equity loan for big renovation projects with let borrowers borrow up to 90% of a home's remodeled value. |
Are urban markets overheating, too? Homebuying may have tanked in San Francisco and New York, but price are surging in other U.S. cities. |
Car-buying bubble? Luxury dealer Bugatti is building an Irvine showroom for its $2 million Veyron and $3 million Chiron models. |