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Inside the Hollywood mega-mansions nobody wants to buy
Why Hollywood mega-mansions struggle to sell, the staggering costs of holding them, and how Kiwi luxury differs.
AI summary
Hollywood mega-mansions, like those of Jennifer Lopez and the infamous The One, often become financial burdens that are difficult to sell. Key reasons include over-customisation that doesn't appeal to new buyers and staggering holding costs from taxes and maintenance.
In contrast, New Zealand's luxury market values different qualities. According to Trade Me Property, Kiwi buyers prioritise privacy, land, and a connection to the landscape over sheer building size, making these unique locations a more enduring investment.
Inside The One
Rod Stewart has a kick about in LA
One of LA's mega-mansions
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