Shell-Company Home Ownership

Written by Jim the Realtor

December 15, 2015

le bel

Hat tip to daytrip for sending in this fascinating story on how the wealthy foreigners are buying real estate here – a quote from the article:

“Ask a cop and they’ll tell you that 50 percent of their day dealing with the privileged is miserable,” Mr. Soboroff said.

http://www.nytimes.com/2015/12/15/us/shell-company-bel-air-mansion.html

1 Comment

  1. Daytrip

    So funny. I was just telling a friend the other day that guy is going to get hosed. He’s no match for the combined forces of the Old Money of Bel Air. One Bel Aryan, Jerry Perenchio, was a major tv mogul. He’s given tons of money to charities and civic endeavors all over the city. Ya really want to mess with him having a nice day? There’s plenty more old money there. Perenchio lives in the old “Beverly Hillbillies” mansion, btw. Mohamed is like a drunk hobbit flipping off the Eye of Sauron. Unintended comedy will ensue at his exclusive expense.

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