Luxury home prices have gotten so unwieldy that Ye, formerly Kanye West, had to slash the price of his Malibu mansion by around $14 million [Yahoo! Finance]
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Source: Yahoo! Finance
Indeed, the price of typical luxury homes jumped nearly 9% since the start of the year—making them the most expensive they've ever been Yet some high-profile properties have had a hard time selling lately. Billionaire media mogul and proprietor Rupert Murdoch earlier this month had to slash the price of his Manhattan penthouse nearly 40% to $38.5 million. And even more recently, rapper Ye, formerly known as Kanye West, cut the price of his Malibu mansion from $53 million to $39 million, a more than 26% decrease, according to a San Francisco Chronicle report Ye bought the property just three years ago for $57.25 million, according to Los Angeles County property records , with the intention of gutting and redesigning the property. The beachside estate was designed in 2013 by renowned architect Tadao Ando . He also designed a Malibu beachfront home for soap-opera heir William Bell Jr. and his wife Maria; Beyoncé and Jay-Z purchased that home in 2023 for a whopping $200 million , a tr
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