Jeff Bezos Steve Wozniak Paul Allen county Valley city Carmel, county Valley Coronavirus cover country folk Jeff Bezos Steve Wozniak Paul Allen county Valley city Carmel, county Valley

Apple Co-Founder Mike Markkula Relists His Carmel Valley Ranch

Reading now: 607
variety.com

By Mae Hamilton Though coronavirus chaos has hit all sectors of the economy hard, the luxury real estate market has been especially affected.

Jumbo mortgages have dried up, many would-be buyers backed out of escrow, and even Jeff Bezos — still the globe’s richest man — decided to back out of a $90 million deal to buy one of the late Paul Allen’s Beverly Hills estates.

And many for-sale properties have been price-chopped or sold with big discounts. But in an interesting twist, demand for land in rural areas has seen actually seen a sharp increase since the beginning of the pandemic, with many urban-living folks hoping to snag a second home far from the respective big cities.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA