Who Buys A 100 Million Dollar House? | #VoodooAgent #GaryGold #LuxuryRealEstate
Voodoo Agent – Gary Gold Luxury Real Estate Agent Best Practices and Top Realtor Training Tips
Music is “Good Thing” by Theodore
Video filmed at 1131 Miradero Road in Beverly Hills, CA
Episode 20: Who buys a 100 million dollar house?
Last year when I sold the Playboy Mansion people often asked me who buys a 0,00,000 house? The short answer is the guy who can’t afford the 0,000,000 house. All shtick aside the 0,000,000 Buyer’s process of a finding a home is no different than the rest of us. The intention is not to spend a certain number, it’s to buy a property that suits their needs and desires. If the ,000,000 homes available are not cutting it, the billionaire buyer is going to go up in price until they find what they are looking for. The one big difference is billionaires buying 0,000,000 homes do not have the same degree of financial constraints as the rest of us, but I have yet to meet one that wants to be a chump and be taken advantage of. Now this Buyer may pay a premium to secure a property but it is going to be his own decision, not because you fooled him.
Most people find it hard to understand, no matter how rich you are the rationale behind purchasing a nine-digit priced property. If you are very wealthy you have to do something with your assets, you need to take a position to best preserve and grow your wealth. Even if your money sits in bonds or the bank you are still taking a position that impacts your worth. Trophy Real Estate provides a hedge against inflation, it can increase in value significantly and it’s a great place to keep all your cool shit:)