Los Angeles Times: "The U.S.' Priciest House For Sale is a Bel-Air Mansion that Includes 7 Staffers an a Helicopter"

“The air is very thin at this segment of the market,” said Paul Habibi, a professor of real estate at UCLA. But this is L.A. Fortune and wealth often can materialize overnight, whether from someone overseas looking for a place to park his money or a tech titan riding the wave of a newly minted IPO.

Habibi doesn’t expect the buyer to come from the old-money crowd. “Anybody who has had money for a long time knows better than to spend it on a $250-million house,” he said.

[LAT: 1/18/17]