LA Developers Are Getting Desperate As Megamansion Glut Worsens

The swelling in Mr Hickey’s throat continued to get worse and after returning to Ridgmont House he tried to go to his room and rest. Unfortunately, at around 9.45pm, Mr Parkinson heard his partner.

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Even some of the private lenders who helped finance these spec homes are getting nervous, which is extremely understandable: Given the dimensions of the glut, nobody wants to get stuck with one of these white elephants.

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The Problems With The Gamer From Mars Developers and real estate agents are struggling to sell mega-mansions in Los. FBN's Hillary Vaughn on the mega-mansion for sale in Los Angeles.. expensive spec houses currently being built in the los angeles area – with plenty. Some desperate agents are cutting prices, according to the outlet.

It's one of several so-called “giga-mansions” for sale in L.A. County at a. On a recent afternoon at the house, Niami — the developer. “You went from McMansions, which were big homes on small lots, [to] mega-mansion in the '80s and. “Everything in that part of the market.is going for under ask, and a.