UK Car Lending

Mansion Global Daily: In-N-Out Heiress Sells California Megamansion, Auto Designer Responds to Hurricane Miami Winds and More



Billionaire In-N-Out Burger Heiress sells California mega-expansion for $ 16.25 million

Fast food chain president Lynsi Snyder-Ellingson has lost more than $ 1 million on the house, which she bought for $ 17.4 million almost a decade ago. Read more

BY THE NUMBERS


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Award-winning wine is produced at this 187-acre vineyard in Sonoma, California

The nearly $ 20 million estate includes a four-bedroom main house that took artisans several years to build. Read more

INSIDERS


Aston Martin designer Marek Reichman responds to hurricane Miami winds with car-inspired aerodynamics

The automotive director talks about working closely with the architects on the brand’s first branded residence and drawing inspiration from his experience with luxury vehicles. Read more

NEW BITES

South Lake Tahoe Ranked # 1 in US Among Buyers and Viewers

According to Zillow, South Lake Tahoe was the most popular city in the United States among real estate aficionados this year. The homes on the market in Northern California were the most viewed nationally, with nearly 5,500 per listing, and not all were just browsing. “We think people don’t just dream when they search,” said Amanda Pendleton, home trends analyst for Zillow. “In South Lake Tahoe, they’re actually buying and that’s what drives home prices up.” RISMedia

UK mortgage provider offers substantial loans

UK mortgage lender Habito allows buyers to borrow up to seven times their income, which is significantly more than the typical maximum of four to five times a home buyer’s salary. While the new system will allow some to buy a home that would otherwise be out of their price range, it is believed that it could also reignite the discussion on responsible lending practices. The Guardian

Chinese central bank promises to support real estate market

China will ease some controls on the real estate sector in an attempt to limit the fallout from its struggling real estate market, the country’s central bank said. The People’s Bank of China has said it will support homebuyers and protect their legal rights. Upcoming changes could include government spending to support growth, relaxing local market cooling measures, among others, according to a note from Goldman Sachs. Reuters

Half-built Mohamed Hadid, 30,000-square-foot Los Angeles teardown auction

Los Angeles developer Mohamed Hadid ultimately sold his legally besieged and half-built Bel Air mansion at auction. Local developer Sahara Construction Co. took over the site for $ 5 million and agreed to demolish the structure over the next nine months. The deal comes after years of legal battles between Mr Hadid, his neighbors and the city, who ordered him to demolish what would have been a 30,000-square-foot house that she said was in danger of collapsing. Dirt

AROUND NEWS CORP

Former Washington football QB Alex Smith sells McLean, Va. Mansion for $ 5.8 million [Realtor.com]

Inside Luxe Family Home to Raise Big Sums of Money for Local Charity [news.com.au]

Hoover, Ala., Real Estate: What You Can Get For $ 1 Million [Fox Business]

Your Neighbors May Not Be Your Allies: How To Buy From A Homeowners Association. [Barron’s]