Buyers including Kanye West and Snapchat’s Evan Spiegel contributed to a record-breaking year, as the pandemic inspired the ultra-wealthy to invest more time and money in their homes.
transactions in 2021. Numerous records were broken — including for the most expensive home ever purchased in California — as the ultra-rich invested in mini-fiefdoms that give them few reasons to ever leave the house.
According to Branden Williams of Beverly Hills Estates, the pandemic has made wealthy buyers double down on home life. “People really realize how important their home is. Homes are becoming their everything,” he says. “Their gyms, their theaters, where they work out of. Especially after lockdown, I think people just really want their home to be their sanctuary.”
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