The highest end of the high end real estate market is buzzing. Already this year three homes in the U.S. have sold for more than $100 million.
Just last week, a property in the Hamptons (outside New York) sold for $147 million -- the most ever paid for a single-family house in the U.S. Still, UCLA's Eric Sussman says real estate that gets this kind of attention is full of risk.
"I don't think any economist, any real estate expert ... would say that buying a $100 million home is a safe place to put your money. Because let's face it you're talking about a very scarce asset with very few potential buyers," says Sussman.
Below is a list of the top real estates sales in the U.S.:Address City State Price paid Date of sale 60 Further Lane East Hampton N.Y. $147,000,000 May 2014 Blossom Estate Palm Beach Fla. $140,000,000 Dec 2012 Broken O Ranch Augusta Mont. $132,500,000 2012 Copper Beech Farm Greenwich Conn. $120,000,000 April 2014 360 Mountain Home Road San Francisco Calif. $117,500,000 January 2013 Further Lane Hamptons N.Y. $103,000,000 2007 The Fleur de Lys Los Angles Calif. $102,000,000 2014
Credit/Compiled by: Miller Samuel Real Estate Appraisers
A day after Russian President Vladimir Putin told separatists in Ukraine they should postpone a referendum on secession, leaders of a militant group say they'll hold the vote this Sunday as planned.
Yeah, I'll admit it. I'm a Radiohead fan.
We're a devoted lot, and because of that, we're pigeon-holed, stereotyped, etc. But everybody should have that one band they love, right? And because "The Bends" came out when I was in high school, Radiohead was that band for me.
I actually liked the later stuff better -- "Hail to the Thief" is my favorite album, the peak before the band's lesser works of recent years. But even better than the recordings were the live shows. Somehow, here was a group of musicians that was doing stadium rock without the Aquanet and tights.
A Radiohead live performance was truly odd and yet still had mass appeal. But I saw guitarist Jonny Greenwood do something in the early 2000s that really blew my mind. It gave me a new understanding of both improvisation and the art of making every performance unique.
Greenwood pulled out a radio at the beginning of the song "National Anthem" and just started madly switching channels. Static spat, voices barked, music played over his brother Colin Greenwood's driving bassline -- it was awesome. And the beauty of it was that every time he pulled the move it was different.
In Germany, it was German radio. In Japan, the voices chirped in Japanese. Here's an example.
Jonny Greenwood's move was part of the inspiration for this week's Marketplace Tech series Playing With Machines. Musicians are great ambassadors and early adopters of technology. Unless you're a staunch classicalist or a virtuoso on an acoustic instrument, you're always trying to figure out ways to make new sounds or bring forth new ideas.
That can mean picking up an instrument you don't understand, or trying to push an instrument you know to the limit for a surprising result. It can mean something as simple as playing to a metrinome, or something as complex as composing music for a robot guitarist with 78 fingers.
Like most artists, good musicians are a wonderful mix of technical ability and whimsy. So the way they think about and interact with technology is a treat to witness.