Hot Property newsletter: What makes the L.A. housing market go round?

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Matthew Perry, Katy Perry, Geena Davis and Bret Michaels are among recent real estate movers and shakers.

in the Beverly Hills Post Office area for $7.95 million. She and actor-fiancé Orlando Bloom recently had a daughter.

The 5,146 square feet of living space also contain five bedrooms, an office, a library, a safe room and a bar. . “The Bold and the Beautiful” star and her husband, Creative Artists Agency agent Elan Ruspoli, are asking $2.1 million for the hillside home.

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L.A. homebuyers are suckers. Put in a hardwood floor and paint the walls and they think they’re buying the Taj Majal. Even on a 100 year-old shack of a house. Flip. Flip. The tales I could tell.

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Look Who’s Really Chasing Hot Stocks Like ZoomProfessional stock pickers are blaming small-time investors for the phenomenal rise of stocks like Zoom and Moderna. Maybe they should look in a mirror instead, writes jasonzweigwsj. jasonzweigwsj Yeah it’s a problem for those missing out. But you know investors learn the hard way next time the market dips hopefully they won’t miss out. America will always recover buy small buy mid caps buy large. jasonzweigwsj Sounds like the active managers have FOMO, this is why index funds persist as a great investment vehicle. The index fund already held those small shares at 0.05% and already got their 10x return!
Source: WSJ - 🏆 98. / 63 Read more »