Ultra-Rich Blow Their Money On Virtual Housing

A Beverly Hills home listed on the market at around $9.5 million gives buyers the opportunity to buy a matching house in the Decentraland world, a ‘decentralized’ virtual world where users can purchase ‘land', participate in events, and customize their avatar, for an additional $100,000. No, we are not making this up. Ana Kasparian and John Iadarola discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:
https://www.hollywoodreporter.com/lifestyle/real-estate/beverly-hills-house-listing-metaverse-1235135074/

"Beverly Hills real estate is moving into the metaverse.

A Spanish-style 1928 home in the flats of Beverly Hills that is coming to market this week for $9.418 million arrives with a decidedly 21st century add-on: Prospective buyers also have the opportunity to purchase a sister residence that’s been built in the 3D world Decentraland for an additional $100,000.

Dubbed 607 Beverly Hills MetaHouse — and put together by metaverse developer LEDY and real estate agent Rochelle Atlas Maize, director of luxury estates at Nourmand & Associates — the listing features a 5,062-square-foot physical house at 607 N. Arden Drive that includes five bedrooms in the main house and one bedroom in a guest house, plus a pool and outdoor deck on a 14,100-square-foot lot.

That house also comes with completed plans and pending RTI permits for a new 10,280-square-foot, eight-bedroom Georgian-style house, designed by Beverly Hills’ Gabbay Architects, that can be built on the property."

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