A Temporary Nest in 'The Birds' for Lovebirds Jennifer Aniston and Justin Theroux



Rom-com queen and former sit-com star Jennifer Aniston (Friends, Horrible Bosses, Marley & Me) may have only snatched brooding screenwriter/actor Justin Theroux (I Shot Andy Warhol, American Psycho, Tropic Thunder, John Adams) from a 14-year relationship a few short months ago but their high-profile and much chronicled romance zoomed from 0-60 faster than it takes water to boil.



Almost immediately after hooking up the very quickly smitten kittens were spotted looking for a house to buy in some of the better zip codes in Los Angeles. Your Mama–dontcha know?–has specific knowledge of two high-priced pads the pair peeped. Not finding the perfect property to buy, the now constant companions reportedly opted to lease a (temporary) love nest in a celebrity-chocked neighborhood high above the Sunset Strip in Los Angeles, CA known as 'The Birds.' The 'hood, home to Hollywood types like Leo DiCaprio, Keanu Reeves, Megan Mullally, and Jodie Foster, is often referred to as 'The Birds' due to all the streets being named after–you got it–birds.



A well-informed tattletale we'll call Ben Theredonethat pointed Your Mama's limited attentions to the couple's new crib, a very modestly-sized if still quite pricey pad last on the market with a rental price tag of $20,000 per month. Property records show the well-located but discreet digs were purchased by the current owners, a screenwriter husband and a location scout wife from a prominent New York family, in January 2007 for $3,050,000.



Listing information Your Mama managed to squeeze out of the interweb shows the high-hedged, electronically-gated, and recently-renovated ranch-style residence measures 1,761 square feet and includes just 2 bedrooms and 2 bathrooms plus a 2-car garage converted into a den/office with pitched ceiling and an entire wall lined with built-in book and display shelves.



The main living/dining room has a high vaulted ceiling with exposed beams, peg-and-groove wood floors of various widths, a wood-burning fireplace flanked by built-in book cases, and a trio of French doors that open the long room the to small limestone terrace that surrounds the wee plunge pool and attached spa.



The random-width wood floors continue into the adjacent eat-in kitchen that has a faint but detectable vibe of a French bistro and includes dark taupe cabinets topped by grey-veined white marble counter tops, white subway tile back splashes, high-grade stainless steel appliances and open shelves on either side of the window over the sink where the daily dishes are on display.



The guest bedroom offers a pitched ceiling, brick fireplace, walls covered in what looks like burlap or some sort of linen, and simple but adequate bathing and terliting facility with glass-enclosed shower stall and wood floors. The master bedroom, considerably larger than the second bedroom but still quite cozy features a peaked ceiling with exposed beams and an attached bathroom with double sinks and marble-lined tub/shower. Two sets of French doors open the bedroom to the pool deck and bathmat-sized patch of grass that gives way to a lounging terrace protected for privacy by a thick and tall hedge.



In addition to the plunge pool, spa and surrounding sunbathing terrace with canyon view, the small backyard includes a number of other patios and decks for lounging, dining and entertaining.



Interestingly, but not surprisingly given the rather unusual real estate ways of the rich and famous, the leased house sits just a half mile from another modest house at the top of the Bird Streets that Miz Aniston has owned since January 1993 when she shelled out $751,000 for the 2 bedroom and 3 bathroom ranch-style residence. One would be a fool not to wonder why Miz Aniston and Mister Theroux didn't just move into that house but such are the inexplicable ways of the rich and famous.



In late June (2011) Miz Aniston sold Ohana, her approximately 10,000 square foot newly renovated mansion in Beverly Hills, for $35,000,000. All research and signs point to the buyer of Ohana as Bill Gross, a freakishly wealthy Orange County (CA) mutual fund manager.



Prior to that, in April 2011, Miz Aniston dropped a titanic total of $7,019,000 for two itty-bitty apartments, one on top of the other, in an imposing, desirable and very expensive pre-war building in New York City's hyper-gentrified West Village. Miz Aniston paid $2,069,000 for the lower unit, a 1 bedroom and 1 bathroom with 3 closets, a tiny kitchen and wood-burning fireplace in the step down living room. The apartment was last priced at $1,800,000, which means Miz Aniston wanted it so badly she paid $209,000 over the asking price. The upstairs unit, a petit penthouse owned by sensationally successful hair cutter Sally Hershberger, cost Miz Aniston a whopping $4,950,000. While no larger than the downstairs unit, the puny penthouse has almost as much space outdoors from the wide terrace that wraps around three sides of the apartment and offers thrilling city views to the south, west and north to the Empire State Building and–even better–the Chrysler Building.



Presumably, as per previous reports, Miz Aniston intends to combine the two tiny units into one still quite cozily scaled duplex penthouse that will encompass fewer than 2,000 square feet of interior space.



The astronomical sale, purchase and rental prices of Miz Aniston's recent real estate activities boggle Your Mama's boozy brain into a state of torpid bewilderment. However, puppies, we can still find and muster the a very real appreciation of Miz Aniston's new-found self-recognition that bigger and fancier is not necessarily better when it comes to real estate even if one's bank account balloons impressively with a sizable showbiz fortune like hers, usually estimated to be well in excess of $100,000,000.



listing photos: Coldwell Banker / Hancock Park North via LA Life

Tips For Landlords to Quickly Find Your Next Tenant

There are tell tale signs that rents could start in Dubai, in the established neighborhoods of the city to increase as early as this year. Landlords need more income from their rent in 2012 than they did in 2011. But Dubai today is a big city with thousands of properties. Landlord must take the right steps to ensure that their property does not remain vacant for long.

Vacancy periods can prove very expensive


Unlike selling a property, a property loses for rent, which remains empty is revenue each day it is empty. A few numbers in prospective landlord loses about 2% of the rental yield every week the property unoccupied by a tenant. So if you are looking for an asking price of AED 100,000 per year, with a tenant start today at AED 90,000 or search for a tenant to pay AED 100,000, but in 5 weeks time, you'll end up with the same amount of money 12 months from today. With this in mind, here are some tips to help you quickly find your next tenant:

Top tips to find your renters quickly


1.Start with your property: It is important that your property gives an impression of a neat and clean property. If the prospective tenant has the odor smell bad sanitation, do not see any signs of leaks, cracked walls or strange noises coming from the air conditioning system, it sends runs the other direction. No tenant will have any risk of leasing a property, the hidden problems. So before it shows to start, you give your property a fresh set of colors, a good, clean and have a maintenance company, a general maintenance of your AC and amend those small hairline cracks in plaster, usually caused by the small size carryout are the walls from the heat.

2.Don 't lose too much time through the pricing of your property too high: When it comes to evaluating a property, its best you leave a few reputable agents will find you an offer and, on average, rather than calling different agencies and see who sounds confident in getting you a tenant at the highest price. In order not to lose a listing, agents sometimes agree with the landlord at any price they ask for and give false promises to find them a tenant. But this will not help much, if 6 weeks have passed and you are still without tenants.

3.Make a wise choice in selecting the right agent discussion forum: Now that your property is well presented and you have a good understanding of a market value, it is time for you to choose to have a representative agent. Some landlords decide to contact each agency can get a phone number. But a word of warning, most agencies use the same property portals to promote your property and your property if all these agencies are listed, it will not win more customers, just simply give a false impression that there is a large selection in real estate like yours. There is an oversupply of properties in Dubai, and you do not want to continue to contribute to this by duplication of your own property. If tenants a lot more to offer availability to see you less. Real estate portals are primarily a search engine for real estate, as long as your property is listed once, all the tenants to search the website will be able to find your property. To help you choose an agent, the face of his best hits to the face and they are on the property. An owner of a few weeks ago arranged an open house for agents, which is a great idea. He invited representatives from various companies and after a meeting with all of them, he chose the agent felt he represented the best fit to his property. This gave him the chance to meet the agent of the face, take some time to get over the experience of the agent, and there is a chance for the agent to view the property together with the landlord and highlight the best features of the property .

4.Build confidence in your agent: I've always believed that the quickest way is to find a tenant, when agents from different companies work together. But some representatives are not convinced, in the promotion of a property they provide to other agents fear they can handle it, and close the business directly with the owner. Can solve a simple representation of the agreement between the landlord and the agent all of this and allow free agents to promote the property among other agencies who have to wait a suitable tenant.

5.Provide easy and fast access to your property: only very few properties are the first tenants that they took a view, as a result of the more customers you have the property, the faster you are visiting someone who can find a place a deposit. Give your agent a copy of the keys to the property, or you can arrange with the building security, to have a copy of the key at the reception. Most customers want to see qualities in their own convenient time and, if the agent has to be a time when all three parties, the tenant, the landlord and the agent are found, simply, only the number of inspections carried out can. Where possible, DEWA has been running for visits after dark and with the AC in the apartment will display a little more fun to make, especially during this time of year.

6.Great photos make a big difference: We recently had to perform a test on various real estate portals to attracting the interest of a property when it is compared with professional photographs without a compare lists. We found that a property with professional photos, floor plans, lots of description, highlight the best features of the property listed to listed to generate 40 times more interest from tenants the same property with limited and poor quality photos, and a weak description. Thus, in choosing an agency, take some time to see how they advertise other rental property online. Find out if the agency has the staff photographer, a substantial marketing department, and multiple channels to promote your property.

Christina Aguilera Takes It on the Real Estate Chin



SELLER: Christina Aguilera

LOCATION: Los Angeles, CA

PRICE: $4,653,815 (sale)

SIZE: 6,500-ish square feet, 4 bedrooms, 7 bathrooms



YOUR MAMAS NOTES: It may have taken more than three years and a handful of heavy-duty price chops but recently divorced pop music super star turned reality tee-vee singing contest judge Christina Aguilera has finally sold her former bachelorette pad high above the Sunset Strip. A kindly snitch we'll call Nathaniel Needsyoutoknow quietly informed Your Mama the sleek contemporary recently went for the dizzyingly complicated price of $4,653,815.



Miz Aguilera purchased the 4 bedroom and 7 crapper crib in the Bird Streets 'hood back in April 2003 for an even-Steven $5,000,000. A few quick flicks of the well-worn beads on Your Mama's bejeweled abacus reveals the dirrty girl's designer pocketbook and real estate ego took a $346,185 hit on the property not counting the fat real estate fees that easily ran in excess of $150,000. Certainly Miz Aguilera can safely weather a half million dollar financial storm but still, let's be honest pets, it's never a good day to lose half a million bucks even if you're a money-making showbiz machine like Miz Aguilera.



Celebrity real estate watchers and Xtina fans the world over already the highly stylized and sometimes misbehaved divorcée has been trying to off-load this property since April 2008 when she first hoisted the Steve-Hermann-designed house on the open market with an asking price of $7,995,000.



Listing information shows the many-angled modern manse weighs in at more than 6,500 square feet of interior space with vast banks of floor-to-ceiling glass that powerfully reveal the seductive and unobstructed city views that go for as far as the eye can see and the smog allows. A built in sofa in the sunken living area curls around a futuristic fireplace with trapezoidal stainless steel chimney breast. Boozers and liquor lovers like Your Mama will appreciate the L-shaped built-in bar–the kind with actual bar stools–tucked into an architecturally dramatic corner of the main living/entertaining area. Terrazzo floors run under foot, glass sliders open the room up to the outdoors, and up above a vaulted wood beamed ceiling pierced by sky lights and a long row of clerestory windows entices ambient light into the airy area.



A more intimate living area–a den or a family room, if y'all will allow us to call it that–has glossy wood floors, massive pitched sky lights and a full wall of floor-to-ceiling sliding glass doors that look out to a sliver of a patio and a brutalizing stacked stone wall that–in pictures–induces a discomforting kind of real estate claustrophobia in Your Mama.



Special celebrity style amenities of the low profile two-story post and beam pad include a massive master suite with two fireplaces and super-sized custom-fitted closet, a fitness/massage room with mirrored walls and naughty cherry red floor, professional screening room with built-in bar and seating for at least 15 movie goers, and–natch–a recording studio.



Many of the mansion's main rooms open to the wide stone terrace and deck that runs the full length of the house and features and outdoor fireplace. Although there's probably too little room to put a pooch through its proper exercise paces, there's plenty of space for more human activities such as sunbathing, eating, sitting around a fire pit, taking in the glitzy carpet of lights that stretch out below the house, and hanging out in an amorphous swinger-friendly 12-seat spa.



Miz Aguilera married music industry executive Jordan Bratman in the fall of 2005 and it wasn't long before she turned up with a bun in her oven. As is often the case with rich and famous folks, a new baby meant the L.A.-based parents to be needed a new mansion in which to bring up baby.



After a peep and poke around a number of high-priced pads in some of Tinseltown's most expensive zip codes, the then-happy couple settled on a 6 bedroom and 9 bathroom Beverly Hills mansion owned by Sharon and Ozzy Osbourne. Property records and previous reports show the couple shelled out $11,500,000 for the walled and gated estate where a daily parade of buses and vans loaded with camera wielding tourists and super-fans roll slowly by hopin' and prayin' they''ll–what?–catch a glimpse of Miz Aguilera decked out in a bespangled halter top, Brian Atwood pumps and a face-full of make-up pushing the mower, clipping the hedges or backing out of the driveway?.



In March 2011, six or so months after it was revealed that Miz Aguilera and and Mister Bratman planned to part ways and dissolve their 5 year marriage, they quietly pushed their decadently decorated Mediterranean mansion in Bev Hills estate on the market with an asking price of $13,500,000. The 10,000 square foot pile remains listed at the same number.



In classic celebrity fashion Miz Aguilera took up with another man–a smirky production assistant named Matt Rutler–very shortly her split with Mister Bratman. There's talk and gossip that Miz Aguilera wants to make her rebound romance with Mister Rutler legal in the eyes of God and government but the Gossip Cop says the marriage scuttlebutt aint' nuthin' but "entirely false."



Your Mama, who doesn't know a pig pen from an ink pen, has no idea what Miz Aguilera's romantic plans my or may not be as regards to Mister Rutler. We do know that with one mansion sold and another on the market the fast-living single mommy needs a new place to live so we fully expect the platinum blond bomb shell will be back in the celebrity real estate headlines before Your Mama can work our way through this elephantine bottle of gin the Dr. Cooter brought home from Costco last week.



listing photos: Hilton & Hyland

What does Warren Buffett know?

When I first read this morning that Warren Buffett had invested $5 billion in Bank of America, I was puzzled.  I didn't know how Buffett could figure out the costs of likely mortgage repurchases from securities issued by Countrywide/Bank of America.

I thought perhaps that Buffett had hired an army of analysts to go through the securities and figure out their value.  But Nicholas Santiago (h/t Yves Smith) has the more likely explanation:

3. Warren Buffett has made a career of investing in troubled companies for the sake of the economy. The last time he made an investment such as this one was back in 2008 with Goldman Sachs Group Inc.(NYSE:GS). It is important to remember that Goldman Sachs was bailed out by the tax payer in what was called the TARP program. Buffett knows that the U.S. taxpayer will bail him out if he is wrong and Bank of America stock does go belly up. 
[Disclosure: I own a few shares of Berkshire-Hathaway B-shares]. 
 
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