Friday, August 22, 2008

Aaron Spelling's Widow Transferring to $47 Million Condominium

For millionaires and celebrities who have been used to the living large syndrome, you would be surprised at how they could adjust towards the cramped living of condominiums if they had to. In fact, some people who have been living in big homes with their families are known to have a difficult time to live on their own in apartments and condominiums so you have to wonder how big names could possibly fit in to the modern shoebox homes these days called condominiums.

But for Candy Spelling, the widow of television producer Aaron Spelling of Charlie’s Angels fame, she has declared that she is ready to give up living her manor for a $47 million condo. Whoa! If that is the price for the condo, you have to wonder what would be included in that eh? Also, how much could The Manor be worth right now?

For some people, it goes way beyond living filthy rich. Companionship is one issue. If you are a widow and living in a big house, who could be there to hear you or you could talk to?

This is perhaps one reason for her decided shift. It is great to live in large homes but with no one to share it with, it is totally worthless.

“People say, How can you move from The Manor? There’s no place like it,” Mrs. Spelling said, sitting in the library with leatherbound scripts of every episode of Mr. Spelling’s shows, from “Charlie’s Angels” to “7th Heaven.”

But a condo, she said, “is no different than a house, maybe even better.”

Mrs. Spelling is the most conspicuous buyer in an ultraluxury condo market that is new in the sprawl of Los Angeles, where wealth and fame have usually spelled out “estate,” not apartment living. But real estate experts say a New York-style luxury high-rise lifestyle is creeping into the wealthiest echelons, fed by trends like people looking to own more than one home, foreigners drawn by the weak dollar to invest in Los Angeles, and new residential buildings being designed by celebrity architects like Robert A. M. Stern, Richard Meier and Jean Nouvel.