The largest house in the world is hitting the market. Known as “The One,” it is set on a five-acre parcel in the Los Angeles enclave of Bel Air. Designed by architect Paul McClean, The One has 21 bedrooms, a 30-seat movie theater and five swimming pools. McClean called the project “exciting and simultaneously intimidating.” He described the completed house as “quintessential L.A. living but on a bigger scale.” Aside from its many extravagant features, another unique aspect of The One is its $340 million cost, making it the priciest house in America.
Social mood regulates the public’s perceptions and behavior regarding housing. During positive social mood trends, real estate prices are bid up. They decline when social mood is trending negatively. As noted in The Socionomic Theory of Finance, this is partly due to real estate selling mostly on credit, and social mood “regulates when creditors and debtors feel optimistic or pessimistic.”
To learn more about the relationship between social mood and real estate prices, read “If Your Nest Egg Breaks, Will You Still Want the Nest?”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.