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“The iconic Beverly Hills mansion previously leased by celebrity heiress Paris Hilton and her husband Carter Reum has re‑entered the rental market with an asking price of $169,000 per month. The property, known for its expansive grounds, opulent interiors, and proximity to Hollywood’s elite, underscores the ultra‑luxury segment’s resilience even as broader housing affordability challenges persist in the United States. Expert Analysis: The steep monthly rent reflects a niche but growing demand for high‑end short‑term rentals among affluent consumers, which can inflate local property values and skew market dynamics. Continued visibility of such premium listings may encourage developers to prioritize luxury projects, potentially widening the gap between high‑income and average‑income housing markets.”
The mansion that heiress Paris Hilton and her husband, Carter Reum, rented before buying their own $63 million estate nearby has returned to the market with a sky-high asking price of $169,000 a month.
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Originally reported by MarketWatch
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