Living next to Buffett

What's a recession among rich friends? Up for sale in Laguna Beach’s Emerald Bay area is a 6,000-square-foot house that just happens to be next to the one owned by the Oracle of Omaha. Purchase price is $13 million; the last time it changed hands was 1990, when the sale price was $1.7 million. You might recall that in 2005 Buffett sold another Emerald Bay property for $3.5 million (he had bought the place in 1996 for $1.05 million). Here's the OC Register post.



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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