In July, Troubled actress Kathleen Turner decided to put her six-bedroom mansion in Amagansett for $6.9 million. The home was built in 1903 on Bluff Road. It has an original lead-glass windows with two living rooms. There is also an ocean view from the master bedroom. The kitchen has a butler’s pantry and a maid’s room is found at the basement. The home also has five fireplaces.

Kathleen Turner bought the six-bedroom mansion in 1990. In 2005, she decided to sell it but no one was interested. She renovated the house, refinished the oak floors, painted the walls into white and decorated the rooms to make it presentable.

Photo Credit: Eonline.com

The many luxury homes that are mostly owned by celebrities and other high profile individuals have also been hit by the recession with several falling victim to foreclosure due to their inability to pay their mortgages. These multi-million or even multi-billion dollar homes took a long time to erect but they are also quite a liability due to their huge price tag. From maintenance costs to the mortgage, they all carry a high price that this current recession has taken a hard bite at resulting in their getting foreclosed by their lenders may they be private or banks. From Hollywood stars to former magnates in every field, they all suffer the same fate, Full Story »

Life is getting dangerous by the minute, the recession, jobs are being lost and many factors that indirectly effects crime and the frequency of such criminal activities. Investing in a luxury home, you should also invest in a respectable security system to defend it against the criminals out there. From the perimeter to the inside of the home, all these areas deserve protecting assuring you have ample warning of an intrusion. With some upgrades, you can even tie down the pool security system to your alarm giving you a way to cover all bases with less equipment.
Some security systems come with membership to a security group that installs and maintains the system, responding to alarms before notifying police and other law enforcement if necessary. The options are limitless so you decide on the value and protection you need for peace of mind and your family’s safety.

Image source:www.insiderpages.com
Some Expensive Must-Have Items:

According to the Federal Reserve, the net wealth of American households hit a high at the end of last year, increasing from $46.59 trillion in the third quarter of 2004 to $48.53 trillion in the fourth quarter.

Rising real estate and stock prices helped push the country’s household net worth up 4% between the third and fourth quarters.

You can now buy a $67,000 hand-crafted bathtub; Luxury is no longer confined to the affluent. To enhance people’s lives they are willing to pay more for luxury items like expensive perfumes and designer handbags.

Sometimes it’s hard to justify spending much more on an item when something considerably less expensive offers the same functionality.

Still, the expensive watches get sold and people are proud to own them. The exclusive maker of mattresses for the British royal family will reject a container of cashmere if it is deemed to be clumpy or defective in any way, says the director for the American division.

For each bed, workers cover thousands of springs in calico cotton; the damask cases are hand-woven in Belgium. If you have to ask how much these mattresses cost you can’t afford them.

The actresses old home in Quezon City is the complete opposite of the new one. Drenched in bright colors of green, orange, and yellow, the house represents Ai Ai’s working attitude, cheerful and bright. A large family portrait even adorns the living room.

Compared to the new home, there are no pictures adorning the walls and certainly no shocking bright colors. The subdued theme is intended to reflect the true nature of Ai Ai off-screen, simple and cozy. This has taken Ai Ai completely to calling the new house her comfort zone, a place where she can take her mind off work and calm her lifestyle.

Philippine comedian actress Ai Ai Delas Alas did not make a mistake in spending a fortune on her newest enclave at Quezon City. The house oozes sophistication and minimalistic elegance, a project expected no less of architect Ricky Solatorio.

To keep the mood subdued and to highlight the contrast from her previous home, also in Quezon City, the actress pressed upon limiting colors to two in the design, brown and white. In interior design, the actress also staunchly insisted on taking charge, adding her personal touch by filling her home with cultural wooden and clay pieces from different places which were by no means out of place.