The Senate has acted with a plan for a bailout for lenders and homeowners, but the plan has not been well received by everyone. This weekend is your best chance to see some amazing gardens.
Celebrity Real Estate
Matthew Perry has bought himself a new home in the Hollywood Hills. Perry paid $4.475 million for the home, located at 2415 Carman Crest Drive. The property is Perry’s third in the L.A. area, the other two located in Malibu and West Hollywood. The new home covers 4100 square feet on a 0.34 acre lot and features disappearing walls of glass.
Country superstar Kenny Chesney has found himself a new pad in Malibu. Located at 22355 Carbon Mesa Road, the new property set Chesney back $7.4 million. It covers 3723 square feet and sits on an estate that features whitewater views and sizeable gardens.
Arnold Schwarzenegger and Maria Shriver have bought 25 acres of land in Santa Barbara County for $4.7 million. The land is in the Rancho Alegre development project, which aims to turn an old ranch into private estates, of which the Schwarzenegger’s will actually be one of the smallest.
News
Democratic and Republican senators have reached a tentative agreement on a housing bill to provide relief to people under threat of foreclosure. The bill provides for $100 million to pay for counseling for people trying to avoid having their homes foreclosed, loans to local housing agencies so that they can refinance loans, and over $4 billion to local governments to buy foreclosed properties. It has already faced criticism from several sources. The Joint Committee on Taxation, a nonpartisan group responsible for determining the financial effects of Congressional legislation, released an estimate which showed that businesses would receive $25 billion in benefits while homeowners received only $3 billion, bringing criticism from consumer advocates, among many others. White House spokeswoman Karen Perino spoke out against the bill, saying that it would bail out speculators and lenders at the expense of normal people “who play by the rules.” Bush may actually be honest on this one, as many of his top donors were corporations that would be helped immensely by the bailout. Treasury Secretary Henry Paulson has, however, changed his position on bailouts from a strong NO to a willingness to consider a bailout plan.
Estate of the Week
If you’ve ever desired an estate with 33 bedrooms and 41 bathrooms, the estate at 688 Nimes Road may be of interest to you. With 3.2 acres and all those rooms, this estate is the perfect place to host a weekend for every one of your friends, and maybe more. The price: $40 million.
Events
The Inland Empire RepoBusTour takes place every Saturday. On the tour, you will see about 10 properties that have been foreclosed. It is free of cost and begins in Rancho Cucamonga. For more information and reservations, call (866) 401-7653.
Creative Arts Group hosts its annual “Art of the Garden” tour this Sunday. The tour begins at 10:30 AM and ends at 4:30 PM. On display will be five Pasadena gardens chosen as the epitome of garden design. There will be live music and artwork displayed in the gardens. Tickets are $25 pre-sale and $30 day of. Call (626) 355-8350 to pre-order tickets or get more information.
The Fullerton Beautiful Garden Tour also takes place on Sunday, from 11 AM to 4 PM. Hosted by the Fullerton College Horticulture Department, the tour features nine of Fullerton’s best gardens. The tour is self-guided, but begins at the Horticulture Department, which can be found at 321 East Chapman Avenue in Fullerton.
There is yet another garden tour taking place this weekend: the Theodore Payne Native Garden Tour, on which you will be able to see 37 gardens in the L.A. area, all of which feature at least 50% native plants. You can take the tour on both Saturday and Sunday from 10 AM to 4 PM. Tickets are $20. For more information, call (818) 768-1802.
Photos via listing websites
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