#FoodFriday: Din Tai Fung

The amazing xiao long baos are finally here! I'm sure we were all waiting for the day they opened in the newly remodeled Century City mega mall and then all waiting for the line to be short. 

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Hot tip: Go at the very beginning of lunch or right at the end of lunch around 3pm for shorter lines ;p

If you love Taiwanese food, you'll really enjoy this franchised delicious restaurant called Din Tai Fung. Some of you may know that there is one in Glendale, Arcadia and South Coast - and lucky us Westsiders, we finally get one in Century City! 

This place has everything from fried ring, beef noodle soup, scallion pancakes, spicy wontons, and of course their famed xiao long baos (small dumplings with soup). Super delicious before or after or even in between your shopping sprees. I highly recommend the spicy wontons and their baos. 

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Silicon Beach is The New Los Angeles

Gone are the days when Los Angeles’ only exports were dazzling Hollywood pictures or sun-soaked tourist spots. The tech boom has moved swiftly through town, putting a stake in the ground (or sand) as the new Silicon Valley by fostering innovation and acting as a benefactor to a new vibrancy on the coast.

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Silicon Beach distinguishes itself right off the boardwalk: Snapchat offices border Ocean Front Walk in Venice, giving employees a chance to dip their toes in the Pacific Ocean on a lunch break. Over 500 tech companies like Google, SpaceX, Tinder, GoFundMe, Riot Games, Netflix, Hulu, and Facebook have fueled a massive swell of prosperity: Silicon beach leads the latest surge in home growth in Los Angeles.

The tech scene has brought a renaissance to the city, infusing it with smarts, friendliness and variety. We took a closer look at some of the fixtures that make this burgeoning enclave the best place to not only work hard, but play hard.

PLAY

Bohemian, laid back vibes transition like the nearby waves as the tech boom introduces innovation and creativity to the city. Due to this shift, those who call the West Side home are lucky to indulge in a new array of alluring beach activities and hot spots.

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Read more on our Elliman Insider by clicking here

#WealthReport2018

Did you know the number of people with $50m+ in net assets increased by 10% in 2017, taking the total to 129,730 individuals globally? To find out more download The Wealth Report —> elliman.com/wealthreport .

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The 2018 edition of The Wealth Report, now in its 12th year, tracks the trends of the world’s wealthiest people and how they influence real estate markets around the globe.

Below are 20 key findings from this year’s report, jointly produced by Douglas Elliman | Knight Frank Residential along with data specialists, Wealth-X.

FOLLOW THE MONEY

Tracking wealth concentration and the flow of capital

1) The number of UHNWIs – individuals with $50m+ in net assets – increased by 10% in 2017, taking the total to 129,730 individuals globally.

2) The number of HNWIs – individuals with $5m in net assets – is set to rise 43% by 2022 to a total of 3,617,550.

3) New York leads all global cities in households earning $250k+ per year, with more than 1,167,000 counted. Los Angeles comes in 2nd place with 637,000.

4) North America remains the world’s largest wealth region. Some 34% of the world’s ultra-wealthy are based here, and their ranks rose by a further 5% last year, taking the total to 44,000.

5) 20% of the UHNWIs (Ultra High Networth Individuals) in North America plan to buy another residential home in-country in 2018, versus 10% who plan to purchase a home out-of-country.

6) In China, the population of those with $50M+ will more than double in the next 5 years. There will also be strong growth in Japan (+51%), India (+71%), Indonesia (+66%) and Malaysia (+65%).

7) Based on wealth, investment opportunity, lifestyle and future growth, New York is the most desired global location for the ultra-wealthy. London comes in second. San Francisco is the 3rd most desired location, and the second most desirable city by lifestyle.

PRIME REAL ESTATE MARKETS

Measuring the world’s luxury residential property markets in 2017

8) In Aspen, the residential prime property market – recognized as the top 5% of the market by price – recorded the 3rd largest price increase worldwide in 2017, with a 19% year-over-year growth.

9) Los Angeles, New York and Miami saw growth of 5.1%, 4.6% and 2.2% respectively in 2017. In New York, the 4.6% rise reflects the conclusion of a number of high-end sales as vendors across New York City displayed greater flexibility on price in both the resale and new homes markets.

10) Europe is home to four of the world’s top ten performing prime residential markets: Amsterdam (+15%) Frankfurt (+12.9%), Paris (+12%) and Madrid (+10.6%).

11) In Asia, the weakening of prime property markets in Beijing (+9%) and Shanghai (+7%) contributed to a slight drop across the Asia-Pacific region as a whole, with markets averaging 4.4% growth in 2017, down from 5.2% the previous year.

12) The Chinese city of Guangzhou leads this year’s prime property market rankings, with prices up 27% year-over-year.

13) Seoul (+13.2%) and Hong Kong (+7.3%) continue to perform strongly in the prime property market sector.

14) Istanbul’s prime property market took top honors in the Middle East region with growth of almost 5%, but with inflation in Turkey at almost 13% in 2017, prices declined in real terms.

15) In Dubai, the story of 2017 was one of stabilization. In the first nine months of the year, prime sales volumes rose by 6% and the total value of prime transactions reached Dh2.27 billion, up 9% from the same period a year earlier. Ahead of Expo 2020, large-scale investment in new infrastructure projects is expected to filter through into market sentiment.

LUXURY INVESTMENTS

From wine to watches, the passion investments of the ultra-wealthy

16) Art led all asset categories in 2017, its value increasing 21% year-over-year.

17) 2017 saw the most expensive painting ever sold with Leonardo da Vinci’s Salvator Mundi going for US$450 million, smashing the previous world record set by Picasso’s $179 million Women of Algiers in 2015.

18) Investment grade wine, which was the top-performing asset class in 2016 with a growth of 24%, put in another double-digit performance last year (+11%) to clinch second place.

19) Classic cars is the best performing asset class over a ten-year period. It saw a number of striking auction results in 2017, with a 1956 Aston Martin DBR1, raced by legendary driver Stirling Moss, selling at auction for $22.5 million.

20) Watches – The ‘Paul Newman’ Rolex Daytona set a new record for wristwatches at auction in 2017 and sold for US$17.8 million at Phillips. Given to him by his wife Joanne Woodward and inscribed “Drive carefully”, the watch was originally guided at US$1 million.

Winner of the Next Hot Area to buy in Los Angeles...

goes to VIEW PARK! 

If you haven't already heard where buyers are flocking to buy in Los Angeles, you'd be surprised to find that it's actually not that far from everywhere else. 

View Park, Baldwin Vista, Ladera Heights, Leimert Park, Adams, ...these are all areas that are hot hot hot. 

Read more about these areas from the locals who have been there since day one right HERE.

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Aspen, Colorado

Was I lucky in Aspen or what?! For what seemed to be a pretty dry season turned out to be quite the magical white fresh powder weekend in Aspen Colorado.

Couple weekends ago, I went to Aspen for the first time ever and it was so gorgeous. I mean, living in LA, we don't really know the meaning of mountains until we see it. I witnessed the first big snowfall of this season which brought the perfect conditions to go skiing! Literally so blessed that happened when I went. 

The thing about Aspen that really made me fall in love is the town's charm. It's got adorable streets, delicious restaurants, charming sidewalks and the history is just incredible! I stayed at the Hotel Jerome, which is a 130 year old hotel! If I can recommend anything for your stay in Aspen, it is to check out that hotel. Such a cool vibe! 

Also Douglas Elliman is huge in Aspen! Check us out!