Earlier today, Curbed readers were chatting about whether Los Angelenos overextend themselves financially just to impress other Angelenos. Well, speak of the devil, we stumble across this Forbes.com piece. Courtesy of the subprime market, there are a growing number of luxury estates set to be auctioned off, including this Laguna Beach estate (pictured) being sold on April 14 by Surf and Country auctioneers. The article also mentions a four-bedroom Newport Beach home up for grabs.
· Luxury Homes On The Block [Forbes]
· Surf and Country [Official Site]