Welcome to Malibu Beach, California, where you can have lease beachfront home amid the stars for a mere $75,000 per month.
" 'I've gotten $120,000 in the colony,' said Dazzan-Palmer. 'I mean, I've gotten big numbers... But after Labor Day, the prices come down. I have a house on Malibu Road where we're asking $50,000, and then it drops down to $40,000 and $30,000.'
...'We have over a dozen billionaires that live here now,' Dazzan-Palmer said of Malibu. 'People want to come here because of all the wealthy people here. It's like a little chic place, like a little Carmel. Around the country, people see that everybody's in Malibu, and they say, 'We're going, too.' "
Thanks to Chris Steins
Read the full story: Malibu: How the Other Half Leases
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