A Mexican multi-millionaire is building a replica of his northern Mexico mansion to serve as a museum for his art collection, an endeavor criticized because it is funded in large part with public money. — ABC News

Architecturally speaking, it’s not the biggest or best project I made. It’s nice neoclassicism – that’s what was asked for. As an architect, I build what the customer wants...But aesthetically speaking, it is very correct considering historical proportions. It is not kitsch...It's not overdone, but naturally it is rich, as it was supposed to be. And we used fantastic materials. I was proud of my job. — Der Spiegel

The homes of wealthy Americans are responsible for about 25% more greenhouse gas (GHG) emissions than low-income households, according to a new study released Monday by University of Michigan researchers. — Smart Cities Dive

As the tech companies Uber, Airbnb, Lyft and Pinterest prepare to go public, thousands more instant millionaires are expected to flood the market in San Francisco and Silicon Valley. All the while, the middle class and working poor are scrambling for shelter. — The Guardian

Homelessness in America has reached crisis levels and I am determined to do everything in my power to fix the problem as long as it doesn’t involve changing zoning laws or my ability to drive alone to work or, well, changing anything, really. I’m more than happy to give a hungry man a sandwich once a year and then brag to my friends about it as long as he doesn’t sit down anywhere in my line of sight to eat it. Same goes for hungry women because I’m also a feminist. — mcsweeneys.net

Tina Lam and Michael Cheng snatched up Presidio Terrace — the block-long, private oval street lined by 35 megamillion-dollar mansions — for $90,000 and change in a city-run auction stemming from an unpaid tax bill. They outlasted several other bidders.

Now they’re looking to cash in — maybe by charging the residents of those mansions to park on their own private street. — San Francisco Chronicle

This windswept outcropping, peering over the Atlantic, was a Gilded Age haven where the wealthy built mansions known by their names, not addresses: The Elms, Marble House and, most famous of all, The Breakers...

Newport has cared deeply about appearances ever since.

So when large steel beams rose high in the air between the city’s most storied thoroughfares, framing a mansion that will have an unusual, many-sided shape and a flat roof, neighborhood residents and observers were aghast. — the New York Times

London’s traditional elite, such as lawyers, architects and academics, are being pushed out of their enclaves in Mayfair, Chelsea and Hampstead by an influx of global super rich investors, causing a chain reaction of gentrification across the capital, according to research by the London School of Economics.

An influx of ultra-high-net worth overseas buyers is leading the old elite to sell up and move from London’s most exclusive postcodes and buy in areas they previously considered undesirable — the Guardian

By living above 800 feet, Estis and Enkin are two members of an unexpectedly exclusive group in Manhattan. In my estimation, no more than 40 people currently live above that line, scattered among just three buildings...

As my elevator descended and my ears popped, it occurred to me that I would almost certainly never take in such a view again. And in fact, maybe nobody will, if these apartments wind up becoming empty investments. — The New York Times

For years now, people have been talking about the insulated world of the top 1 percent of Americans, but the top 20 percent of the income distribution is also steadily separating itself — by geography and by education as well as by income.

This self-segregation of a privileged fifth of the population is changing the American social order and the American political system, creating a self-perpetuating class at the top, which is ever more difficult to break into. — the New York Times

The [Taylor] family is part of a small subset of affluent homeowners who home-school their kids—but not for typical reasons of wanting to provide religious instruction or because they don’t like the public schools nearby. Instead, they say they can create their own optimal learning environments by buying or building homes in which almost every room is a classroom. [...]

“When you do a house from the ground up, you do it for how your family lives. Home schooling for us is a lifestyle” — wsj.com

"Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties."

"The initiative is part of a broader federal effort to increase the focus on money laundering in real estate." — The New York Times