Josh Flagg Explains If Diddy’s Home Raids Will Affect Neighbors’ Real Estate Prices

The raids on Diddy‘s L.A. and Miami homes might’ve developed nationwide info … yet real estate magnate Josh Flagg isn’t certain the legal dramatization will certainly results the advantage of your homes.

We overtook the “Million Paper Money Listing Los Angeles” celebrity … that mentions Diddy’s homes are still worth an actually dime — despite continuing to be linked to a intercourse trafficking examination carried out by Homeland Security.

Josh, an L.A. citizen, discusses the Lousy Young boy Records creator’s Holmby Hills estate, which Diddy scooped up for $40M in 2014. The broker includes it’s centrally situated in the A-listing neighborhood and remains in great circumstance … besides the feds trashing it with the raid.

He informs TMZ … “If it does opt for sale, and it is valued appropriately, it’ll advertise.”

While, he confesses the L.A.-area estate probably is not mosting likely to increase in worth many thanks to the “undesirable preconception” bordering the estate. Nonetheless, as Josh informs us, also one of the most impure characteristics can discover a buyer … simply simply take a search at the Menendez residence.

ICYMI … the Beverly Hills estate where by Erik and Lyle Menendez killed their mother and father simply provided for $17 million in March.

When It Comes To just how all the legal dramatization will have an effect on Diddy’s next-door neighbors? Josh is similarly fearless the passion on Holmby Hills will not harm real estate asking price in the lengthy run.

This is excellent information for Kylie Jenner, that mentioned her Holmby Hills home to buy right prior to the Diddy raids decreased.