The original post only had part of the URL. I'll try to put the whole thing here:

http://www.bloomberg.com/news/articles/2015-05-26/california-dreaming-record-500-million-tag-on-l-a-home

As yu suggested, I think it does include a lot of real estate, but even so -- sinking a half BILLION into a residence is insane. The realtor is probably on crack.

Thanks for the updated link Ted. From the photos presented in the article, the absurd price tag makes a little more sense.

Who knows, maybe it will actually sell for that amount, but I still think the asking price is wallowing in fantasy land. My guess is they won't even bag half that(assuming its delusional investors can turn it over at all).

I mean, think about it folks ... how many plots of real estate can you think of have sold for a QUARTER BILLION DOLLARS, and what type of fool would it take to spend it on a plot of land anywhere near Southern California?