NO HOUSING PROBLEM HERE

"Russian-Israeli diamond magnate Lev Leviev owns the Palladio, an extravagant 17,000-square-foot manor outside London, which he bought for $65 million in January 2008. (That works out to $3,824 per square foot.) The home has a bulletproof front door, a gold-plated pool, an indoor cinema and a hair salon for good measure. Nifty amenities like these drive up a home's price, something steel magnate Lakshmi Mittal knows all about. In 2004 he shelled out $124 million to buy his 12-bedroom spread in London's posh Kensington neighbourhood, replete with extravagant Turkish baths and garage space for 20 cars." (Forbes, 14 March) RD