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Kanye West completely guts interior of his newly purchased $57.3M Malibu beach house

Kanye West has big plans for his newly purchased $57.3 million Malibu beach house, with the rapper completely gutting the interior of his beachfront residence.

New pictures of the property show the concrete residence barely resembling what it once did when West, 44, purchased it in September 2021.

The beachfront side of the home has been completely exposed, yet the front entry way remains intact with various warning signs placed upon the doors.

Heavy renovations: Kanye West has big plans for his newly purchased $57.3 million Malibu beach house, with the rapper completely gutting the interior of his beachfront residence

Heavy renovations: Kanye West has big plans for his newly purchased $57.3 million Malibu beach house, with the rapper completely gutting the interior of his beachfront residence

Before: The home contained massive windows facing the ocean and a concrete rooftop before the renovations began

Before: The home contained massive windows facing the ocean and a concrete rooftop before the renovations began

It’s unclear what exactly Kanye plans on doing with his home.

Before the renovations, the two-story residence contained massive windows facing the ocean and a concrete rooftop.

Now, the Pacific-facing windows and concrete ceilings have been removed.

A large, black sheet now hangs over the home, covering two floors of the residence.  

The home was previously owned by financier and ex of Ashley Olsen, Richard Sachs, who bought the home at a much lower price of $1.9million

The home was previously owned by financier and ex of Ashley Olsen, Richard Sachs, who bought the home at a much lower price of $1.9million 

Transformation: The beachfront side of the home has been completely exposed, yet the front entry way remains intact with various warning signs placed upon the doors

Transformation: The beachfront side of the home has been completely exposed, yet the front entry way remains intact with various warning signs placed upon the doors

Under construction: No workers were seen on the property, but red caution tape and various orange cones were seen placed about the property

Under construction: No workers were seen on the property, but red caution tape and various orange cones were seen placed about the property

No workers were seen on the property, but red caution tape and various orange cones were seen placed about the property.

In addition, several ‘Restricted Area’ signs were tacked onto the entry ways. 

Kanye’s new home was designed by Japanese Pritzker Prize-winning architect Tadao Ando and was built by Marmol Radziner.

Self-taught architect Ando, 80, is renowned in the industry as he is behind the He Art Museum in China and the Bourse de Commerce in Paris and Kanye became a fan of the Osaka, Japan native after visiting the ‘art island’ he designed in Naoshima.

Exposed: The rooftop was removed, showing off the concrete interior

Exposed: The rooftop was removed, showing off the concrete interior 

Blocked: The entry way had a line of orange cones blocking the driveway and several Restricted Area signs

Blocked: The entry way had a line of orange cones blocking the driveway and several Restricted Area signs 

Keep out! The signs indicated only 'authorized personnel' were allowed inside

Keep out! The signs indicated only ‘authorized personnel’ were allowed inside 

No doubt the part house, part sculpture home was a must-have for Kanye as it is one of only a handful of homes designed by Ando in the United States.

The home was previously owned by financier and ex of Ashley Olsen, Richard Sachs, who bought the home at a much lower price of $1.9million.

The 3,665-square-feet, four bedroom home sits on a 5,672-square-feet property right by a public beach. 

New home owner: West purchased the home last year for $57.3 million

New home owner: West purchased the home last year for $57.3 million

Mystery plans: It's unclear what West plans on doing with his new space

Mystery plans: It’s unclear what West plans on doing with his new space

The home is divided into three stories: a bottom floor with three guest bedrooms, a middle floor which is a shared space, and a top floor which contains the primary suite.

The property does not include a yard or outdoor space but there is a lounge area surrounding a firepit on the second floor in addition to a rooftop terrace with direct access to the beach from a staircase.

The residence was the first home property purchase for Kanye amid his impending divorce from Kim Kardashian.  

Kim recently begged a judge to declare her single and revealed she had been suffering from ’emotional distress’ as a result of Kanye’s social media antics.

In new documents obtained by TMZ, Kim stated, ‘I very much desire to be divorced.’

She told a judge she had requested Kanye keep their separation private ‘but he has not done so’.

Big fan: Kanye's new home was designed by Japanese Pritzker Prize-winning architect Tadao Ando and was built by Marmol Radziner

Big fan: Kanye’s new home was designed by Japanese Pritzker Prize-winning architect Tadao Ando and was built by Marmol Radziner

Security: The signs were placed on many of the entry ways leading to the property

Security: The signs were placed on many of the entry ways leading to the property 

Kanye has been putting a lot of misinformation regarding our private matters and co-parenting on social media which has created emotional distress,’ she says in the new documents.

Indeed, the drama between Kim and Kanye has been playing out publicly on social media in recent days, where the rapper has been posting screenshots of text messages sent to him from his ex and gone to war with her new boyfriend Pete Davidson.

He previously said Kim was putting their daughter North West on TikTok ‘against his will’, accused her of ‘kidnapping’ their eight-year-old, and claimed she had accused him of ‘putting a hit out on her’.

Kanye has also asked to keep Kim from transferring assets out of any trust – a request Kim has fired back at due to their existing prenup, which already keeps their trusts and assets separate.

In order to continue running her businesses, Kim needs to access her trust.

Kanye’s lawyers have also recognized the validity of the prenup in the documents.

Kim also said Kanye’s attorneys have admitted to struggling to get through to him.

Split: The residence was the first home property purchase for Kanye amid his impending divorce from Kim Kardashian

Split: The residence was the first home property purchase for Kanye amid his impending divorce from Kim Kardashian

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Britain’s most expensive and cheapest places to buy or rent a home revealed

The most expensive and cheapest places to buy or to rent in Britain have been revealed.

Aberdeen tops the list of the cheapest cities for first-time buyers, while the most expensive is perhaps no surprise, London, where average prices tend to be higher than the rest of the country.

It is a similar picture for the most expensive places to rent, with the capital ranked top of that list too.

On the flipside, tenants are also required to head north if they want to live in the cheapest city to rent, Carlisle, in Cumbria.

The cheapest cities for first-time buyers and tenants have been identified by Rightmove

The cheapest cities for first-time buyers and tenants have been identified by Rightmove

The figures were based on monthly mortgage and rent costs.

Home purchase figures calculated by Rightmove assumed that first-time buyers in Scotland and Wales have a 20 per cent deposit, and first-time buyers in England have a 25 per cent deposit.

The size of deposit was based on averages from UK Finance, which revealed that more first-time buyers are choosing longer repayment terms to improve their affordability.

As such, the repayment term used in the Rightmove calculations was 35 years. Rightmove also assumed that the typical first-time buyer property had two bedrooms or less.

Aberdeen tops the list compiled by Rightmove of the cheapest cities for first-time buyers

Aberdeen tops the list compiled by Rightmove of the cheapest cities for first-time buyers

THE CHEAPEST CITIES TO BUY A TYPICAL FIRST-TIME BUYER PROPERTY
Cities Average asking price for a first-time buyer type property (2 bedrooms and fewer) Average monthly mortgage payment (per month)* Average monthly rental payment (per month) Mortgage versus Rent
Aberdeen £102,601 £406 £775 -£369
Bradford £107,929 £400 £714 -£314
Sunderland £111,263 £413 £648 -£235
Carlisle £111,268 £413 £607 -£194
Preston £112,273 £416 £787 -£371
Hull £113,920 £423 £638 -£215
Dundee £116,191 £460 £821 -£361
Stoke-On-Trent £117,113 £434 £701 -£266
Durham £125,957 £467 £796 -£328
Doncaster £128,062 £475 £707 -£232
Source: Rightmove       
THE MOST EXPENSIVE CITIES TO BUY A TYPICAL FIRST-TIME BUYER PROPERTY
Cities Average asking price for a first-time buyer type property (2 bedrooms and fewer) Average monthly mortgage payment (per month) Average monthly rental payment (per month) Mortgage versus Rent
London £501,934 £1,862 £2,264 -£402
St. Albans £391,964 £1,454 £1,509 -£55
Cambridge £361,429 £1,341 £1,533 -£193
Winchester £344,638 £1,278 £1,332 -£53
Oxford £338,085 £1,254 £1,561 -£307
Brighton £335,402 £1,244 £1,468 -£224
Bristol £280,112 £1,039 £1,336 -£297
Chelmsford £262,522 £974 £1,300 -£326
York £244,834 £908 £1,145 -£237
Edinburgh £239,028 £946 £1,310 -£365
Source: Rightmove       

The average asking price in Aberdeen is £102,601, with the average monthly mortgage payment at £406 a month.

The most expensive city is followed by Bradford with an average asking price of £107,929 and Sunderland, which is ranked third with an asking price of £111,263.

For those in the rental market, the most expensive place to rent outside of London is Oxford, where an average two-bedroom or small home costs £1,561 a month.

At the other end of the scale, the cheapest city for a tenant who is looking for a two-bedroom or smaller property is Carlisle where such rents are £607 a month.

Mortgage rates are slightly higher than a year ago, but have stabilised since the peak in July 2023.

Rightmove explained that this has helped those looking to move at the start of this year.

The average mortgage payment for a typical first-time buyer looking at a property with two bedrooms or less is £53 more than a year ago, compared to £81 for tenants.

It means that those who can afford to save a good sized deposit of at least 20 per cent, it is cheaper to pay a monthly mortgage than rent in each of the largest cities in Britain.

Winchester is among the most expensive cities for first-time buyers looking for a property with two bedrooms or fewer

Winchester is among the most expensive cities for first-time buyers looking for a property with two bedrooms or fewer

Mark Harris, of mortgage broker SPF Private Clients, said: ‘We remain a nation of aspirational homeowners, despite higher mortgage rates and the difficulty in raising a deposit. 

‘Renting may give more flexibility but also less security and crucially ends up costing more than buying your own place.

‘However, the high cost of home ownership, particularly in London and the south east means that it’s practically impossible to get on the housing ladder without financial assistance from family members. 

‘Longer mortgage terms are inevitable as borrowers try to make the monthly costs more affordable but of course they will end up making many more payments over an extended period of time. 

‘It is worth opting for a longer term to help with the affordability calculations and then trying to overpay to reduce the term and interest, as and when you can afford to do so.’

Carlisle in the country of Cumbria is the cheapest city for those looking to rent

Carlisle in the country of Cumbria is the cheapest city for those looking to rent

THE CHEAPEST CITIES FOR TENANTS
Cities Average monthly rental payment (per month) Average asking price for a first-time buyer type property (2 bedrooms and fewer) Average monthly mortgage payment (per month)* Rent versus mortgage
Carlisle £607 £111,268 £413 £194
Hull £638 £113,920 £423 £215
Sunderland £648 £111,263 £413 £235
Stoke-On-Trent £701 £117,113 £434 £266
Doncaster £707 £128,062 £475 £232
Bradford £714 £107,929 £400 £314
Wrexham £754 £129,649 £513 £241
Lancaster £764 £152,062 £564 £200
Aberdeen £775 £102,601 £406 £369
Preston £787 £112,273 £416 £371
Source: Rightmove       
THE MOST EXPENSIVE CITIES FOR TENANTS
Cities Average monthly rental payment (per month) Average asking price for a first-time buyer type property (2 bedrooms and fewer) Average monthly mortgage payment (per month)* Rent versus mortgage
London £2,264 £501,934 £1,862 £402
Oxford £1,561 £338,085 £1,254 £307
Cambridge £1,533 £361,429 £1,341 £193
St. Albans £1,509 £391,964 £1,454 £55
Brighton £1,468 £335,402 £1,244 £224
Bristol £1,336 £280,112 £1,039 £297
Winchester £1,332 £344,638 £1,278 £53
Edinburgh £1,310 £239,028 £946 £365
Chelmsford £1,300 £262,522 £974 £326
Milton Keynes £1,239 £233,320 £865 £373
Source: Rightmove       

Meanwhile, soaring rents across Britain mean that the cost of renting a two-bedroom or small home has increased by 39 per cent in the last five years.

This compares to a jump of 19 per cent in the cost of buying a similar type of property.

Rightmove claimed that even if a first-time buyer had a smaller deposit of 15 per cent and sought to repay their mortgage over a shorter mortgage term of 25 years, it would still be cheaper to pay a mortgage than rent in 39 out of Britain’s 50 largest cities outside of London.

Rightmove’s Tim Bannister said: ‘These latest figures highlight why so many people remain determined to get onto the ladder, as the soaring costs of renting has meant buying has remained attractive even with higher mortgage rates.

‘Longer mortgage-terms are becoming more common as a way to improve overall affordability and reduce monthly payments, though first-time buyers should be aware of what they are paying in interest compared with their actual mortgage.

‘Without improvements to the supply of good quality, affordable rental homes in Great Britain, owning your own home is likely to continue to be the end-goal for those that can get their deposit together, and borrow what they need to from a mortgage lender.’

Best mortgage rates and how to find them

Mortgage rates have risen substantially after the Bank of England’s raised base rate rapidly.

The Bank is now holding rates and expected to cut – leading to mortgage costs coming down – but deals remain far more expensive than two or five years ago. 

If you are looking to buy your first home, move or remortgage, or are a buy-to-let landlord, it’s important to get good independent mortgage advice from a broker who can help you find the best deal. 

To help our readers find the best mortgage, This is Money has partnered with independent fee-free broker L&C.

Our mortgage calculator powered by L&C can let you filter deals to see which ones suit your home’s value and level of deposit.

You can also compare different mortgage fixed rate lengths, from two-year fixes, to five-year fixes and ten-year fixes, with monthly and total costs shown.

Use the tool at the link below to compare the best deals, factoring in both fees and rates. You can also start an application online in your own time and save it as you go along.

> Compare the best mortgage deals available now

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Aviation and Telecom Industries Reach Compromise on 5G Deployment

The Voice Of EU | In a significant development, AT&T and Verizon, the two largest mobile network operators in the United States, have agreed to delay the deployment of 5G services following requests from the aviation industry and the Biden administration. This decision marks a crucial compromise in the long-standing dispute between the two industries, which had raised concerns over the potential interference of 5G with flight signals.
The aviation industry, led by United Airlines CEO Scott Kirby, had been vocal about the risks of 5G deployment, citing concerns over the safety of flight operations. Kirby had urged AT&T and Verizon to delay their plans, warning that proceeding with the deployment would be a “catastrophic failure of government.” The US Senate Commerce Committee hearing on the issue further highlighted the need for a solution.
In response, US Transportation Secretary Pete Buttigieg and Federal Aviation Administration (FAA) head Steve Dickson sent a letter to the mobile networks, requesting a two-week delay to reassess the potential risks. Initially, AT&T and Verizon were hesitant, citing the aviation industry’s two-year preparation window. However, they eventually agreed to the short delay, pushing the deployment to January 19.
The crux of the issue lies in the potential interference between 5G signals and flight equipment, particularly radar altimeters. The C-Band spectrum used by 5G networks is close to the frequencies employed by these critical safety devices. The FAA requires accurate and reliable radar altimeters to ensure safe flight operations.

Airlines in the US have been at loggerheads with mobile networks over the deployment of 5G and its potential impact on flight safety.

Despite the concerns, both the FAA and the telecoms industry agree that 5G mobile networks and airline travel can coexist safely. In fact, they already do in nearly 40 countries where US airlines operate regularly. The key lies in reducing power levels around airports and fostering cross-industry collaboration prior to deployment.
The FAA has been working to find a solution in the United States, and the additional two-week delay will allow for further assessment and preparation. AT&T and Verizon have also agreed to not operate 5G base stations along runways for six months, similar to restrictions imposed in France.
President Joe Biden hailed the decision to delay as “a significant step in the right direction.” The European Union Aviation Safety Agency and South Korea have also reported no unsafe interference with radio waves since the deployment of 5G in their regions.
As the aviation and telecom industries continue to work together, it is clear that safe coexistence is possible. The delay in 5G deployment is a crucial step towards finding a solution that prioritizes both safety and innovation. With ongoing collaboration and technical assessments, the United States can join the growing list of countries where 5G and airlines coexist without issue.

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How Much Have House Prices Changed In Your Area?

UK Home Prices

UK homeowners saw the value of their homes rise for the third month in a row, according to analysis by online estate agent Purplebricks.

The North East and North West of England were the biggest winners in average value rises in the UK, the latest figures show.

And now a new online calculator can show how much house prices have changed in your area in the last year.

The interactive tool below has been updated to include the latest House Price Index data, released by the Office for National Statistics today.

To use the Purplebricks calculator, simply search for YOUR local area and find out how house prices have changed over the last 12 months:

UK homeowners saw the value of their homes rise for the third month in a row, according to analysis by online estate agent Purplebricks

UK homeowners saw the value of their homes rise for the third month in a row, according to analysis by online estate agent Purplebricks

This three-bedroom semi flat in Stroud, where prices rose 9.8%, is on the market for £360,000

This three-bedroom semi flat in Stroud, where prices rose 9.8%, is on the market for £360,000

Average UK house prices increased by 0.4% or £1,000 from January to February, making the average property now valued at £281,000, according to today’s House Price Index (HPI).

Over the 12-month period to February, average prices fell just 0.2%, which is an improvement from the 1.3% decline in the 12 months to January this year.

In England, house prices were also on the increase, with a 0.6% monthly rise, making average property now valued at £298,000 – despite a 1.1% fall over the last year.

The North East of England saw the biggest monthly increase, with property prices soaring 3.2%, and 2.9% over the year. Average homes there are now worth £160,000.

And, homeowners in the North West saw the greatest annual price rise, up by 1%, meaning the average property there is now worth £214,000.

London is once again the hardest-hit UK region, with 4.8% annual decline, but a fall of just 0.7% from January to February – pricing the average home in the capital at £503,000 today.

Homeowners in The City of London were the surprise property-price winners, after a six-figure decline last month.

Homes in the capital’s famous banking district rose more than £73,000 or 9.1% – more than anywhere else in the UK – meaning the average property is now worth around £808,000.

But that was far from the picture across the rest of London, which saw six-figure price plunges in four areas and declines in a total of 29 areas.

The City of Westminster was hardest hit by the price drop, with properties shedding an eye-watering £190,000 over the last year.

This three-bed semi in South Hams, where prices rose 7.9%, is on the market for £490,000

This three-bed semi in South Hams, where prices rose 7.9%, is on the market for £490,000

Average UK house prices increased by 0.4% or £1,000 from January to February, making the average property now valued at £281,000

Average UK house prices increased by 0.4% or £1,000 from January to February, making the average property now valued at £281,000

Elsewhere in the capital, the exclusive borough of Kensington and Chelsea saw prices sink by more than £160,000 in a year, with Camden homes losing nearly £130,000 and Hammersmith and Fulham homes losing just over £100,000.

Outside London, the commuter town of St Albans saw nearly a £25,000 year-on-year price rise, making the average home now worth £589,270.

And, the picturesque North East district of Ribble Valley saw house prices increase by just over £20,000 in the last year, making the average property now worth £284,355.

House prices in Wales increased by 0.4% over the last month, despite an annual 1.2% fall – making the average property worth £211,000.

And, property prices continue to climb in Scotland, with the average home now priced at £188,000 after a 5.6% increase over the last year.

And, prices in Northern Ireland increased by 1.4% to £178,000 in the year to Quarter 4 of 2023.

Purplebricks CEO Sam Mitchell said: ‘Britain has now seen its third consecutive month-on-month increase in property prices – fantastic news for homeowners.

‘This three-month increase is evidence of a reinvigorated property market that will continue to go from strength to strength.’

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