Dan Pena

Well, I live there permanently.

I travel three and a half months and I'm there the rest of the time.

Well, let's go back to the 70s.

And first, the Russian money, 70s and 80s, the Russian money propped up property prices triple,

quadruple.

Mayfair, what most people don't know is property prices in Mayfair have gone down 21 of the last 25 quarters.

Nobody puts it in the newspaper because it'll be a self-fulfilling prophecy.

After the Russians, then came the Saudis.

The Saudis, they would buy a Mercedes, and if it ran out of gas, they left it on the road, they'd go buy another Mercedes.

And so they propped up prices.

The same in Beverly Hills, California, as is my estates, the guys that are around me that have been there 700, 900 years.

Their properties, some of them cashed out and retired.

Even though the property's been in their family 500 years, when a Russian or an oligarch

comes and offers you 10, 20, 40 times what it's worth, fine.

You want the furniture, the napkins, the pictures.

Thank you.

I'll leave my wife here if you want.

Exactly, exactly.

So I've seen that.

She's in the small car.