For most of us, downsizing means foregoing an addition on a home, or selling a vacation home, especially in this uncertain real estate market. If your last name is Spelling, though, downsizing has a slightly different meaning.
As reported in the LA Times, Candy Spelling, widow of Aaron Spelling, has traded in her Holmby Hills home — the largest house in the entire county of Los Angeles with 123(!) rooms and measuring in at 56,500 square feet— for her new $47 million condo, which spans the top two floors of LA's Century City high rise, which is still under construction. You see? No one's immune to downsizing; it just operates on a different scale.
The condo is significantly smaller at around 16,500 square feet. Of course, that's still a massive amount of residential space. Personally I wouldn't want to deal with a house that size, nor the environmental impact that such a big home would incur (not to mention the housecleaning bill). However, Ms. Spelling can obviously do exactly as she pleases, and if this downsizing is her idea of home sweet home — even at the cost of $2,848 per square foot — then more power to her.