The Platinum Triangle is a wealthy and exclusive area in Los Angeles, consisting of Beverly Hills, HolmHills, and Bel-Air. The residents are affluent and influential, with businesses catering to their wealthy clientele. The area is known for its expensive real estate, luxurious amenities, and stunning views. Critics denounce it as ostentatious, but it remains a desirable location for the rich and famous.
The term “Platinum Triangle” is used to describe an extremely exclusive section of Los Angeles, made up of three neighborhoods: Beverly Hills, HolmHills and Bel-Air. Even people unfamiliar with Los Angeles are often familiar with the Platinum Triangle neighborhoods, because they have become known for their exclusivity. Living in this region of Los Angeles, as you can imagine, requires considerable wealth; home sales in the platinum triangle regularly set new residential sales records for the United States.
Like other upscale neighborhoods, this area is characterized by having a generally extremely wealthy population, with the big houses, flashy cars, and expensive style to match. Businesses in the area tend to cater to a wealthy clientele, with expensive items and only the latest fashions. Outsiders often like to visit this neighborhood for a glimpse into the life of the rich and famous, shopping in the same boutiques frequented by movie stars and eating in luxurious restaurants and cafes.
The generally affluent residents of the Platinum Triangle have great social influence, both through their wealth and their position in society. Many residents are prominent in the film industry, and the area is also home to musicians, famous athletes, and other socially important individuals. Area citizens often use their collective power to push for special ordinances and other privileges in the Platinum Triangle, arguing they deserve to get the most out of their very high property taxes.
This neighborhood is not only expensive to live in because the rich live there; it is also generally seen as a very nice neighborhood, which in turn fuels the cost of real estate. Homes are often set on large lots with mature landscaping and a variety of designs and safety features, and views are stellar, with sweeping views of the city of Los Angeles and the Pacific Ocean. Many homes also feature a variety of amenities, from movie theaters to dance halls, designed to appeal to the wealthy.
Critics often denounce the Platinum Triangle as extremely ostentatious and also quite shocking when compared to the extremely poor regions of Los Angeles. Many people distinguish between the “new money” residents of places like Beverly Hills, where homes tend to be particularly flashy, and the “old money” of HolmHills, which tends to have more modest architecture and landscaping.
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