Josh Flagg Explains If Diddy’s Home Raids Will Affect Neighbors’ Real Estate Prices

The raids on Diddy‘s L.A. and Miami houses might’ve made nationwide information … however actual property tycoon Josh Flagg is not satisfied the authorized drama will impression the worth of the properties.

We caught up with the “Million Dollar Listing Los Angeles” star … who says Diddy’s residences are nonetheless price a fairly penny — regardless of being tied to a intercourse trafficking investigation performed by Homeland Safety.

Josh, an L.A. native, speaks concerning the Unhealthy Boy Information founder’s Holmby Hills property, which Diddy scooped up for $40M in 2014. The dealer boasts it is centrally positioned within the A-list neighborhood and is in good situation … except for the feds trashing it during the raid.

He tells TMZ … “If it does go for sale, and it is priced accurately, it’ll sell.”

Although, he admits the L.A.-area mansion seemingly will not go up in worth as a result of “negative stigma” surrounding the property. Nonetheless, as Josh tells us, even probably the most tainted properties can discover a purchaser … simply check out the Menendez home.

ICYMI … the Beverly Hills mansion the place Erik and Lyle Menendez murdered their mother and father simply sold for $17 million in March.

As for the way all of the authorized drama will have an effect on Diddy’s neighbors? Josh is equally assured the eye on Holmby Hills will not harm actual property costs in the long term.

That is excellent news for Kylie Jenner, who listed her Holmby Hills property on the market earlier than the Diddy raids went down.