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Rent, Don't Buy

The Real Estalker notices today that James Perse's effortlessly cool Malibu, Calif., beach house, which the T-shirt king bought for about $6.7M earlier this fall, is available as a rental for $25K a month. The 7,000-square-foot home has been given a makeover with Perse's "beachy but chic and expensively minimalist signature style." [The Real Estalker; previously]