Featured image credit: Arzuman Brothers “Living in your parents’ basement” may not be the roast it once was. At least not if your parents own a multi-million-dollar iceberg home. What is an iceberg house? It’s one of the names assigned to a somewhat recent trend among the wealthy: stately homes built upon colossal luxury basements. And when we say “luxury basement” we basically mean an entire subterranean wing of the home. In a city not exactly known for its cellars, these uber basements are hot ticket items according to LA’s luxury home contractors. And they’re offering an extravagant way to significantly boost a luxury home’s value. From Iceberg Homes to the Lower Level Photo credit: Arzuman Brothers Los Angeles isn’t the first major city to prioritize the luxury basement. In fact, Southern California is a little late to the game. The trend already took off overseas and in cities like San Francisco where building up and out just couldn’t co...