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US: Rich and famous are mere mortals in soft real estate market

Posted on 30 September 2011

In a market where the housing bust has rippled through all price points, few entertainers, athletes, business tycoons or other well-heeled sellers are willing to share details about their pains or gains.
But nowhere are the price cuts sharper — or more visible — than in the super and ultra-luxury markets, where prices, depending on location, range from the $15 million to $50 million-plus……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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