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America’s doomed mansions

Posted on 26 October 2011

One billionaire’s castle is another billionaire’s teardown. Never mind the existing mansion—it’s the location these moguls want, not someone else’s hand-me-down house. Instead of renovating, the very rich call in the wrecking ball and build their personal playgrounds from scratch.

We tracked 10 mansions that have been bulldozed or are soon to be. Some languished for years on the market, nary a buyer in sight………………………………………..Full Article: Source


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


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