High priced real estate is still selling.
New York is still thriving as a market with the recent record of $50 million being paid for an [tag-tec]apartment[/tag-tec]. Funny that should happen during the so-called “down times”.
But it goes to show markets are very individual and unique. Buyers are very individual and unique. I think some of these folks are trying to out do others which is nothing new. I guess being known as the person who owns the most expensive [tag-self]apartment[/tag-self] in NYC is the goal of some.
But it sets the bar for higher prices on cheaper [tag-ice]apartments[/tag-ice]. I think it’s mostly an all boats will rise with the tide kind of scenario. Only time will tell that to be true.
Meanwhile, are you in the market for a castle?
Castles are rare in America but one is for sale in Great Barrington, Massachusetts and I think it’s a steal at $15 million.
How’s this for a sales pitch? “People who have everything else want to own a castle at least once in their lives,” said Denis Burrus, a sales agent for de Rham Sotheby’s International Realty who sells castles in Switzerland. “It shows that they’ve achieved something in their lives.”
Okay… Now’s our chance to go out and buy one.