Comments on: The F-Word in Luxury Real Estate

By: McLean VA Luxury Homes

McLean VA Luxury Homes — Sun, 03 May 2009 15:26:38 +0000

With reset in Alt-A just starting… it will be interesting to see how this year finishes out. I personally believe there are many more luxury end foreclosres on the horizon.

By: Luxury Foreclosures Becoming More Common | Luxury Specialist

Luxury Foreclosures Becoming More Common | Luxury Specialist — Fri, 03 Oct 2008 19:28:54 +0000

[…] time, we whispered about the “F” word creeping into luxury real…. These days, it is common real estate […]

By: Sharon Simms

Sharon Simms — Mon, 07 Jul 2008 18:55:16 +0000

The lower end of luxury was affected first, since the move-up buyers weren’t there. It’s obviously started affecting more of the luxury.

By: Gena Riede

Gena Riede — Wed, 25 Jun 2008 02:03:27 +0000

Roberta,
What an intriguing article. You certainly caught my attention.

The 4-Letter word is not discriminating, isn’t it…seems to be affecting all segments.

By: riathareja

riathareja — Fri, 20 Jun 2008 10:49:18 +0000

Residential dwellings built around a golf course are the latest buzzword in the super-premium housing segment of the Indian realty industry, estimated at $15 billion and growing at 35 per cent annually. The golf cities make an attractive preposition for NRIs and HNIs who together constitute 50 per cent of buyers in the premium housing segment. These high end customers are ready to pay big bucks for a sprawling home amidst the greens with a promise of high class lifestyle. So from the top brass of the corporate world to those who aspire to arrive in life, everyone finds residences built around the golf course an ideal abode. Golf home projects are exclusive projects. Slight slumps in the market that generally slow down the middle housing segments usually do not affect these projects, as the buyer is exclusive and very selective about the property. And the trend is fast spreading from metros to emerging cities. Earlier golf was restricted to a select group, but it has grown popular over the years with many middle level executives and business class taking active interest in the game. No wonder big players like Unitech, DLF, Ansal API, Omaxe and Jaypee have already taken the plunge with an array of golf-centric projects.“Golf is not just a game but it’s a symbol of urban upper class lifestyle.”For more view- realtydigest.blogspot.com

By: Roberta Murphy

Roberta Murphy — Wed, 18 Jun 2008 14:46:01 +0000

Ines: Thank you! It’s _un to _ool around sometimes:-)

By: ines

ines — Tue, 17 Jun 2008 03:32:02 +0000

Roberta, I LOVED this article….priceless! and the graphic is perfect.

By: Roberta Murphy

Roberta Murphy — Sat, 14 Jun 2008 17:29:56 +0000

Susan,

Arrogant…or head stuck in the sand. Even Donald Trump’s Palm Beach mansion sale fell quite short of his asking price. This real estate market correction leaves few areas untouched–including the luxury real estate market.

By: Susan Milner

Susan Milner — Sat, 14 Jun 2008 16:49:31 +0000

I was actually told by another agent on the East Coast of Florida that ‘the luxury homeowners are not in trouble’. I thought that was very arrogant. She is working in Palm Beach county…hmmm.

We have many luxury homeowners in trouble here as well. It is not just for the investors/speculators and low income families who lost jobs. This is, in fact, affecting A LOT of people. While the majority of the homes were are losing are in the 100K range, we have some in ALL price ranges.