The overall housing market might be in bad shape, but at the very top luxury homes are still setting record prices

http://businessweek.com/lifestyle/content/mar2008/bw2008036_186035.htm?chan=top+news_top+news+index_businessweek+exclusives

.......because starvation is God's way of punishing those who have no faith in Capitalism.

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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...

1995 E 420, 170k "The Red Plum" (sold)

2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp

1967 Mercury Cougar, 49k

2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold)

The overall housing market has stopped at a peak that is unprecedented - it's not in bad shape, it's just no longer climbing.

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- Brian


1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600

The luxury and ultra-luxury end of all consumer goods has always "bucked the trend" and real estate is probably one of the most resistant. The inhabitants of Richistan don't need mortgages.

That level is not really affected by the economy. Its like Hinkley not giving a damn about the price of fuel; because the average buyer of a Hinkley doesn't give a damn if diesel is $2 or $6 at the dock.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

LMAO!

When I move back in with my parents, I'm going to start building $500K+ spec. homes............two at a time.

$600k+ in this area. The $400-$500k range is no mans land, and DOA. the $400k and down is so so. $600k spec homes are selling rather well.

The last one my uncle sold the people paid 50% in cash.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200