Real Estate

Cash-rich investors pour money into luxury homes

The life of luxury does not come cheap, but it does come fully furnished. Cash-rich investors are pouring their money into high-end real estate. Per Bloomberg:  

“Luxury real estate is the new global currency,” Jonathan Miller, president of New York-based appraiser Miller Samuel Inc. “They’re building the world’s most expensive safety deposit boxes.”

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3d rendering of a row of luxury townhouses along a street

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