You think that is not
possible? Such people have tons of money and can sit out the market downturn
and financial crisis? That would be nice but these individuals have also their
financial troubles. The only difference is that their foreclosure drama often
starts later then that one of you and me.
The housing crisis and
the stock market crash in 2008 affected the wealthier people with home values
of $750,000 and more in the same way but they could survive the meltdown and avoid
foreclosure longer than the ordinary middle class. The ordinary housing market
had its highest foreclosure level in October 2011 while the high priced luxury
market had its highest numbers in May 2012 and it is not yet over.
The states with the
largest number of high end luxury mansions in the foreclosure process are New
Jersey, New York and Florida. These states belong also to the states where many
rich people own their primary or secondary residence.
We are here for you to
present you the most elegant, luxury mansions, andrea@florida-informations.com
The rich and super rich like to invest in real estate.
They have normally more than four properties and at least two of them are
vacation retreats. A very interesting point is that the primary residence of
these superrich are not the biggest and most expensive that they own. Their
vacation hideaways are often more luxurious and bigger and also more expensive.
These vacation homes are sitting on huge lots and often
have twice the size of the primary residence. The most important
decision-making point for these mansions is their hobby or a specific passion.
The superrich who reside outside the United States prefer to buy
properties in the United States, the United Kingdom, Switzerland and France.
Only one third of the United States superrich people purchase property abroad. In case
they do so they choose countries like the United Kingdom, Switzerland,
Australia and France.
Florida with its exquisite and luxurious mansions is also
a preferred location for this property owner segment.
For further information please contact us at andrea@florida-informations.com
