Posts Tagged ‘high-end real estate’Keeping It Real Estate: Collapse in Luxury Market More Revealing Than It AppearsThis post first appeared on Minyanville. It only took 18 months, but the fact that the US luxury real estate market is falling apart at the seams is finally starting to sink in. Yesterday’s Wall Street Journal chronicled the plight of high-end housing markets, as formerly wealthy homeowners are falling behind on their mortgages at [...] Who Says High-End Real Estate is Dead?With all the news of the collapse of high end real estate, it’s comforting to see some intrepid investors bucking the trend. Sure, they may lose their shirts, but more power to them for giving it a shot. Farallon Capital Management, a well known San Francisco-based hedge fund, is bankrolling a stalled project to develop [...] |