Let's talk about luxury
Diary of a Real Estate Rookie: Q&A
By Alison Rogers, Tuesday, December 2, 2008.
Flickr photo by jonrawlinson.ROOKIE: I've been taking a look at high-end real estate markets around the country, and my impression is that in many of them volume has stalled but prices haven't dropped much, if any. How are affluent consumers changing their spending habits due to the downturn?
JEFF WINSPER: We have a client who sells $2-million-plus boats. (That client is) doing fine. We did some consulting with a client who sells private planes. (That client has) still got a two-year backlog.
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