Housing and Mortgage Woes????
Even some of the most exclusive properties in Florida have gone up for sale as with the purchase of the vacation house owned by movie producer Sidney Kimmel by a former president of Goldman Sachs, Mr. John Thornton. The price, not much, $81.5 Million dollars, who says we’re in recession? This home sale was followed by the sale of the property owned by Venezuelan Banker Victor Vargas for a whopping $70 Million Dollars in what has become the most expensive real estate deal of all time. Many more exclusive homes in the area went up for sale which may be due to the fact that Florida is under strain from the housing crunch, but who’s counting. These exclusive properties were listed for less than a month and were sold as fast as if there were no financial crisis plaguing the economy. Other such exclusive properties, such as those in New York didn’t fare well with cuts to their sales price by as much as 5%. This may be signs that even the rich and wealthy are feeling the pressure of the money woes currently plaguing all fronts of the country. Well.. Just a Little teeny tiny bit.
Tags: Exclusive Homes Sold, Florida