The Luxury of Frugality

by Roberta Murphy Luxury real estate gossip the last few months has fluttered around topics like the sale of Donald Trump’s Palm Beach mansion at $100 million (when it had been listed for $125 million), the pending foreclosure of Ed McMahon’s Beverly Hills home, and the F-word in luxury real estate (foreclosures). These days, recession is the hot topic as brokerage accounts have been bloodied, home equities have declined, and…

July 3, 2008
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