Business Week recently wrote an article where they discussed why huge million dollars homes are more and more popular. The statistics shows that home sales at the $5 million-plus price range rose 11% in 2006, compared to a 8.4% decline in overall housing market sales. Between 1999 and 2005, the Institute for Luxury Home Marketing says, sales of homes for more than $1 million skyrocketed over 500%. Today, there are seven homes on the market priced at $100 million or more. In 2005, there was just one. Now, why more and more people build this kind of homes ? In these days more and more people get richer and richer. They have worked hard for their money and this is a way to show their “trophy properties”, aquired with a lot of hard work, the prize.
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