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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Published by Michael July 5th, 2007 in Dream Homes
5 Comments
Tags: luxury, Million Dollars, Million Dollars Homes
July 6th, 2007 at 4:19 am
are we so naive to think that the rich (who are getting richer and the poor poorer) and their fortunes are purely a product of their hard work? regardless of their means (which are at least dependent on circumstances that are undoubtedly not available to most people) – is it not disgusting to think that many people in the world have no home, no access to clean water and hardly enough food and these rich people have their “trophy properties”? i for one think it a repugnant example of the iniquity and egregious inequity in our world. i do appreciate some of the clever designs that i see on this blog (i imagine how i can make them myself), but lauding the rich is nothing short of repulsive.
July 7th, 2007 at 8:29 am
Dustin: that is the purpose of a capitalist society. As Ann Coulter says, it is a constant surprise to liberals that the rich people have money. That’s why they are rich, and that’s why they can spend their money. The answer to the “poor people” has nothing to do with punishing rich people for being that way, regardless of how they got their money. If I were rich, do I think this would be a good investment? Perhaps. Just because people live this way does not mean they do not do stuff to help poor people.
July 9th, 2007 at 11:48 pm
amazing how political architecture can be. i’m glad some one can afford to build nice looking homes so MAN has something nice to look back on instead of the crappy modern squared buildings that have no beauty at all.
August 20th, 2007 at 4:53 pm
Beautiful, and to bless them is all I can say, because I enjoy being wealthy, it helps my family, and the tons of people that receive my help w/o me having to show them my face, it is the things you do without the glory that shine.
April 1st, 2008 at 12:16 am
i gotsta get me one of dese