Danielle Park - Luxury Housing a Bust #4307

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By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
In places like Greenwich, CT, New York City, Vancouver and around the world, it looks like there's a high-end housing bust taking place. It's partly a demographic issue, where older people are downsizing want to cash in on their expensive housing. The hoped for resale market is younger generations and they're just not stepping up to the plate. This underscores the danger or easy credit. It's great when you're acquiring luxury properties, but not so much when you go to sell. Expect such declines to increase in the future.

1698 episodes available. A new episode about every 15 hours averaging 34 mins duration .