"Malaise in mansion sales"

[ApS]

Originally Posted by secondcurve

"...Where do you think rich folks got the cash in the past to purchase multi-million dollar lake property? How about stock options, corporate buyouts and bonuses...?"

How about corporate bailouts?

If they ever finish this $4 million speculation-built McMansion (below), the neighbors will be looking at a major raise in property taxes.

Of the dozens of residences out there, they'll be only the second owners to actually live year-round in the area. (Direct north-wind exposure, remote, infrequently plowed access, difficult access-even in summer).

There's a reason everyone else just "summers" in that locale.