December 2008

The World’s Most Expensive Car Spaces

Should you ever live in one of the condominiums at 246 West 17th Street, New York AND you need somewhere to park your car, you would need to have somewhere in the vicinity of $225,000.00 for the privilege.

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Even Property on Dubai’s Spectacular Palm Island is Rocky

Prices for real estate on Dubai’s Palm Jumeirah Island have fallen significantly over the few quarters, with some dropping by as much as 40 percent. For instance, a four bedroom villa on the Palm is now on the market for AED10 million Dirhams, or approximately $2.6 million USD. This is down from AED15 [...]

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Luxury is…Rough

So in 2009, instead of worrying about missing out on the next big thing in luxury, focus on defining it. Declare that the end is nigh for anything that’s getting a little too affordable, too accessible, or just too well-known. Then introduce something very different (if not the opposite), appealing to the in-crowds ready to [...]

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2009: Imagine What Could Happen

It’s worth imagining what 2009 could bring. I am a not a pessimist but it is worth glaring into the crystal ball and letting go of today and dreaming – dreaming it is December 2009.
Has the US Fed pumped trillions of dollars into the US economy and what has been the result? Have property prices [...]

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Australian Interest Rates at Lowest Level in History

The Reserve Bank has slashed interest rates to the lowest level in history to 4.25%. The Reserve Bank cut rates by a full 100 basis points (1%), making property an attractive option for those in search of investment options given the volatility of the stock market.
Australian interest rates have averaged over 8% for the last [...]

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