Take a tour of some of the largest and priciest homes in the U.S., most in L.A., New York, or Florida. Is it that surprising that no one's buying?
"This is the real-estate world's expanding ubermarket, where prices start at $30 million and sellers are sometimes in it just for sport. These aren't mere mansions -- sorry, Cher, your $9.8 million joint wouldn't make the cut -- but modern-day San Simeons, largely insulated from the rest of the market. Currently about 60 of these mini-emirates are for sale in the U.S., according to databases and interviews with brokers. That's compared with a handful of $30-million-plus homes even a few years ago."
[The original article as published in the Wall Street Journal may be found here for approximately three days; the link below is a permanent version published in the Baltimore Sun.]