November 08, 2005

High-end homes getting harder to unload


Most open houses feature a hovering real estate agent, a stack of listing sheets, and — if you’re lucky — a pot of coffee and some cheese and crackers.

But at The Pinehills, where the koi pond and home movie theater can come standard with a $1 million-plus home, think celebrity chefs and haute cuisine.

To attract buyers, developers of this massive planned community in Plymouth — the town where the pilgrims landed, about 40 miles south of Boston — called in A-list chefs to cook in their new model homes at an open house

4 comments:

Anonymous said...

I was always wondering who can afford these multi-million dollar homes. It must cost fortune to heat these mega houses.

blogger said...

Not only a fortune to heat, but the same type of low-self-ego people who buy them also need to fuel their shallow ego with big cars, expensive furnishings, etc (paid for with debt of course, or extracted home equity that is now debt)

It'll be painful to watch the HUD signs go up in front of formerly-million-dollar mansions. Amazing.

Sad to say you'll also see a big increase in the divorce rate the next three years

41cadillac said...

I can see the Hollywood sign from my apartment. The street next has a 3 bedroom, 2 bath house for $1,285,00. Ug.Ug.

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