WHAT DO THE RICH REALLY WANT?
September 25, 2007By Linda Hutchinson
I find this question to be intriguing and I would have to say that the high-end homebuyer wants value for the dollar, they want luxury items that are sensible, they want multiple homes, and most importantly, the high-end luxury home buyer wants to know costs. As a recent article in “Lore” magazine states, people used to say “If you have to ask what it cost, you can’t afford it…” The author goes on to say “That’s not true anymore,” The current buyers know the value of a dollar and want to keep tabs on costs.” I don’t know about you but I just think that is the sign of a smart investor and a smart homeowner.
[...] Linda Hutchinson of Stirling Sotheby’s answers the question: What do the Rich Really Want? [...]
Linda, you are so right! It doesn’t matter how much one makes; a good investor still needs to be savvy about value. Thank you for the great information.