> John Aaroe said, “I have been in this market for over 30 years and have never seen the level of growth that the luxury market has experienced in the past year, with no end in sight.”
Hyperbole, or truth? and why?
Hyperbole, or truth? and why?
http://equitablegrowth.org/research/exploding-wealth-inequal...
Start from:
If all were almost equal the top 0.1% would be doing more or less as well as everyone else.
Then take the limit for almost -> exactly
In the last year or so I've seen a lot of houses in Hollywood Hills / Beverly Hills purchased, demolished, and rebuilt from the ground up. Needless to say, that's quite an expensive endeavor. Compared to a few years ago when houses in the same area sat on the market forever, it seems like things have taken a turn for the better.