Over the past 15 years, the number of households in the top 5% of net worth has almost doubled, to close to 5%, according to the Wall Street Journal.
In terms of price for value, the supply is close to zero, millionaire fintech startup founder George Goognin said of his disappointment with high-end real estate's current offerings.
That's a funny conversation we have with a lot of our clients, who say, 'Wow, I have all this money and I can't find a house,' says Ruthie Assouline.
We steadily began to realize the magnitude of the renovation process, which led us to eventually sell and rent instead, said biotech executive Arun Das.
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