WSJ Video: Rise of the Young Luxury Home Buyer
For some time now, we've seen affluent foreign buyers snapping up luxury homes for their children being educated in the U.S. This report suggests that in many cases affluent American families are "chipping in" on luxury home purchases for their children. Not surprising given current economic and equity market conditions, the amount of money on the sidelines, and the current real esate market.
Are you seeing this trend in your market? What do you see as the drivers?