Friday, October 31, 2008

Rich Untouched by Real Estate Collapse

Also see: Boston's New Ivory Tower

"A place where price is practically no object; Mandarin's condos push up Hub average" by Kimberly Blanton, Globe Staff | October 31, 2008

Buyers are spending nearly $3,000 a square foot on condominiums at the Mandarin Oriental Boston - double the amount at any other upscale building - as the real estate slowdown barely brushes the city's luxury market.

The prices were for just the units themselves: Buyers paid much more to finish the units with kitchens, bathrooms, and things like marble floor tile. --more--"

Do you have marble floors in your house, reader?

The piggishness of the ruling class is enough to make one puke!