Luxury homes in the news 08/20
August 21, 2009 by admin
Filed under Luxury Houses For Sale
President Obama to vacation in Martha’s Vineyard, more Luxury home foreclosures; Michael Jackson’s doctor faces foreclosure; and a man in scuba gear burns his luxury McMansion after it fails to sell.
As usual, in the current economic crisis, the news on the luxury home front tends to be either very positive, or extremely bad. President Obama and family, presumable sans entourage but with secret service, is planning on spending a few days in a luxury home on Martha’s Vineyard, the Blue Heron farm. Amenities include a Cape Cod guest house, a swimming pool and a half-court basketball court with horse riding, kayaking and boating. Best guess as to the cost is between $35,000 – $50,000 a week, Still, it is hard work handing out billions of dollars to the banks every week, so I am sure he needs a break. ABC news
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