Baltimore’s million-dollar homes are selling, too
Maybe the toughest job in today’s real estate market is selling monster luxury homes, many of which were built only because of the financing bubble and people scoring mortgages they didn’t deserve to buy houses they couldn’t afford. Many million-dollar homes are in bankers’ inventories, having been foreclosed upon. They’re big white elephants — expensive to keep up and in saleable condition, but difficult to sell.
Full story is available on The Baltimore Sun
