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Some people
have money.
Luxury real estate
(or luxury property in British English) is the real
estate market niche targeted at the highest socio-economic
group of consumers.
Luxury real estate is often defined as real property
that has an appraised value of over $1 million in the
United States, yet this varies greatly depending on
the location. The classification also takes into account
the presence of surrounding homes, amenities, views,
waterfronts, absence of crime-rate, industrialization
or unwanted commercialization, customizations of the
home, and historical or architectural significance...
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