If you’ve ever looked over real estate listings and came across an ad for a “luxury home,” you might have thought, “Wow, this one must be special!” But what exactly defines a luxury home, anyway? Is it determined by price, location, square footage, or some magic combination of all of the above?
Well, for starters, “luxury” isn’t strictly about how much cash you blow on the purchase. It’s much more subjective, and a moving target based on what a particular area’s high-end buyers have come to expect.
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