Banks bedrooms to get starring role in credit crunch crisis
China Daily | Updated: 2008-10-21 08:05
A municipal bond analyst's best friend in the months ahead is going to be the newspapers' and magazines' "Luxury Homes and Estates" advertising sections.
You know them - they contain page upon page of top-tier, multimillion-dollar houses and apartments.
Sometimes they are nice New England-like, Federal-style houses, sometimes handsome Gilded Age piles, more often than not 10,000 or 15,000 square-foot-plus extravaganzas that make you scratch your head and wonder, "Who lives like that?"
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