NYC has a penthouse problem, LA has a mansion problem, and Miami has a condo problem
Business Insider -

Miami has a surplus of condos and lack of foreign buyers thanks to economic forces, climate change, and buyer preferences, reported Candace Taylor for The Wall Street Journal.

Luxury real-estate is also lingering on the market in New York City, which has too many penthouses, and Los Angeles, which has a glut of mega-mansions.

Across these cities, real-estate agents are going to great lengths to get properties off the market, from offering massive price cuts to making Hollywood-style movie...

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