One of the priciest homes to hit Metro Detroit market in years [[asking $15,000,000)

**iheartthed** · June-17-13, 09:52 AM

Originally Posted by 48009

What the heck does anything in NYC have to do with a 22k sq/ft newer build being up for sale in Rochester Hills, MICHIGAN?

The type of buyer who can afford to buy a $15M apartment in NYC is the type of buyer who can afford a $15M house in Rochester Hills. Stop being dense.

48009 · June-17-13, 09:57 AM

Originally Posted by iheartthed

The type of buyer who can afford to buy a $15M apartment in NYC is the type of buyer who can afford a $15M house in Rochester Hills. Stop being dense.

NOBODY HAS EVER cross shopped a NYC apartment and a 22k sq/ft home in Rochester Hills. Jesus.

**iheartthed** · June-17-13, 10:06 AM

Originally Posted by 48009

NOBODY HAS EVER cross shopped a NYC apartment and a 22k sq/ft home in Rochester Hills. Jesus.

Whoever said they did? That doesn't mean that a person who buys a $15M property in Michigan and one who buys one in New York [[or California, or Florida, or Texas, or Illinois, or Ohio) won't use the property in similar ways. Seriously, do I really have to explain this? Doesn't it logically follow that people who shop at similar price points would have similar habits? Especially the very limited market of people shopping in super high end real estate. Hence, why I said that this being for sale says nothing about Detroit or the market. You need more information.

48009 · June-17-13, 10:51 AM

Originally Posted by iheartthed

Whoever said they did? That doesn't mean that a person who buys a $15M property in Michigan and one who buys one in New York [[or California, or Florida, or Texas, or Illinois, or Ohio) won't use the property in similar ways. Seriously, do I really have to explain this? Doesn't it logically follow that people who shop at similar price points would have similar habits? Especially the very limited market of people shopping in super high end real estate. Hence, why I said that this being for sale says nothing about Detroit or the market. You need more information.

You're trying to compare Michigan real estate with that of LA NYC and Miami? Umm, ok. The only residential real estate in Michigan that could be considered a place to "park" wealth would be the Lk Michigan shoreline--and even that's a stretch. There is no high end residential in SE Michigan you park your wealth.