On the high end, houses can easily go for $5 million, $6 million or more.
Just as in the city, the Hudson Valley has seen a significant drop-off in sales at the high end, houses priced upward of $700,000.
That and the rush to delist areas of greenbelt seem to me to be aimed purely at boosting sales of high end houses on leafy sites and bugger the proles at the bottom.
The east side of the city dates back to 1850 and has always contained higher end housing.
His agency has a division that handles several hundred rentals a year, from studio apartments to high-end house rentals.
She described the typical high-end house as near the city of Ibiza, with water views and a pool, and at least six bedrooms.
A bank wanted him to snap photos of a second site, a high-end house whose defaulting owners were seeking a modification.
The formal living room -- with marble floors, velvet sofas and cathedral ceilings -- could be found in many a high-end house.
"These are buyers who want wine cellars and home movie theaters and private pools, and a high-end house in Bedford is perfect for them," Mr. Smolev said.
Although there are a few pockets of Antigua with homes priced upwards of $20 million, he said, prices more typically range from $300,000, for a one-bedroom apartment, to $9 million for a high-end house.
The principle of using taxes on wealth in this case on high-end house sales—and reduced tax reliefs to pay for lower tax rates is a good one.
