The latest report from Prudential, courtesy of For What It's Worth, shows an eyepopping increase in the inventory of $6 million+ houses for sale in Greenwich, CT, growing at 164% in 2009 compared to 2008. While the total inventory increased by a manageable 22%, the heavy weighing toward the rich end of the spectrum is troubling. Seeing how buyers for the under $1,000,000 category are rarer than hen's teeth, the likelihood of newly liberated SAC psychologists of HR managers purchasing at 6 times that price is also 6 times less likely.
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