Jonathan Miller, CEO of Miller Samuel, Inc. discusses the intersection of the real estate and art markets. In this podcast, Miller goes into some detail about
- the financing and construction of luxury real estate in New York and Miami
- the glut of supply in the luxury market of $5m and above
- the sudden drop in demand at the highest end of the market
- how real estate markets clear when supply is greater than demand
- apartments as stores of wealth and which cities predominate
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