With housing at the forefront of the financial crisis, the high-end market is not immune. The national drop in home values and turmoil in the stock market have combined to lower demand for homes of the ultra-rich, such as hedge fund titans.
However, in the face of multi-million dollar price reductions, these homes are beginning to offer potentially profitable (and in the mean time, prestigious) investments.
With information from Trulia.com, these lavish homes in close proximity or actually in New York City are typical of the Wall Street elite, and are also examples of some of the most significant price drops in the area over the past several months.
So, want to see some hedge fund homes currently on the market? Click ahead to see the examples!
By Paul Toscano
Posted 22 Oct 2009