Billionaires Hoard $100 Million Homes At Record Pace: “Beats Gold, Because You Can Boast” – Tyler Durden

Nowhere is the new normal more evident than the frenzied hording of so-called “trophy homes” by the world’s 1800 billionaires.As Bloomberg reports, the ultra-luxury housing market is scaling new heights as a record number of properties around the world command prices topping $100 million. Demand is growing among affluent Americans and Europeans; billionaires from unstable economies, such as Russia and Middle …