from DailyFinance.com by AOL Real Estate
With hedge fund managers’ lucrative performance fees having taking a hit along with the rest of the economy, one town’s real estate market is paying the price. Greenwich, Conn., where hedge funders had set up shop in droves after tiring of the Manhattan commute, has seen its uber-luxury home inventory skyrocket recently, the New York Post reports.The number of homes priced at $8 million or more has spiked by a third, according to a report by Prudential Connecticut Realty, as suburban masters of…
http://realestate.aol.com/blog/2011/11/07/greenwichs-luxury-listings-spike-as-hedge-funders-decamp/ ">Greenwich’s Luxury Listings Spike As Hedge Funders Decamp
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