An $85 million L.A. mansion with a 500-worker renovation team. A $70 million London home with a bowling alley. The Ecclestone sisters are swiftly amassing a global property portfolio. The new generation of wealthy buyers.
The government has given buyers using the credit another three months to close sales, and the initiative is being imitated on a smaller scale by states and private companies. But some think the market would be better off if we laid it to rest for good.