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Booming Market for Ultra-Luxury Homes in Miami
The chapter explores the rise of ultra-luxury homes in Miami, including branded apartment buildings tied to luxury car brands, high-priced properties like a $70 million mansion, and the trend of financial firms moving to Miami. It delves into the appeal of luxury real estate in Miami, the influx of wealthy individuals into the market, and the self-reinforcing cycle of rising prices driven by the momentum factor.