In a JV deal with a local contractor, we took a six unit building that had a bad fire and converted it into six luxury condo units.

Also in the old days we needed a big luxury type car as you had to haul them around along.. this no longer happens you just meet at the property in your respective cars.. 

...My credit union (Navy Federal) is a portfolio lender BUT dealing with them can be a bit frustrating , in the end it'll be worth it ,I bought a fixer upper for 15k ,put 20k into it ,my hard money lender already gave it a 63k ARV ,we all know how HML can be ultra conservative for obvious reasons,but I went to Navy Fed to refi out ,they came in with a value of 14k ?     

To live for yourself in luxury, that's another story, where I would even be fine with going up to $1300/mo.

If you just want to go by historical numbers I believe the luxury end of the market is going up faster probably in part due to forign demand and income appreciation by those already well off as well as people trading in appreciated housing.If you want to know about living in NYC or RE here feel free to PM me. 

IMO, a generator is not a necessity but a luxury, a home is a necessity or at least a place to live.

Contemporary7.Initially,sales associates should hold open houses in neighborhoods where theyA. know the marketB. have never livedC. do not know the school systemD. do all of the above8.A detailed schedule that shows the seller everything you will do to market the property is called a :A. property profileB. property marketing planC. sales comparison approachD. time management plan9.what is necessary for salespeople in order to thrive in today's ultra-competitive market?

After reading the reports it looks like he's bought a bunch of luxury's and not paid for them while maintaining a good income.  

Brian Buffini, a luxury real-estate coach, says he tells most clients not to switch brokers because the disruption typically costs agents 20 percent of their sales volume in the first year.He says a more likely reason why some agents are switching: “They’re getting their ego stroked somewhere else,” Buffini says.Sometimes it can get ugly when agents do switch firms.

Luxury homes are generally not quick sales.