The caption said: Luxury gated townhome community-Central location… Luxury homes in the $200,000 price range and located in the central city of Salt Lake? Can’t happen. I think this term is over used by agents everywhere, it is loosing it’s luster. I mean, this property has linoleum! The term Luxury from Wikipedia: Luxury real estate (American English) or luxury property (British English) describes a niche in the real estate market dealing with the highest socio-economic group of property buyers.
Then there is this LUXURY Listing: FEDERAL HEIGHTS MEDITERRANEAN MANSION. COMPLETELY UPDATED WITH EVERY CONCEIVABLE LUXURY. THIS RARE HOME SCREAMS CHARACTER AND WORLD-CLASS QUALITY.DECKS, PATIO, POOL AND GARDENS ARE MATURE, LUSH AND PRIVATE. HEATED STONE WALKWAYS, FLOORS AND DRIVEWAY. $4,990,000. This is luxury!
I know there are luxury properties that fit into the luxury category that are only around the $1 million dollar mark, but I think anything below this amount is not luxury. Am I wrong?
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