Million dollar trailers

Posted by: Dean Foust on August 3, 2005

Yes, it’s come to this: In Florida and California, there are now trailers that are fetching $1 million each, or close to it. Except the owners would object to you calling these trailers—they’re homes that just started out as trailers. This is the read of the day…

 

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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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