We've been curious how the Luxury Letter?the monthly luxury real estate market update put out by Elliman's Luxury Loft team of Leonard Steinberg, Hervé Senequier and consorts?would tackle the market slowdown, and now that we've read the results we can safely say the November edition is a must-read. In it: 8 rules for buying luxury in the "new market," a graph explaining why investing in real estate is still better than sinking cash in the stock market, and awesome Steinberg observations such as, "We have witnessed ugly confrontations between buyers and sellers, even after contracts have been signed. Some buyers have shown up at closings wanting to re-negotiate price. Few are successful." [Luxury Loft]
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