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May 1, 2008

Luxury real estate is often purchased with the heart, not the head. Constance Gustke analyses how your dream home can also be a lucrative long-term investment

Luxury real estate is often purchased with the heart, not the head. Constance Gustke analyses how your dream home can also be a lucrative long-term investment

In California, the Hummingbird Nest ranch, which sells for $75 million in rural Simi Valley outside Los Angles, has laid dormant on the market for over a year. The 123-acre ranch comes with in-demand comfort features such as a helipad, solar panel field, water recycling, six guest houses, 10 staff houses, and a 17,000-square foot home. But real estate agents say the ranch won't sell anytime soon.

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