A Long History of Living With Wealth and Affluence

In 2016 we identified a trend among an emerging class we coined ‘The New Aristocracy.’ This group came from money, was experienced with success at an early age and defined luxury in different terms than their predecessors. The luxury home buyer of today may not perceive an advantage in status, as most affluent often underestimate their class. What is clear, however, is the history of wealth and affluence that they bring to the table. Eight in 10 luxury buyers have already received family money and three quarters expect another shot in the arm in the future.

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