The WSJ isn't helping, but just as I defended myself when accused of the same thing, reporting the facts isn't the same as causing the harm

Back to 2008 - the question is, can bargain buyers today expect a rebound later? Maybe not

Greenwich's Luxury Housing Market is Fraying (I found a copy of the article that's outside the Journal's paywall, so that's what I've linked to).

There's nothing in the article you haven't heard here before: high-end houses are a drag on the market, and the outlook is bleak, but, surprising as it may seem, most people who can afford houses in this price range don't read my blog, so an article in the Journal is more likely to be noticed, and further convince them to stay put in their NYC penthouses. Especially the dreamed-for, mythical Chinese luxury market.