High-end luxury real estate....

Several high-end luxury residential developments have hit the skids as developers’ rosy estimates of demand for second and third homes among the ultra-high net worth have proved wrong. Those who purchased land or actually built homes on spec face the possibility of steep losses. Even individuals who are happy with their homes could be in for headaches. Already, several highend luxury developments have run into financial difficulties, raising problems for their homeowners. Are any of my homes in jeopardy?