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It may not be too long until Barack Obama and his family call the White House in Washington their home. Until then, however, they’ll be making do with their property in Greenwood Avenue, Chicago, Illinois which was purchased in 2005 for $US1.65 million.
The October 17, 2008 edition of the MTLH e-magazine, coming to you this week from New York City, can be viewed right now.
The amazing reach of the internet has never been more evident than right now – two young Australian’s have just won a global, luxury award and Barack Obama, having just eloquently seen off the challenge of John McCain in the 3rd Presidential Candidate Debate (incidentally, here in New York) and perhaps the clearest advocate of just what social networking and communication can do, is knocking on the door of Bush Jr’s hangout on Pennsylvania Avenue (ie. The White House). That’s progress!
And in case you’re wondering, we can’t see Russia from here!
As part of our experience in the United States on this occasion both Simon and I found ourselves in the middle of a massive political rally in Philadelphia. With the Presidential Election only a few weeks away campaigning is in full swing throughout the country and some States have even started voting – although the results of the early voting will not be announced until official counting begins on election day (Nov 4, 2008).
As an Australian it was amazing to witness the passion of supporters for Barack Obama and John McCain and the extent to which they express their feelings. The Vice presidential candidates were also receiving plenty of attention with Sarah Palin opponents holding up signs, wearing anti-Republican t-shirts and printed with all sorts of slogans as well as chanting in unison.
I have never seen such passion for any election in Australia and although Police were on hand the rally remained no-violent – just very loud! Before leaving Philadelphia, we also witnessed the Hillary Clinton machine roll in and out of town – yes, she’s still going – and Simon and I visited the Liberty Bell which is a symbol for freedom for all people in the United States. The protests, rallies and the individuals mentioned are crystal clear evidence that the symbolism of the liberty bell is alive and well.
We were also fortunate enough to visit several properties throughout the city with Luxury Brokers who are part of the Who’s Who in Luxury Real Estate and compared the pricing of property in Philadelphia with that back home in Australia. Without hesitation Sydney is a far more expensive city for those looking to purchase real estate, showing the importance of property to Australia when considering both wealth creation and housing affordability.
Whatever the result of the Obama versus McCain election in the US , I believe Australia is well placed for buyer confidence to recover quickly after the stunning 1% (100 basis points) decrease in interest rates by the Reserve Bank and the overall health of the Australian financial system. The freedom’s, liberties and luxuries that we all enjoy show few signs of fading!
We’ve seen financial dramas of historic proportions in the last week, but within the chaos there is much opportunity. Marquette Turner Luxury Home’s articles seek to put the issues in perspective, and as ever we’re more than happy to let our feelings be known.
Both Michael Marquette and I are now in New York City eagerly anticipating next week’s Luxury Real Estate Awards in Philadelphia. Thus, this latest edition definitely shows a heavy interest in the going’s on in the US of A and the relevance to all of readers – Australian, American and the many more around the world – cannot be understated. Find out what’s happening, what’s interesting and what’s new: these are indeed curious times! Simon Turner