From Market Watch: "Sales of 50 Million Dollar U.S. Homes surged in 2014". In 2014, there were more sales of U.S. homes worth between $50 million and $99 million than in the previous 10 years combined.
Actually there were merely 20 homes in that price range that sold last year, but who's counting. Most were in the New York City area. Financial critics claim: "The reality is if you buy a $100 million personal residence, you’re sinking that money into an asset that brings you no income and costs you money to have it. You could have sunk that into a real estate investment trust that could pay you millions of dollars a year."
Seriously, though, who really needs a 50 million dollar home? And what in the world is in that house which makes it worth the money? I'd guess much of the cost is due to location such as private ocean front, but still... Too bad the reporter of this piece didn't find it necessary to include a photo of one of these homes.