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It could be influenced by other factors. I have one such rich relative. After retirement, she and her husband don't really stay put in a "permanent" home. Rather she has properties (of varying sizes) in San Jose, Taipei, Tokyo, Brazil, Frankfurt. None are really vacation homes in the sense that...

Curious as to what the sizes were before?

I wonder what would IP even be selling anymore if not at Portola and Orchard Hills?

Old villa constructed with questionable building codes in a tiny disheveled community >30 mins outside of Florence. Probably nice for a second vacation home, but primary residence? No thanks.