"Once extremely rare, $40 million price tags are now popping up across the country," writes Candace Taylor of the All Street Journal.
Her article discussed how "$40 million became a standard asking price for luxury real estate?" In it she says that "Over the past year, there were more than 300 homes for sale across the country priced from $35 million to $49 million—an increase of 24% from the prior year, according to data from real-estate website Trulia."
While $40 million is a lot of money for a home, it's difficult to support a statement that say $40 million has become a "standard asking price for luxury real estate" when there were a total of 300 homes in the USA sold for $35 million to $49 million. Perhaps it is at the high end of luxury though there certainly exists a much larger number of luxurious homes for far less than $35 or $40 million.
Near the end of the article she qualifies her claim that $40 million has become the new price for luxury when she more accurately describes these homes as "super luxury." This gets closer to reality about what these $35 million+ homes represent however it fails to recognize that their are substantially more "super luxury" homes available for $1 million to $5 million in parts of the country other than NYC - though it's easy to easy to understand why an analyst focused on NYC would conclude that NYC is representative of the entire country.