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A New Lease on Luxury

They've got the money to buy trophy homes—but for now, they'd rather rent. Hoping to keep cash liquid while watching the direction of the market, more people are paying big sums for temporary digs.

In San Francisco’s financial district, Millennium Tower, a 60story highrise where venture capitalist Tom Perkins owns a penthouse and retired quarterback Joe Montana rents two apartments, there’s a two-bedroom just under 2,300 square feet available for $15,000 a month.

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