Russian real estate - Moscow and St. Petersburg could be the Houston and Dallas of 30 years ago. Yesterday's Texas oilmen are today's Russian banking and commodities tycoons (and their ladies)--with their armored SUVs, haute couture clothes and breathtakingly expensive jewelry.
And just as the oil cowboys in the 1970s were living like they didn't know if tomorrow would come, Russia's newly rich aren't afraid to enjoy their money--while oil prices continue to pump up the country's economy.
