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Monday, March 02, 2015

Unreal Estate


My daughter goes to college in New York and will need a new apartment for her senior year. Unfortunately, the one I thought would be perfect for her -- complete with a billiards room, a jacuzzi, a fitness center, and three bullet-proof panic rooms -- has already been scooped up for the low, low prices of $48.5 million. My favorite part of this Wall Street Journal story describing the place is that the owner is selling it because he rarely uses it. Well, sure, why keep it if you're not going to use it, probably because you're spending all of your time in a rent-controlled $400/month apartment in Williamsburg with the other hipsters.