Wednesday, July 28, 2010

Location, Location, Location

The NY Times.  Bringing you hard hitting headlines like this:
If It Causes Stress, Is It Really a Vacation Home?
The dynamics of second homeownership often conspire against this, said Milton F. Pedraza, chief executive of the Luxury Institute, an organization that does research on wealthy consumers. “People become slaves to their homes. They buy into the headlines and that makes them pretty miserable with their vacation homes.” 
 With the residential housing market collapsing and jumbo mortgages (you know, the kind you find on over-priced vacation homes) defaulting at a far greater rate than standard middle-class mortgages, it's nice to know that the Times is sensitive enough to cover the unbearable lightness of being that must accompany the dilemma faced by what must be trillions of Americans over the agonizing decision to purchase that second vacation home (or in John McCain's case, number 8.)

Integrity you can taste!

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