12:15 pm
Dillweed$ of the Day: Barron’s Magazine (and Its Readers)
So I’m reading an op-ed (on health care reform) from yesterday’s WSJ, and I notice a link to a story entitled “Ten Best Places for Second Homes.” Now we don’t own a first home, so it’s not like I’m in the market for a bungalow in Tahiti. But I was still curious — maybe there’s some little town in Florida where you can get a beachfront home for $200,000.
I should have known better. The story originally appeared in Barrons’s the arm of the Murdoch empire designed to make the Wall Street Journal look like a communist rag. It wasn’t a story about bargains; it was an hommage to status and excess. Permit me to share with you just what they think we are looking for in a second home:
There’s nothing like a stabilized economy and a huge rebound in stocks to send folks looking for the perfect manse. The return of hefty Wall Street bonuses hasn’t hurt, either. With all that in mind, and with summer just around the corner, Barron’s sized up the market for upscale second homes, one of the greatest luxuries of all. We scoped out dozens of deluxe enclaves across the country, speaking with brokers, homeowners and others.
Prices are way down–40% off the peak in some locations. Seemingly at or near bottom, they are starting to attract the first wave of bargain hunters–and not just families in need of R&R. . . .To help you in the hunt, Barron’s has selected the 10 best places in America for second homes. These alluring locales have it all: gorgeous houses, spectacular views, world-class golf, fishing and skiing, fine dining and great shopping. You’ll find the complete range of lifestyles, from peaceful and easy to vigorously social.
And these folks wonder why “average folks” hate them so much? What Dillweeds. Or perhaps I should say Dillweed$ instead.
