Kalea Bay is a mile south of me in Naples. They are now completing their fifth and final condo tower, each of which has 22 floors.
No one really lives here full-time. Most buyers are wealthy young people from up north who fly in for occasional long weekends. The cheapest unit in the final tower starts at $3.5 million. Kalea Bay is an advertisement for the problem of income inequality in this country.
3 comments:
This is amazing. Our millionaire "cottages" are hidden in the woods on the sides (and tops) of mountains, so it isn't quite as ostentatious where they are. Can I borrow this for a post on my blog?
Sure.
Jack, your photo and description makes the point I've been seeing in national wealth statistics. This is one consequence of the hollowing out of the American middle-class. Jack, thank you for your positive comments on my recent posts. It is always good to hear from you.
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