The expense of the rich: Some humor for a Sunday

    I am off to revisit Gillette Ridge today, a unique golf community and golf course in Bloomfield, CT.  The course threads its way through an office complex that includes the CIGNA and MetLife insurance companies.  The Arnold Palmer course is a tester, but nothing like it was when it first opened a decade ago.  It was virtually unplayable, with a stretch of holes that only a PGA professional could love (or endure).  But with Billy Casper Management guiding the way, the course was softened a few years ago, and now is not only playable but fun.  You can read my previous review here.

    In the meantime, as I noted here a few days ago, high-end homes of the formerly rich are being sold at auctions for small percentages of their former values (and a lot less than most experts believe they are worth today).  I referenced John McAfee, the software inventor who has gone from uber rich to just rich, disposing of millions of dollars of his real estate along the way.  Today, in the Hartford Courant, humorist Colin McEnroe writes about these tough times for the super rich.  For readers of this site who have dreamed of owning a big home they could not afford, now may be the time.  You can read McEnroe's column by clicking here.

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