Water Lures the Wealthy

Data on the summer's local real estate sales arrived the other day. A couple of dozen homes changed hands in our coastal village, most at modest prices. Only two houses fetched seven figures. Both are oceanfront properties.

Even in recessionary times, water attracts the wealthy. Over the generations ads for trust and investment services have reflected that fact. Here are two examples, the first from 1954, the second from just a decade later.