Monday, July 2, 2018

Our 1% 'Ghetto'

The website 24/7 Wall Street has an article identifying the 10 most expensive neighborhoods in the U.S. What they're actually reporting are the 10 locales with the highest median home listing prices, as computed by Realtor.com.

Some of the usual suspects show up, including NYC and a couple on the peninsula in the SF Bay Area. I bring it to your attention because the town of Wilson in Wyoming makes the list as #10; that's near Jackson Hole and Grand Tetons National Park. Median listing price in Wilson: $2.8 million.

Y'all may remember me mentioning former Vice President Dick Cheney lives there. It is in Teton County, the only one of WY's 23 counties which routinely votes Democratic, and by far its wealthiest county, no coincidence.

Also no coincidence is that the Federal Reserve holds their annual August meeting in Jackson Hole, typically at Jackson Lake Lodge - a place with a fabulous view (fur trappers called a valley surrounded by mountains a "hole"). It's beautiful, but too rich for the DrsC's blood.