The Independent Investor: Inequality in the Housing Market

... over the weekend in "The Hamptons," Long Island's playground for the one percent. Just a week before that a Greenwich, Conn., estate sold for $120 million. At the same time, the percentage of America's first-time home buyers is at its lowest level ...

http://www.iberkshires.com/blog/2544/TheIndependentInvestorInequalityintheHousingMarket.html