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Article: Conspicuous consumption is so last year. The new approach is finding affordable indulgences.(living large)
- Article from:
- Sarasota Magazine
- Article date:
- June 1, 2008
- Author:
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Copyright informationCOPYRIGHT 2008 Clubhouse Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SARASOTA HAS BEEN RIDING A WAVE of upscale consumption in the past few years. Some of it has been fueled by the super-wealthy, those corporate CEOs and tech entrepreneurs who jet in to stay at their downtown penthouse or Casey Key estate--one of several homes they own around the country--and shed money on local restaurants, jewelers and art dealers while they're here. The merely well-off, who were feeling even better off with the skyrocketing increases in their home values and stock portfolios, have also been purchasing luxury goods and services at record rates. But with the collapse of the real estate market, the mortgage crisis and the near-panic in the financial markets as ...
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