Quote Originally Posted by shark-hunter View Post
I'm sure there are some rare exceptions(inherited wealth is still wealth of course!), but the majority of beachfront home owners are rich in nj.
Oceanfront homes in NJ are generally worth over 1 million dollars.
http://www.businessweek.com/articles...eanfront-homes
Average price is 1.1 million.

Some WAY more than that. A nurse or a teacher working full time couldn't dream of buying a home like that. Many people just own these as summer homes. There not even full time residences. Long island is even worse. Some of the homes in the hampton that are oceanfront go for like 30-50 millions. It's really kind of absurd and show the huge income inequality that exists.

Irregardless of being rich or not, we are overdeveloping our shoreline.
Somebody sounds bitter that they chose to be a teacher.