The Summer Home Bust
Good riddance to those cottages on the Cape, those cabins in the Adirondacks!
A version of this article also appears in this week's issue of Newsweek.
Daniel Gross is the Moneybox columnist for Slate and the business columnist for Newsweek. You can e-mail him at firstname.lastname@example.org and follow him on Twitter. His latest book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, has just been published in paperback.
Photograph of an ocean-front house by Lorraine Kourafas/Shutterstock.com.