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Lifestyles of the Rich and Richer

Leave it to the Wall Street Journal to get down to the dollars and nonsense cents of the Schifter house move. "The current appraised value of the buildings and the land is $7.6 million, but contractors put the cost of rebuilding the main house alone at around $10 million." Thus, the Schifter's are spending an estimated $1 million to move the 8,300 sq. ft. main house, 1,814 sq. ft. guesthouse and garage back 275 feet from the eroding bluff and onto a four acre property next door that they bought in January for $4.5 million. [Wall Street Journal; previously; photo by Ray Ewing via Vineyard Gazette]