Sunday, October 04, 2009

Good Luck With That

I think too many people have the wrong idea about how many very rich people there actually are in this country.

Two years ago, Larry Igarashi bet he could build a sprawling house in Orange County's foothills that would sell for at least $10 million. These days, you can easily guess how that turned out.

On Saturday he put the eight-bedroom house in the gated Coto de Caza community on the auction block and got a high bid of $6.6 million -- less than he was willing to accept.


And most of those who are probably aren't especially interested in a 3200 sq. ft. master bedroom in the OC foothills.