Eugene David
...The One-Minute Pundit

Tuesday, December 02, 2008




This is...RICH:

In a story in its January issue, Vanity Fair delves deep into the saga of El-Ad Properties, the Israeli company responsible for buying the Plaza Hotel and converting its well-loved, if aging, rooms into super fancy condos. The building's high-profile buyers (who signed on for the apartments sight unseen), have been complaining about "small windows, low ceilings, obstructed views, buckling floors, trashed carpets, glacially slow elevators, and frequent interruptions of running water," among many, many other things. And that's just the obvious stuff. A Vanity Fair source "with knowledge of the materials used in the hotel rooms" uncovered a host of cut corners:

"Instead of Italian marble for the bathroom floors and walls, El-Ad used low-density marble from China (about 50 cents a square foot). The crown moldings in the rooms aren’t actually wood or plaster; they’re fiberglass and run from $2 to $7 a foot. (High-end crown molding can cost $70 a foot, and real plaster molding many multiples of that.) The so-called mahogany closet is in fact just a thin layer of mahogany veneer over industrial particleboard...The carpet in the hallway on the penthouse level was cut and cobbled together—a practice known as “patch-n-match.” (The interior designer of the renovation and hotel representatives stand by the materials used in the project.)"

The rich, they are different from you and me. They are stupider.

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