And You Thought SF Was Expensive

I've just returned from a week's stay in Kapalua, Maui. The Ritz-Carlton is on the tail end of completing an 84-unit development consisting of three- to four-bedroom units that start at $4M. Now, Maui is a great place to vacation, but honestly, those who have an extra $4M (the penthouses are rumored to be in the $9M range) might desire more than a crowded, high-rise like development that's somewhat out of scale with its surroundings. Something I thought about while hanging out on the beach and watching the dump trucks go in and out of the work site.