What really bugs me about such realty story is these expensive homes are owned but rarely used. I was at a coastal town 1-2 hours away from Los Angeles a few y

What really bugs me about such realty story is these expensive homes are owned but rarely used. I was at a coastal town 1-2 hours away from Los Angeles a few years ago. Nice houses ON the beach. Bet each house was worth a million to a few million easily. What REALLY struck me was that virtually ALL the houses facing the beach seemed EMPTY. And this was over a weekend. I didn't see kids/family lounging on the deck or the beach. These nice, big houses were all empty. The town is too far from centers of commerce like LA to support a large population of people who would make big enough salary that can support multi-millions dollar houses. This means most of the houses are 2nd homes for families. And I bet a family owning a million dollar beach house would also live in a everyday house that costs similar.