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The Other Half

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Over the weekend, the Times delved into the trend of rich people buying apartments with extra bedrooms, then converting them into closets. A quote from the article: "Being able to turn a bedroom into a closet in New York City is a little bit like using your whole paycheck to buy a Chanel handbag. It's a little slice of what it would be like if you had an entire house, or a car and a driveway and a backyard." And another: "It's very difficult to say, 'Occupants: 1,000 pairs of Jimmy Choo shoes.'" [NYT]