The Great Recession of the past several years took many things from America: our jobs. Our financial resources. Our pride. But as the economy returns to its former glory, we now face a new peril: our national supply of mansions is getting dangerously low.
The WSJ reports that sales of high end luxury homes roared back this year (and let us take this opportunity to congratulate you all on your million-dollar home sales in 2012—finally!). Good news? Sure—for the Soviets. How many terrorists, communists, and socialists enemies of this nation are rubbing their hands together in glee, waiting for us to deplete our precious Mansion Reserves before they strike?
At the current sales pace, it would take nearly 12 months to sell the supply of million-dollar properties available for sale in October, down sharply from 21 months one year ago, according to the National Association of Realtors. The supply shortage is becoming particularly acute in the West, where the supply of million-dollar homes stood at just six months in October.
We have backed ourselves into an untenable position in which a single Avatar sequel could create enough new millionaires to buy up every last mansion in California. And what do we expect America's rich to do then? Live in apartments? Mr. Obama, THIS NATION NEEDS MORE MANSIONS. Our unity is our strength.