All house, no furniture

Amey Stone

Here's a new trend a colleague just told me about -- in certain New York suburbs, buyers are putting so much of their savings and monthly income into the purchase of big beautiful homes that they don't have enough money left to furnish it.

He tells of families in his Orange County, N.Y., neighborhood that have toddlers running around vacant rooms while the parents try to gather enough savings for a trip to Ethan Allen. Basically, they've taken the conventional wisdom of buying as much house as they possibly can to a new extreme.

Has anyone else witnessed the same phenomenon in your town? (It's not an issue in New York City, where I live!).

In a way it makes perfect sense to me. Why clutter up a big new house with cheap or old furniture? Why not enjoy the expanse until you have the cash to afford some quality pieces that will last?

If I ever sell my New York City apartment, I don't plan on paying movers to relocate most of my battered and worn furniture. Come to think of it, having an empty room for my two-year old to clatter around in, sounds like a dream come true.

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE