Adventures in real-estate terminology

If you got the hard-copy version of the New York Times Magazine last weekend, you almost certainly skipped past the advertising sections at the end: an eight-pager on El Salvador from our old friends Summit Communications, followed by a "Best of the West" real estate section from something called Andrew Kay Concepts but which was also, peculiarly, copyrighted by the New York Times.

In any case, I'm not sure how I noticed this, but clearly the world of "luxury apartments" is far, far too déclassé for the people being targeted to buy into the Waldorf=Astoria Residences Las Vegas. (Oh yes they did.) The blurb actually calls them – wait for it – vertical estate residences.

What does that even mean? I thought it meant they were triplexes, or at least duplexes, but looking at the floorplans, apparently not. The only vertical thing about them is that they're stacked on top of each other.

In any case, if you've got something over $3.2 million to spend on a Las Vegas apartment, go take a look and tell me what a vertical estate residence looks like in reality – or at least in a showroom. The mind boggles.

Posted by Felix at 12:33 EST