It is almost time for Thanksgiving, the holiday when many people in the USA cook and eat turkey. As I was walking up and down the aisles of the supermarket yesterday, buying food for the holiday, I was wondering what has happened to the price of turkeys over time.
President Barack Obama is currently taking a two week vacation on Martha’s Vineyard, a small island off the coast of New England. My wife and I took a short vacation on the same island and left a few days before the President and his entourage landed. The island has lovely scenery, warm water and many quiet places to relax. The island also is very expensive. While I didn’t do a professional survey since I was on vacation it seemed that almost all prices I paid were about 50% higher than what exists 45 minutes away on the mainland. On the ferry back to the mainland I came up with three reasons why Martha’s Vineyard and other island getaways like Nantucket are so expensive. Continue reading