$11 million is the new $5 million
"The location is the most important," said Marianne R. Sanua, an associate professor of history and Jewish studies at Florida Atlantic University, in Boca Raton, who grew up in Brooklyn in a half-Syrian Sephardic family. "They're willing to completely gut a house and rebuild it to the latest specifications rather than spend $5 million to buy a penthouse on the Upper East Side, which would mean nothing to them."
"It's very important for members of the community to live close to one another," she added. "They put tremendous emphasis on keeping their children in the community and having them socialize and marry within the community. Many parents will go to tremendous efforts to buy houses for their children. They will buy houses and give them as wedding gifts."
What, a little fine china and a fancy juicer isn't good enough for those Syrian kids? Sheesh.