There are always iconic objects that are almost irresistible in contemplation. They represent ideas which are far too easy to fall in love with. I really wanted to own an old style Volkswagen “bug” and then I owned one and understood my mistake. The old bug had a nearly indestructible engine but the body of the car had almost entirely rusted away. It had seemed like a good idea at the time. Likewise, I had friends who were in love with the idea of converting an almost free surplus lifeboat into an oceangoing yacht. That didn’t work out too well either.
Another iconic structure, perhaps the most iconic, is a lighthouse. Every year the government puts decommissioned lighthouses up for sale, often for very little money. Some lighthouses have sold for as little as $10,000! A few have been given away for free! How cool is that? A lighthouse for less than the cost of a new car! If only that was all the lighthouses really cost.
The New York Times recently published an article, “True Cost of Buying a Cheap Lighthouse? That Should Be Visible a Mile Away” which looks at the real cost of owning a “cheap lighthouse.”