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March 2, 2009

Is the Executive SAFE-T bed a safe or wise investment?

Hollandia International Safe t bed with safeA couple of years ago, we wrote about the extravagant beds from Hollandia International, whose "sleep systems" cost upward of $50,000.

Hollandia has recently introduced the Executive SAFE-T bed (shown), which has a 8 x 10.6 x 4.3-inch safe located in the bed base beneath the mattress. Cost: $20,400, or $399 as an addition to other Hollandia beds. We haven't tested the beds or the safe, but it seems like a questionable move to introduce such a pricey bed during a recession.

Then again, perhaps this Israeli company, trying to capitalize on the widely accepted notion that crime rises during economic downturns, figures that its wealthy clientele will want a secure spot to stow their baubles. Or maybe the SAFE-T bed is for people who are concerned about bank failures and want a cache to stash some cash.

Essential information: Visit our Personal Investing hub for expert advice on the best ways to manage your money today.

Comments

The paranoid wealthy pay fortunes for the illusion of security. They might find their efforts better rewarded by practicing decency and kindness.

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