WSJ Real Estate on Twitter
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Since the start of Covid, buyers have poured billions of dollars into property in Palm Beach, with at least 22 sales north of $40 million, two exceeding $100 million and ~35 deals over $30 million. More from @WSJ's @KathyClarkeNYC+ @ebsolomont: https://t.co/JrIqIs79Wr— WSJ Real Estate (@WSJRealEstate) July 23, 2021

I can't fathom why anyone would overpay for these properties when climate catastrophes loom- especially for hot coastal regions. They'd better hope they can flip it to a bigger sucker before that beach is underwater.

  • SoyViking [he/him]
    ·
    3 years ago

    Yes, mr. Realtor, that beachfront McMansion built from drywall and cardboard looks really nice but are you sure you don't have something on top of a mountain? Something easily defensible with a natural source of water and arable land?