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.

  • panopticon [comrade/them]
    ·
    3 years ago

    Lol, you're probably right that there'll be a speculation boom as people try their best to make a quick buck without being left holding the bag. Like a game of musical chairs in the steerage level of the Titanic. Amazing

    • SonKyousanJoui [he/him]
      ·
      3 years ago

      I read an article by a journalist who asked a realtor at a showing for a beachfront property about rising sea levels and they said something like yeah but that's only a problem about 40 years into the future so you can easily live here one generation and sell it before shit hits the fan. :fucking-aquaman?: