Palm Beach is religious about real estate
A reporter, writing in one of the local rags recently, observed that “Palm Beach does not take itself too seriously.” Er… wrong. Very wrong. Palm Beach takes itself very seriously indeed and, as the location with the greatest density of billionaires, why not? And the two things it takes most seriously are money and property. As I have remarked here before, property prices are close to being a religion in Palm Beach. Not a day goes by without the local “shiny sheet” reporting the latest property price news, mostly a happily reassuring dollar figure for this condo or that beachfront palace. Given this, well, preoccupation, it is no surprise that we now have two new concepts in property. These are “property promiscuity” and “polydomary.