Private Islands?
Do the private island values creep up in this market given the isolation needs of the super wealthy?
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I guess this one way to keep social distance!
Unless your Epstein, where he had zero social distancing on his island.
Being stranded on a small island with no civilization is one of my biggest fears in life.
Probably won’t ever have to worry about this though..
Idk about private islands - the buyer pool is so small that it may not matter. But it’s true that rural / luxury vacation homes have gone up in value
https://www.wsj.com/articles/social-distancing-has-become-second-nature…</a">WSJ Article about it
Omg my dream is to literally have a private island. Im trying to move to the Virgin Islands since work is remote for now.
Private Islands basically come in two flavors. Those with infrastructure connections, and those without. The ones with have been ridiculously expensive since well before Corona, and the ones without are more or less useless unless you're a criminal hiding from the law or something. I looked at a deal for a resort that was being contemplated at a private island and while the deal fell apart due to other reasons, the estimated costs to get the place electrified, have access to potable water, etc were all insane. And frankly, this wasn't a real private island in the sense - it fell under jurisdiction of a real country with a real government. It just happened to be a parcel of land that was entirely owned by one party that so happened to be an island, if that makes sense.
Think the above comment captures it well - if it has infrastructure and is move in ready, these things already went at a premium, particularly as they were generally in a good location. "Empty" islands I'm less sure about, generally a smaller market, imagine the preppers who have been looking into NZ for a while had already examined this market. Becomes harder if you don't have a place to land an airplane or even helicopter.
My buddy Jeff had one a while back... haven’t heard from him in a bit.
Jeff Bezos?
Yea Epstein's been ghosting me for awhile too.
Why does this SHIT end up in the real estate forum???
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