According to the Knight Frank Wealth Report, released on Wednesday, the population of multimillionaires in major cities around the world now changes radically from month to month...The American rich, he says, are moving from second-home ownership to more of a hub-and-spoke model. — NYT
Robert Frank reports on the seasonal nature of today’s ultrawealthy and the resulting resortification, of architecture and real estate in major global cities.
3 Comments
“This group just doesn’t stay in one place for very long.”
And why is that a problem?
timeshares are the future, bet no one saw that coming.
One day, million airs in space.
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