Wealthy Transplants Must Prove That Their Hearts—Not Just Their Wallets—Are in Florida [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
On a recent afternoon a prominent society doyenne who splits her time between New York and Palm Beach took a look at the scene down in her winter getaway and noticed a perceptible shift in the casting. “It used to be the typical older crowd. You know, Wilbur and Hilary Ross eating dinner in 45 minutes flat at the Mark before speeding to Teterboro to take off before the clock struck 12,” she said. Then Covid came. “People who already had Florida homes realized they were naturally spending enough time outside of New York to file as Florida residents. Plus, all these young people who came so their kids could be outdoors got them into the Benjamin School. And suddenly Sant Ambroeus at the Royal Poinciana Plaza isn't all ladies who lunch—it's hedge fund guys in Loro Piana quarter zips who can now work from anywhere and chose here.” Traffic jams on private runways at 11:55 p.m. Apps that track how many days are spent where. Receipts that prove beyond a shadow of a doubt the precise tim
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