Wall Street A-Listers Fled to Florida. Many Now Eye a Return

[brooklynite]

Bloomberg

For months now, A-listers and lesser-lights from the world of high finance have been traveling to the Sunshine State while riding out Covid-19. Hopeful locals see evidence that the area’s long-elusive dream of luring Big Finance for good might be coming true at last. Along Worth Avenue in Palm Beach, real estate agents count commissions from a pandemic-induced real estate boom. Private schools fantasize about attracting the Spence set.

The reality is more nuanced -- much more.

Only a small percentage of Manhattanites moved permanently to Florida last year. And as vaccinations stir fresh hope that the pandemic’s end is near, ebullient talk of South Florida drawing Wall Streeters en masse is already beginning to fizzle.

Dan Sundheim, founder of New York-based hedge fund D1 Capital Partners, will very likely leave Palm Beach and return to his Park Avenue home, according to a person familiar with his plans. David Tepper, who moved back to New Jersey from Miami last year, is staying in his home state for now, even though he and wife just bought a $73 million Palm Beach mansion.

[FoxNewsSucks]

1. "even though he and wife just bought a $73 million Palm Beach mansion."

for a 2nd home to wait out a disease.

Income inequality and money in politics is maybe the biggest problem this country has.

Tax the billionaires and corporations.

[4Q2u2]

2. Florida was Great

Until they realized it was filled with people from Florida.

[Tommy Carcetti]

3. Funny, that's my feeling on New York. nt

[4Q2u2]

4. I am from neither

But i think that happens that way all over the place

[sop]

5. Palm Beach is full of sharpies who honed their predatory skills in NY then migrated south to ply

their trade.

[Hortensis]

6. Until they found people like them were coming. Like those

who swarm in like disease-carrying locusts from around the nation for holidays, they're not exactly the nation's finest. Which brings to mind NY's preeminent product, Trump. If NY does belatedly do its duty and convict him, he'll hopefully return home to live.