The American cities where billionaires are purchasing properties - despite well-known risks
America's billionaires are still eagerly snapping up luxury properties in some of the nation's most desirable locations - despite major climate risks and soaring prices. Wealthy buyers are continuing to flock to coastal areas like Malibu, Palm Beach, and Miami - despite the risk of increasing climate disasters. Industry experts reveal that billionaires are largely immune to typical home-buying hurdles, as they can afford top-tier protection against natural disasters and often own multiple homes to escape extreme weather.
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