Proximity Wealth: Washington, Delhi, and Fortunes Built Next to Power
DC’s luxury home market is booming not from tax flight but from wealth paying record prices for proximity to power. The same trade freezes Delhi’s Lutyens’ bungalow market.
DC’s luxury home market is booming not from tax flight but from wealth paying record prices for proximity to power. The same trade freezes Delhi’s Lutyens’ bungalow market.
A record 17% of 2024 homebuyers bought multigenerational. At the top of the market it isn’t sentiment — it’s an estate-planning vehicle with a driveway.
A branded residence is an apartment with a logo on the door and a hotel behind the wall — and buyers pay about a third more for it. Here’s what the name actually buys, what it costs, and what people get wrong.
A private island looks like the ultimate trophy, and the purchase price is the smallest part of the story. Here’s who buys them, what they really cost, and why owning one is far harder than buying one.
Owning a $10M estate consumes $300K–$500K per year. The carrying-cost reality of luxury homes, plus the broken insurance market in fire and hurricane zones.