The Rich In The US Are Retreating To Yachts And Country Estates To Ride Out Coronavirus
From hastily-chartered superyachts to fortress like country estates, the wealthiest Americans have found places to ride out the pandemic far away from the masses.
Why it Matters: The contrast between the rich vs. poor experience of coronavirus exposes class differences — in housing, access to health care, etc. — that are less obvious in normal times.
Where it Stands: Even as elected officials tell us that the novel coronavirus does not discriminate — New York Gov. Andrew Cuomo called it "the great equalizer" — it's still true that the moneyed classes are walling themselves off and, on the whole, suffering less.
People with Second (and third) homes have stampeded from hot spots like New York City to pastoral and less-afflicted areas — like the Hamptons, Cape Cod, Hilton Head and Palm Beach.
Thanks to "concierge medicine," where people pay hefty annual fees in exchange for near-unlimited access to their doctors, the rich have been getting faster access to COVID-19 tests, plus more attention when they're sick.
Headlines That Tell The Story:
Seasonal vacation resorts don't have the doctors, hospital beds and other resources to care for throngs of sick people — prompting calls for the moneyed interlopers (renters and owners alike) to go home.
Per the WSJ: "The new coronavirus has struck hardest in working-class neighbourhoods in New York City’s outer boroughs, city data shows, underlining how the pandemic has ravaged densely packed lower-income areas where social-distancing guidelines have proved difficult to implement."
People who live in poverty are more likely to have underlying illnesses that make them more susceptible to coronavirus — asthma, heart disease, hypertension, diabetes.
"Income in the United States is our pre-existing condition," Collins said. "This infection is landing on an extremely unequal society — much more unequal than 40 years ago."
A tale of two pandemics: As soon as NYC schools closed, real estate agents were flooded with calls from people begging to rent houses in the Hamptons — where a single summer's lease can easily cost $100,000 — immediately and sight unseen.
"You have people calling in and saying, 'We're going to be in a car tomorrow, give me a house that I can move into,' " Eddie Shapiro, founder and CEO of Nest Seekers International, tells Axios. "We've never seen that."
To drive there, the renters would have had to pass through Queens — the city's hardest-hit borough — where "apocalyptic" conditions at a 545-bed public hospital in Elmhurst have turned the neighbourhood into a poster child for the virus' wrath.
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