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COVID-19

CNN: Rich people are going to isolated vacation homes to “sit it out”

CNN: Rich people are going to isolated vacation homes to “sit it out”
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Amy Hinote
March 15, 2020

In a segment on Saturday on CNN’s Smerconish, talk show host Michael Smerconish discussed wealth disparity in the US with author Nelson D. Schwartz.

“There are reports of the wealthy getting access to private tests, escaping problem zones by chartering private jets, and retreating to isolated vacation homes,” Smerconish said. “One company, PrivateFly told us this kind of business is up 30 percent for them, and every day clients are air lifting their entire families from—say Spain—to a holiday home in the Cayman Islands (for example) to sit it out.”

Schwartz, author of The Velvet Rope Economy, described how the different economic classes are able to move through this crisis and added, “Meanwhile, people are leaving the city. . . and going to second homes while the rest of us deal with the realities of being here.” 

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1 Comment

  1. Charles says:
    March 19, 2020 at 12:54 pm

    Why in a Tesla?

    Reply

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COVID-19
March 15, 2020
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Amy Hinote @vrmintel

Amy Hinote is the founder and editor-in-chief of VRM Intel Magazine, which provides news, information and resources for the professionally managed vacation rental industry. With a background in finance and over 15 years in the vacation rental industry, Hinote has worked with property management companies, technology companies, intermediaries and investors, and provides insider information about the growing vacation rental industry. She also founded the data company, now known as Key Data Dashboard, which provides aggregated market intelligence and reporting for vacation rental managers. Hinote resides between Alabama's Gulf Coast and Evanston, Illinois.

Related ItemscoronavirusdisparityFeaturedholiday homesvacation homeswealthy

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