Palm beach/West palm beach

[Matthew Cullum]

Hey,

I just wondered if anyone had any views on West Palm Beach as an area for multi-family property growth?

Thanks

[Nicholas White]

@Matthew Cullum - WPB is completely different market than Miami and I would argue it benefits from Miami’s explosion. Miami is out of control and people are steadily flowing north to WPB for a cheaper, less crowded place to live. We have tons of businesses in the finance and tech field moving to Palm Beach County. There is an influx of wealthy people Moving both their residence and business down from NYC and the northeast to escape both the cold and the insane taxes. The kicker in WPB is that you have Palm Beach Island - a concentration of wealth from all over the world that is unlike anywhere else. Insane wealth, growing jobs, amazing climate, world class beaches... if you’re investing for the long haul I think you’ll be safe so long as you research the “micro-market” and the area where you want to buy. WPB does have some very bad areas that are close to some very good areas and things can change block to block.