Manhattan Superyacht Spawns Luxury Condo Boom as Billionaires Flee Rising Seas
A startling trend is emerging in coastal real estate: the 'superyacht' is no longer a vessel but a floating fortress for the ultra-wealthy. New data reveals a 60% surge in "climate migration" among billionaires, who are now anchoring multi-million dollar residences off major urban hubs to avoid storm surge and sky-high insurance premiums. This move is disrupting municipal tax bases and sparking fierce debate over navigable waterways as the new prime real estate. The result? A stratified ocean where access is defined by wealth, not geography.