A friend recently sent me this article by Julie Gerstein of Realtor.com. Gerstein explains the boom in buying around Palm Beach and West Palm Beach, Florida, and that it’s been driven by GOP buyers looking for proximity to Donald Trump. Gerstein writes:
Local real estate agents call it the “Trump Bump”—and the marked impact that Donald Trump has had on the sleepy community of Palm Beach, FL, can’t be overstated.
More than $19 billion in wealth has flowed into the wealthy enclave, where Trump, a Republican, has his Mar-a-Lago, since 2019, according to the Wall Street Journal.
The president-elect’s Palm Beach resort is often referred to as the Winter White House. Over the past decade, it has emerged as a prime center of Republican power.
While it’s typical for a president-elect to rent temporary office space in Washington, DC, during the postelection transition months, Trump has instead hunkered down at Mar-a-Lago. Canadian Prime Minister Justin Trudeau, for instance, recently flew to Palm Beach to meet with Trump. Trump has also held meetings with incoming administration members Elon Musk, Vivek Ramaswamy, and Robert Kennedy Jr. at the 17-acre property.
“The median-priced listing in Palm Beach is up 38.4% from November 2020 to November 2024,” says Realtor.com Chief Economist Danielle Hale.
“Between Oct. 31, 2020, and Oct. 31, 2024, Republican registered voters in Palm Beach rose 0.6%. This may not sound like a lot; but for context, the total voter registration fell 10.8% in the same period and registered Democrats declined by 21.6%.”
Many GOP hopefuls are circling the area in the hopes of gaining access to the president-elect’s inner circle.
Action Line: Tell me what’s happening in your neighborhood. Email me at ejsmith@yoursurvivalguy.com. Click here to subscribe to my free monthly Survive & Thrive letter.
