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South Florida’s Billionaires Wave Is Swamping the Region for Good and Ill

When private equity executive Jason Wright paid $14 million for a waterfront property in Miami Beach’s gated Sunset Islands enclave four years ago, some observers thought he had overpaid. After all, t

Summary

When private equity executive Jason Wright paid $14 million for a waterfront property in Miami Beach’s gated Sunset Islands enclave four years ago, some observers thought he had overpaid.

After all, the seller was flipping the home for a staggering 50 percent profit in less than two months.

Fast forward to today, Wright seems poised […]

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