Why are billionaires buying Washington: Trump’s boom in luxury real estate – gasoline

The tide of billionaires joining the Trump administration has caused a boom in the luxury real estate market in Washington, as technology titans and business leaders are rushing to establish supports in the capital.

According to Financial Times, Meta Meta CEO Mark Zuckerberg He examines the purchase of property in Washington, signaling his efforts to influence the technological policies of the administration. This move comes when Meta is up to $ 65 billion in costs associated with AI.

The trend extends beyond the technical executives. According to the New York Times, at least a dozen billionaires have been eavesdropped on the senior roles of the administration led by Tesla Chip CEO Elon Musk with a net value of $ 429 billion. Musk, heads the Ministry of Government Efficiency, reports that in the neighborhood Adams Morgan is watching property.

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Real estate agents report an unprecedented search for luxury properties. “We were really overwhelmed by the wealth factor that came to Washington after the election,” Jim BellTTR Sotheby’s International Realty Executive Vice President, told the New York Times.

The latest high -profile purchases include a $ 25 million French Home for a Chateau style, purchased by a trade secretary, nominated Howard Luni, which set a local record. Financial Times said Trump’s cryptocurrency and AI CAR David Sachs I bought a $ 10 million residence in the capital.

“These are really rich people,” a technical journalist Kara Swisher In front of the New York Times. “As much as they like to have an image not to be spent, they are all really spending. They all have private planes, they all have assistants. “

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Propensation for property reflects a broader change in the dynamics of Washington’s power. “There are many wealthy people looking for a place on the table,” Jonathan Taylor He told TTR Sotheby’s to New York Times.

Billionaire David Rubenstein Explain the motivation. “Big donors would like to receive policies in which they believe from the federal government -more oil drilling, easier antitrust policy, more favorable cryptocurrency policy, less banking supervision,” he said.

Main neighborhoods such as Kalorama, Massachusetts Avenue Heights and Georgetown have observed particular interest. The trend is transformed traditionally elite enclaves, with technological wealth displacing residents of old money.

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However, the transformation of the real estate market in Washington extends beyond individual purchases. Historic property in Georgetown, the home of the Italian style since 1850. Boydon GraySold for $ 10.5 million, while real estate agents report an active summoning of existing homeowners to evaluate the interest in selling wealthy newcomers.

For billionaires, properties in Washington are relative transactions. “If you want to buy a home in New York or Southampton, a really good house, it can cost $ 100 million to $ 150 million,” Rubenstein told the New York Times. “You can’t spend $ 25 million in Washington even if you try.”

The influx has affected especially in the established neighborhoods. AS Jamie PevaReal Estate Agent in Georgetown, explained to the New York Times, “This wasp hegemony, which began to decline in the 80, just continued to diminish. Suddenly he begins to enter. This is meritocracy. “

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