- Aug 21, 2003
The rich bolted for 2nd homes or rentals in the Hamptons and upstate (Catskills, Hudson Valley, etc) in March when the virus was hitting the fan. There is a second wave of monied people buying and renting in upstate due to the uncertain situation with schooling and companies likely on remote work through the middle of next year. These will end up being 2nd homes when full life resumes in the city.Did they flee the virus? The violence on the streets? The high taxes? All of the above?