Idaho State - A fairy place for the super-rich to "evade" the Covid-19 epidemic, come to relax every year

Recently, billionaire Charles Stevenson - who was a longtime chairman of the board of directors at Park Avenue, where many billionaires are concentrated - said he was not too worried about the Covid-19 epidemic. This man said: "I don't feel worried. If everyone in the area is infected with corona virus, I will leave here immediately."

Charles Stevenson revealed that the state of Idaho (USA) is the ideal place for him to "avoid" the Covid-19 epidemic. He has real estate here and his family can come along too if they want. The state of Idaho is also the place to relax every year for the super-rich. So what is so attractive about this land for billionaires?

According to statistics as of February 22, 2020, the state of Idaho is the 39th most populous and 14th largest among the US states, located in the northwestern region of the country. The capital of this state is Boise. Idaho is also known as Bang Gem when it has many rich resources, especially with 72 different types of gems.

In addition, nature in Idaho stands out with its long mountain ranges, many waterfalls, rivers and lakes. In 2017, the capital city of Boise was rated as one of the most livable cities with outstanding advantages such as beautiful scenery, suitable for outdoor recreational activities, low crime rate and low cost. living is not too high.

Idaho is also rated as a great place to live in the US and a land of "opportunity". Here, people can find many career opportunities for themselves. According to census data, Idaho's home ownership rate is the 12th highest in the nation, at 69.6%. With a low population density, Americans will easily own a home here at an affordable price.

Idaho also has a relatively developed economy, perfect education and not too crowded. Meridian, Wallace, and Mackay are the most visited places in Idaho. Here converges a series of advantages of Idaho from nature, economy to other services.

In particular, every year, the super rich and the most powerful people in the West often gather in a small mountain town in the state of Idaho to participate in a summer camp, that town is called Sun Valley. Billionaires who often come here by private helicopter can include familiar faces such as Elon Musk, Mark Zuckerberg, Oprah Winfrey, Bill Gates, Warren Buffett...

Held in July every year, "Billionaire Summer Camp" has recorded billion-dollar deals and is also a place where the super-rich connect with each other, laying the foundation for long-term relationships. Billionaires also often bring their families to Sun Valley to both "breathe" and create business opportunities.

Besides the state of Idaho, Dubai is also a place chosen by the super-rich to avoid the epidemic. This sent the luxury home market of the Sheikhdom desert region in Saudi Arabia skyrocketing. According to real estate consulting firm Property Monitor, 90 properties worth $2.7 million (about 62 billion) were sold last month, breaking a record within the last eight years. In March, the company also sold 84 similar properties.

French business magnate Christophe Reech, chairman of a financial technology and real estate conglomerate, is one of those paying for a home in Dubai. Christophe said after nearly three decades in London, England, he was "fed up" when the city was constantly social distancing because of Covid-19. In the spring of this year, Christophe sold her luxury townhouse and set off to the desert in Dubai to start a new life with her family.

Not only Christophe, his super-wealthy foreign friends do the same. That has caused the sales of Dubai's real estate to skyrocket like never before. Dubai is one of the few places in the world where people can dine, shop and do business in person. The number of luxury villas and penthouses sold to the super-rich is setting records in the country, causing the market to explode with soaring prices.

"A lot of people come and buy multi-million dollar real estate on the spot with no appraisal period," said Matthew Cooke, a penthouse sales manager on the Palm Jumeirah man-made island in Dubai. know.

In addition, the super-rich, to escape the Covid-19 epidemic, have spent money making people admire. Global demand for private islands has doubled in the past year and this trend is likely to continue as the super-rich seek to escape the Covid-19 pandemic. According to the exclusive real estate brokers in this segment, even though the main selection criteria are privacy and exclusivity, the world's super-rich tycoons still want to be a little closer to the mainland so they can Quick access to medical facilities in case of emergency.

Sotheby's International Realty says most of the islands sold in 2020 are priced fairly low, around a few million dollars, and are close to the mainland. The company sold only one island in the past year but expects to sell more this year as the vaccination program gets underway and the travel ban is lifted. Currently, Sotheby's has about 20 private islands looking for owners. David Forbes, president of Savills Private Officem, said: "Because of Covid-19, they are looking for multi-generational destinations where they can go with grandparents, parents, children and still feel safe and secure. avoid the risk of contracting Covid-19".

According to Mr. Forbes, the biggest challenge for families who want to own a private island is the medical issue. "If someone is feeling unwell and needs to find a doctor or go to a hospital a few kilometers away by sea with ship or helicopter transportation, sometimes this is not possible. And if that's the case, then that's the case. Medical emergencies are even more of a problem," said Forbes.

While owning a private island is a dream for many, the practicality of this often deters potential buyers. According to Forbes magazine, depending on location and facilities, a private island can cost anywhere from $15 million to $50 million. The cost of developing a complete island with full amenities and infrastructure can "eat" an additional 50 million USD. Meanwhile, maintenance fees and staffing fees will cost from 200,000 to 1 million USD/year. In addition, completing the process of buying and selling an island is never simple and can take anywhere from 3 months to 5 years. Even so, Knight Frank says interest in the private island has increased sevenfold in the past 12 months. According to Sothebys, islands close to the US, Canada and Europe get the most attention.

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