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Reply to "Is Chevy Chase & Bethesda MD old money? When did the WASPs have a white flight of those areas?"
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[quote=Anonymous]Rich is back in mid 1980s a Wall Street Private Equity guy bought a three million dollar oceanfront mansion on Dune Road in the Hamptons. That part is a severe flood zone and homes don’t qualify, home insurance, flood insurance or mortgages and cash only. The NY Post actually asked him is her nervous he bought a house that a single wave could wash it away since house is uninsured. His famous answer not really as house only cost him one day pay. [/quote]
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