That bought some pretty nice beach houses in the Hamptons, let me tell you.
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If they retired to their beach houses en masse, the rest of the economy would be fine, or perhaps even healthier.
In these days of frantically looking for ways to reduce federal spending to avoid going over a fiscal cliff, does anyone think that subsidizing flood insurance premiums for the beach houses of 1 percenters should be an urgent federal priority?
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Extending about a mile and a half along the Pacific Coast Highway, the tony enclave is comprised of 70 lots crammed with beach houses belonging to billionaires like David Geffen, Haim Saban, Eli Broad, Paul Allen and Gerald Schwartz.
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Sassicaia and the luxury-wine boom sprinkled a pinch of fairy dust over the Maremma, a place whose outside appeal was previously confined to the tourists who swarm on the coast in July and August, and the enclaves of wealthy Florentines and Romans who keep beach houses and hunting cabins there (and keep to themselves).
Both families had vacation houses in Palm Beach, and they enjoyed a landmark night at the movies there.
Renate Early owns a small restaurant four houses in from the beach in Harvey Cedars, near the Karans.
On Malaysia's eastern coast, the Marang resort in the state of Terengganu provides both rooms with a view of the pristine beach and lodging in stilt-houses above a mangrove preserve.
Caretakers and estate managers are stationed at beach homes, hobby farms and historic houses across the world, taking care of properties for on-site or absentee owners.
You are also in one of Tahiti's most ambient areas, where the paved road ends and local houses are built right along the beach.
In 2002 they sold their Weston, Mass. home, completing their move to Florida's Sanibel Island, where they own and manage seven vacation rental houses, gather shells on the beach and watch their properties appreciate.
Officials determined earlier Tuesday that half-way houses are not available in the Virginia Beach area.
This evening, in Midland Beach, New York, on a street lined with houses and businesses devastated by the storm, a great big Christmas tree shines out of the darkness.
It is not only tourism properties which are positioned adjacent to the beach or coastline, but other infrastructure as well, such as houses, roads, airports and commercial enterprises.
O'LEARY: We're flying over Holly Beach right now where there used to be about four streets deep of houses and they're completely gone.
For a quieter stay, book into options like Bayrams (five minutes from the beach, families with children welcome, cushioned little gazeboes perfect to chill out during the day and night), recently built Turkmen tree houses with hammocks in the garden, also close to the beach or Orange Pension - another tree hostel in the middle of the orange grove.
At Crystal Beach, a resort community on the Bolivar Peninsula, swaths of land where houses had stood were reduced to debris-laden beaches, with only a few houses dotting the flattened landscape.
You can see debris for miles, houses that look like piles of sticks, and the vacation community of Holly Beach just doesn't exist anymore.
Travellers live in the rustic tree houses, eat by the fire and spend their days exploring the ancient frontiers on the beach.
People, furniture, houses, cars, toys, flowers, all the living and material life of a fancy beach resort get pulled into a swirling, tangled mess and are randomly deposited miles inland.
On Father Capodanno Boulevard in Staten Island's Midland Beach, frigid gusts blew in from the water, but those residents who have moved back in to their houses said the wind wasn't as bad as feared even at the height of the storm.
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