By Arlenys Tabare
Aug 15, 2024, 5:16 PM EDT
In the face of major social unrest and political tensions in various regions of the world, a kind of uncertainty has caused a small population of millionaires in the United States begin building bunkers, according to information developed by The Wall Street Journal.
Potential societal collapses and natural disasters may be the reasons why billions of dollars are currently being invested in safe havens in the event of a catastrophe. For Atlas Survival Shelters CEO Ron Hubbard, the idea that “A civil war or revolution is coming to the United States”, is taking more and more shape.
The climate of political tension in the US with the recent assassination of former President Donald Trump has increased suspicions of an outbreak of violence around politics. According to Elaine May, a historian at the University of Minnesota consulted by WSJ, 67% of American adults believe in this possibility given the current situation in the country and the whole issue of elections.
As uncertainty sets in, it seems that the nearest future for American millionaires will be in super-luxury, high-tech bunkers in foreign countries. According to Henley & Partners, Malta is one of the most sought-after destinations, although a non-refundable contribution of up to $813,000 must be made.
“One concern that unites everyone seems to be the possible uncertainty about post-election scenarios.”, says Jean-Philippe Brunet, an immigration lawyer in Montreal who in recent months has seen an increase in queries and processing of documents to reside in Canada.
Tampa real estate investor Geoffrey Toledo told WSJ that he is considering investing in a unit at the Survival Condo.The world is in a roller coaster right now. It’s a question of where it’s going to go.”He said, detailing that the bunker is at least 15 stories deep and is located in an abandoned missile silo in Kansas.
In this regard, Larry Hall, creator of the Survival Condo, stated that Current demand for bunkers has risen to an all-time high And taking into account the comforts and security they offer, they are only available to clients with assets exceeding $500 million dollars.
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