Wealthy Californians Find The Shoe On The Other Foot As Wealthy Out-Of-Town Billionaire Snaps Up Properties In Their Idyllic Beach Town

Horror stories about idyllic small towns being roiled by rich, out-of-state carpetbaggers buying large swathes of real estate often have a buyer from California as the bad guy. The shoe is on the other foot for Carmel, also known as Carmel-by-the-Sea, where a foreign billionaire is buying so many properties so quickly that the locals are becoming very concerned. A Seaside Paradise And Celebrity Hideaway It would not be an overstatement to describe Carmel as one of the most idyllic enclaves on th

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