Wealthy Palm Beachers forced into long-term-stay hotels

This winter, Upper East Side art advisor Terri Kahan decided it was finally time to trade in her black turtlenecks for poolside caftans.

“It felt a bit decadent, but so many of my clients had gone to Palm Beach that I thought it was necessary for me to be there,’’ said Kahan.
But she soon realized that moving to the South Florida Shangri-la isn’t what it used to be.

“I finally found [a condo] that I loved, but as soon as I made an offer, someone else came in over $200,000 above asking,’’ she said. Kahan then put a bid