I don't have a particular problem with people purchasing multi-million dollar waterfront homes. I don't even have a particular problem with that home restricting my access to a beach (as long as the municipality is smart enough to designate some reasonable amount of public access)

My problem comes when they whine they can't afford the insurance on said home and need artificially reduced rates. Really? You just paid $7M CASH for this house (your second VACATION HOME by the way) and you can't afford a $12,000 wind policy? You gotta have other policyholders subsidize 20% of that? Really?