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> Many of the residences were sold to foreign owners. There isn’t a section of NYC to which this does not apply. All over Manhattan and in 7+ figure propertie
by subpixel 7y ago
> Many of the residences were sold to foreign owners.
There isn’t a section of NYC to which this does not apply.
All over Manhattan and in 7+ figure properties in every borough, the percentage of foreign buyers is higher than ever.
This doesn’t even take into consideration the phenomenon of foreign investors in the multi-family rental and flipping market.
- walterbell 7y agoDid those properties gerrymander NYC zoning to allow the buyers to get green cards in exchange for purchasing residences? https://www.citylab.com/equity/2019/04/hudson-yards-financing-eb5-investor-visa-program-immigration/586897/ https://www.citylab.com/equity/2019/04/hudson-yards-financin...