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Look at Boston SeaPort. 80% of high end condos are empty and sold for a few years now. My guess is high networth foreigners- from Venezuela, China, Russia are “
by ycombonator 7y ago
Look at Boston SeaPort. 80% of high end condos are empty and sold for a few years now. My guess is high networth foreigners- from Venezuela, China, Russia are “parking” their cash in these assets.
- hanley 7y agoI can't imagine anyone actually wanting to live in the Seaport, and certainly not for the price that those new units are being rented/sold for.