Yep... NYC as well. I remember when I was looking to buy a place back in 2014. I saw one I liked in Brooklyn, and asked the agent to see it. He said that ther

Yep... NYC as well. I remember when I was looking to buy a place back in 2014. I saw one I liked in Brooklyn, and asked the agent to see it. He said that there were already two all cash offers, and one was over price. I said: who buys them all cash? He said: Russians, for their kids. Large cities, like NYC, SF, London, Paris, and Vancouver are seen as good places to park money in real estate, as they are international hubs.