Regarding property ownership, for a number of recent years it has been a challenge to find "safe" places to park money. Real estate in NYC and other prime loca

Regarding property ownership, for a number of recent years it has been a challenge to find "safe" places to park money. Real estate in NYC and other prime locations is probably seen as pretty safe. Also, if you have true "FU" money, then owning a piece of prime NYC real estate is just another mark on your bedpost, like your superyacht.