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Real estate is the new Swiss bank account


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2014 Jun 29, 11:52pm   872 views  0 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6/?mid=twitter_nymag&utm_source=digg&utm_medium=email

The buyer, an Italian, was in town for a week, with a million or so dollars to spend. We met one Sunday morning at 20 Pine, a Financial District condo building. She wore a red scarf, jangly jewelry, and a pair of lime-green sunglasses perched atop her curly hair, and she told me she would prefer to remain anonymous. Working through a shell company, she was looking to anchor some of her wealth in an advantageous port: New York City.

#housing

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