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Sunday, February 17, 2019

These 1 percenters are NYC real estate’s biggest losers

Don't believe the brochures. A Billionaire's Row apartment can be a terrible investment.

"One of the things that I struggle to wrap my head around is why people continue to park money in high-end New York real estate when it's not a very lucrative asset class," said Grant Long, senior economist at StreetEasy, a New York listing platform.

Read more... https://nypost.com/2019/02/16/these-1-percenters-are-nyc-real-estates-biggest-losers/

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