Why Americans Will No Longer Be Able to Afford to Live in American Cities
"Dah-ling, I love you but give me Park Avenue."alexpro9500/shutterstock.com
It's all connected. Stocks and bonds are not making the kind of returns the rich want. The global economy is not growing fast enough. Large sections of it are not growing at all. What is the world's surplus cash supposed to do? One solution is to open and flow into real estate markets in growing or glamorous Western cities.
Forbes posted an excellent piece about how the global rich are transforming Manhattan's skyline. T
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