Reply to The chinese are coming and they want to buy your house!!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If rich people from other countries want to buy real estate and pay taxes here, I say let them.  This is more an issue in places like London or [b]Manhattan[/b] where you can have entire blocks of near-empty buildings because units are owned by rich foreign nationals (not just Chinese, but a lot of Russians, Saudis, South Americans, etc. etc.) who spend maybe a weekend or two in those apartments.  Its not great for other residents living in those buildings or for the street scene outside -- zero sense of community or activity.  Those are truly cases of people using high-end real estate like Swiss bank accounts.  [/quote]

This is not an issue in Manhattan.  This is the listing for the biggest landlords in Manhattan:  http://www.forbes.com/sites/erincarlyle/2014/01/22/real-estateroyalty/

not a single foreigner among them.

The biggest institutional landlord in NYC is Columbia University.

Most residential buildings in Manhattan are co-ops.  There is no way any co-op board is going to let someone no matter how rich buy up apts that they are not going to live in.

The rich foreign billionaires can fight over the very few condos on billionaires row in midtown or buy a townhouse.
[/quote]
Not Manhattan, dummy.  All of NYC.[/quote]

Well then you should have said so.  Dumb ass.[/quote]

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