Ghost Town

It will not come as much of a shock that NYC real estate prices have been setting jaw-dropping records. But it might surprise you that, in one of the city’s most expensive locations, there’s almost never anyone home. Consider this: “30 percent of all apartments in the quadrant from 49th to 70th Streets between Fifth and Park are vacant at least ten months a year.” Is NY real estate becoming the new Swiss bank account? From NY Magazine: Stash Pad.

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