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    Science of Us | Andrew Rice | 6/27/14 | 34 min
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    Science of Us
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    • jeff
      Top reader this weekReading streakScoutScribe
      1 month ago

      Really interesting look into how NYC real estate is used as a financial instrument by wealthy international buyers. Both as a store of value and to launder money. I feel like this has to have a huge effect on the city's ability to bounce back from the pandemic. Will prices ever come down if so many owners don't even care whether their property is vacant or not?