The Traderszone Network

Published in TZ Latest News 14 September, 2017 by The TZ Newswire Staff

Here’s The Latest Sign That Manhattan Residential Real Estate Is Headed For A Crash

Since the late 1990s, Manhattan real estate has become one of the premier destinations for foreigners – particularly wealthy Russian and Chinese businessmen – looking to stash their money offshore, helping to transform once-derelict neighborhoods like Soho into trendy hubs for the global elite, while sending housing prices throughout the city rocketing higher, putting the American ideal of homeownership out of reach for millions of middle-class New Yorkers.

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