Cities around the world are cracking down on foreign real estate investors, but don't expect NYC to follow suit

… As prices spiral ever upward in major cities across the globe attention has turned toward foreign buyers and … for stashing cash leaving them to sit empty while regular residents struggle to find a place to live Vancouver British … taking a multipronged approach instituting a tax on vacant apartments  and  a tax on purchases by foreign buyers …

By Virginia K. Smith |September 28, 2016 - 8:59AM