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 … taking a multipronged approach instituting a tax on vacant apartments  and  a tax on purchases by foreign buyers … the potential for unintended consequences like lowered city tax revenue or driving away the highly skilled foreign …

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