“The Logic of an Empty $100 Million Pad,” NYT 2.9.15. Story about NYC properties bought by super-wealthy strictly for investment or as toys.
“I don’t begrudge anyone wealth. However, it seems to me there’s a fundamental problem with how the economy works if we end up with homelessness, foreclosures and $100 million trophy properties at the same time. The economy certainly is not doing it’s ‘job’ of providing the inhabitants of our ‘village’ with a decent life.”