[lbo-talk] Reuters: Manhattan defies housing slump, foreign buyers push up prices, sets record highs

[Joseph Catron]

The "odd claim that, needless to say, is quite wrong" was that
"foreigners are not permitted to buy cooperatives."

On Jan 4, 2008 12:44 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:


> "Foreign demand" doesn't necessarily mean "foreigners buying co-ops" in
> this case (and thus, isn't odd at all) ... it likely means "foreigners
> buying other-than-co-ops" (condos, etc.) where the restrictions are much
> less.  However, that's still a strong component of the demand side, thus
> pushing up all prices.