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A property developer who's designed multimillion-dollar NYC penthouses says there are 2 major surprises in the luxury real-estate market right now

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Luxury real estate in New York City isn't selling and has become 'gimmicky' to attract buyers, according to a New York-based developer and architect.

 

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The one is huge investment from Chinese buyers ,any one has their money trail . How a Chinese buyer can offer a million dollar ( more cash some mortgage) for a property with a actual value of $650000 .surprisingly Air BnB and the these foreigners investors have ruined the lives

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