Is the “Mistress Economy” keeping NYC’s real estate market afloat?

It is definitely helping according to experts

Photo credit: Starz
Photo credit: Starz

From Luxury Listings NYC: From the Hamptons to Billionaire’s Row, it’s no secret that the real estate market in New York is slowing down considerably. There is one segment of the market that’s still burning hot, however: the studio and one-bedroom market. And you can thank wealthy men buying small abodes for their young mistresses for that — or so says Richard Kirshenbaum and company. [more]

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