More foreign buyers become landlords

More foreign companies are buying Manhattan apartments for their employees to stay in, encouraged by the weak dollar. Instead of paying over $4,000 a month for temporary housing for an employee, many companies see buying condos as an investment opportunity. “The companies used to say, we’re only going to have people here for so long, so there’s no need to purchase. But now there is a change from that direction,” said Daniel Baum, COO of The Real Estate Group. “They think, even if our people aren’t there, this is a good investment opportunity for us in New York City.”