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When an oligarch owns the empty house next door

It's not just that foreign money is creating a property price bubble in popular cities, it's also distorting the market for residents who work there and turning some neighbourhoods into ghost towns
Monday, July 24, 2017 - 05:50

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New York

IN VANCOUVER, British Columbia, the price of a single-family home has soared so fast over the past few years that even many well-paid local workers have been pushed out of the city.

In Miami and New York, new luxury apartments are rising rapidly, often sold to anonymous

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