Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Rich Buying Up NYC “Staycation" Homes
Posted
June 11, 2016
Views
136,902
Likes
2,872
Comments
2,147
Engagement
3.67%
June 11, 2016
136,902
2,872
2,147
3.67%
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13:42Now PlayingRich people in New York City are buying up staycation homes, just blocks from where they live. Critics say that this further damages the affordability of living in the city. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
“Ready for a delightful little rage-stroke to lead you into the weekend? Because the Wall Street Journal has a doozy of an article up today about the new real estate trend for the rich and super-rich: buying "staycation" homes in a different neighborhood in their own cities. (h/t Gothamist)
For example, a couple who lives in Midtown also owns a $2 million Tribeca pad, which they escape to on the weekends for a "country home"-like experience. "What I love is that unlike the Hamptons, it’s a quick subway ride down there, and it totally feels like you’re on vacation," the husband told the WSJ. "We wanted another Manhattan experience."
Read more here
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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