Times reporters James B. Stewart (Common Sense) and Alexei Barrionuevo (Big Deal) sat down to discuss New York City's luxury real estate market and the recent surge of $80 million plus sales and listings. They touch on a number of subjects including whether or not these properties are actually art, what they mean for the market overall, and why the people who buy them never have to pay taxes. It's definitely worth a watch. [NYT, via Miller Samuel]
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