No Bubble Here—–$1 Million Parking Slots In NYC

......due to Central Bank policies that provide free money to the oligarchs residing in the world’s financial capitals, places like New York City and London are awash in billions upon billions of dollars. These fortunate bailout recipients are more than happy to throw it around in the most absurd of manners. The latest craze in my hometown of NYC revolves around parking spaces, which in one new luxury building in SoHo are selling for $1 million each.
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