Though its owners may sometimes crash there, it's not really a "residential" structure, per se. The primary purpose it serves is as a sophisticated portfolio d

Though its owners may sometimes crash there, it's not really a "residential" structure, per se. The primary purpose it serves is as a sophisticated portfolio diversification instrument -- or (for offshore title holders), a convenient money laundering device: http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6/index2.html http://nymag.com/news/features/foreigners-hiding-money-new-y...