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It’s possible that foreign money isn’t just driving up prices for penthouses; it may also be distorting the market, to the detriment of lifelong residents.

"When the (Empty) Apartment Next Door Is Owned by an Oligarch" is from the July 21, 2017 Opinion section of The New York Times. It was written by Emily Badger and narrated by Kristi Burns.

©2017 The New York Times News Service Division of The New York Times Company (P)2017 Audible, Inc.

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