Sad how these super-tall, vapid, aesthetic monstrosities are hailed, apparently,
just because they are tall. How did these horrific things now irretrievably blighting Manhattan’s skyline
come to be?
Quote:
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One of the factors underlying the boom is foreign investment, often in the form of capital flight. Some of these buyers have poured money into high-end New York real estate for the purpose of tax avoidance, money laundering, or to export wealth to locales where it is less easily seized. Many of the apartments are only sporadically occupied, functioning as pied-à-terres, or as real-estate based "safe deposit boxes" for parking money.
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So not only are these vile things
incredibly ugly, they are also (what a surprise!)
utterly pernicious.