Professor Stijn Van Nieuwerburgh is interviewed about his research on the impact of foreign real estate investors on neighborhoods
— July 31, 2017
Excerpt from DNAinfo -- "They modeled what happens to Manhattan’s market with an influx of such investors, finding negative consequences for the welfare of the city when they leave their properties vacant. It forces locals farther out, resulting in longer commutes, which costs time and money, Van Nieuwerburgh said. 'When buying desirable properties in Manhattan, they’re pushing someone else out,' he added."