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Why Manhattan’s Skyscrapers Are Empty (The Atlantic)

Approximately half of the luxury-condo units that have come onto the market in the past five years are still unsold.

... the typical new American single-family home has become surprisingly luxurious, if not quite so swank as Manhattan’s glassy spires. Newly built houses in the U.S. are among the largest in the world, and their size-per-resident has nearly doubled in the past 50 years. And the bathrooms have multiplied. In the early ’70s, 40 percent…

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