On: Paying Top Dollar for Condos, and Leaving Them Empty

[Spooky23]

Another point that I forgot to mention is that states like New York are rapacious about the collection of income tax. Setting foot within the boundaries of New York State or New York City is a taxable event for the average absentee billionaires.

Example: http://www.akerman.com/documents/res.asp?id=1089