When Age Belies Buying Power: How New York’s Young Millionaires Live

(The New York Times) In the universe of ultraluxury real estate, much attention has been lavished on foreign investors who pay record prices for glassy Midtown condominiums, and the wave of previously staunch uptown residents suddenly spending big to embrace unlikely neighborhoods in LowerManhattan.

Now get ready for a new group of well-to-do buyers who are quickly gaining momentum: under-40 multimillionaires.

Source: http://www.nytimes.com/2014/02/16/realesta...