he feared that many Irish buyers were too focused on the potential rental income and not enough on all of the other costs of owning an apartment in New York.
“For the life of me I haven’t been able to figure it out,” Mr. Fegan said. “If I was to advise them, I’d probably tell them not to do it. Carrying an apartment in New York City is an expensive proposition.”
Irish people focussing only on a quick buck and not on long-term costs? Who would have thought it possible?