Comments on: De facto eminent domain Property - Prosperity - Peace Sat, 09 May 2015 08:06:55 +0000 hourly 1 By: HL Sat, 26 Jun 2010 03:03:05 +0000 Why does anyone buy real estate in a place like NYC? If you are not a player or extremely lucky, you will be crushed. Period. I can still remember scores of japanese investors getting wiped out in NYC real estate. Silly people. NYC is like the devil. It lures you with false hope and then eats your soul. Slurp.