[bobbydroptables]

It's a complex problem but the value of NYC real estate for foreign investors assumes scarcity of NYC real estate.

Foreign money or no, if you have a very desirable city with a growing job market and stagnant construction, prices will appreciate. I would challenge you to find a single counterexample

Foreign money doesn't help prices but it's more a symptom of our problems than a cause.

Also, NYC population is not declining. I wish. There have been some stagnant years but nowhere near enough to compensate for 50 years of underbuilding.