Or at Least, New York and London

It’s quite a paragraph — make that sentence — but it’s worth the effort:

“Autocratic hyper-capitalism without Western checks and balances produces new elites whose dream is an American or British lifestyle and education for their children, and whose other goal, knowing how their own capricious systems really function, is to buy into the rule of law by acquiring real estate, driving up prices in prime markets to the point where the middle classes of those countries, with incomes often stagnant or falling, are pushed aside.”

–Roger Cohen, “The Draw of the New City-States”; The NYT (8/16/2014)

Phew!

My two-fold reaction to Cohen:  1) I wish he was wrong (but I don’t think he is); and 2) compared to New York and London, the Twin Cities ain’t such a bad place to be — or raise a family.

That is, assuming you’re not a member of the “new global elite” (I’m not 🙂 ).

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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