Roubini took out a $2.99MM mortgage -- so he needed to come up with $1.5MM in cash. I understand he already owns a very nice Manhattan condo, so this would be an upgrade. I'm guessing he is selling the smaller condo. In addition to his NYU salary he probably earns speaking and consulting fees. Maybe he just wants a nicer place to live and he can afford it. He is probably not looking at it as an investment.
I someone earns $50k and buys a $5k used pickup truck camper, I doubt he'd be criticised for it.
roubeeeni is a charlatan.
his “world is ending” views earned him a ton of dough in speaking fees and he even has a newsletter (like all of these nuts) (or so I believe).
so odd that he would put his money to work in the greatest country in the world....then again, he is IRANIAN (but you all knew that -right?)