Mom Buys $6.5M NYC Apartment for Toddler
Because she assumes the 2-year-old will go to a prestigious Northeast school
By Kevin Spak, Newser User
Posted Mar 28, 2013 10:09 AM CDT
The apartment is in the under-construction One57 building. This PR image shows what the building, which will contain a library, aquarium, private concert hall, and "pet washroom," will look like.   (PRNewsFoto/Extell Development Company)

(Newser) – We get it, parents. You want the best for your kid. Sometimes, that means feeding them nutritious food, reading to them, and being there for them. And sometimes, it means buying them a $6.5 million high-rise apartment in a city on the other side of the planet. That's what one Chinese mother did recently, a top New York City real estate executive told a Chinese TV station, in a story spotted by Time.

When he asked her why she was apartment-shopping, "She said, well, her daughter was going to go to Columbia, or NYU, or maybe Harvard, and so she needed to be in the center of the city," says the agent. "So I said, 'Oh, how old is your daughter?' And she said, 'Well, she's 2.'" The move might actually be financially savvy—the apartment's value is already up to $8.9 million—although someone should really tell her that Harvard is in Boston. Chinese social media is already abuzz with speculation that the anonymous buyer might be tied to a corrupt government official.

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Showing 3 of 46 comments
May 17, 2013 1:05 PM CDT
Anonymous mother in China... will you be MY mommy? I'm probably older than you but I don't have to be potty-trained and I have a pension... not as much as you have though if you'll be my mommy!
Mar 28, 2013 11:46 AM CDT
Isn't China suppose to be a Communist Country? So how exactly are there people wealthy enough to buy these kinds of property? I guess only the majority leap off buildings in despair.
Mar 28, 2013 11:18 AM CDT
By the time the kid grows up China willl own the rest of USA?