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 Staff
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. (Read more New York City stories.)

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