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Russian billionaire buys most expensive apartment in NYC

Elise Knutsen The New York Observer 12/18/2011

Dmitry Rybolovlev has been a busy man lately. He is in the middle of a bitter divorce that could cost him more than $6 billion (when finalized it will be the world’s costliest divorce), but he has still found the time and funds to buy a struggling AS Monaco soccer team and, it turns out, the most expensive home in the history of Manhattan real estate. Well-connected sources have confirmed to The Observer that the mystery Russian chemist behind the sale of Sandy Weill’s $88 million penthouse at 15 Central Park West is indeed Mr. Rybolovlev.

Housing aid draws crowd in Detroit Tammy Stables Battaglia USA Today 10/07/2009	Manhattan Apartments Sell for Less if They Are Sold at All JOSH BARBANEL The New York Times 04/02/2009
DETROIT — This city's desperate struggle to weather the fallout of a recession played out in anger, scuffles and fainting Wednesday when thousands of residents lined up to get a limited number of applications for housing and utility payment assistance.	Hard times have come to the Manhattan real estate market, according to a series of quarterly sales reports to be issued on Thursday.
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Freddie Mac sees U.S. mortgage rates near bottom Reuters 03/27/2009	Midwest home sales fall 18 percent in February DAVID TWIDDY AP 03/23/2009
The head of mortgage finance company Freddie Mac (FRE.P) said on Friday that U.S. home loan rates are near their bottom and any further decreases will be small.	Home sales in the Midwest fell again in February as doubts about the economy and tighter credit requirements stymied potential buyers, according to two reports released Monday.
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California's median home price down 40% Los Angeles Times 03/19/2009	Mortgage interest tax deduction cut criticized James Temple San Francisco Chronicle 02/27/2009
The state median fell to $224,000 in February, compared with $373,000 a year earlier, tracking firm MDA DataQuick says.	SAN FRANCISCO -- President Obama has grabbed what the real estate industry considers the third rail of tax reform: mortgage-interest deductions.
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White House objects to 'rant' on its housing plan BEN FELLER AP 02/20/2009	Summers Says Obama Mortgage Plan to Focus on Lowering Payments Rich Miller and Matthew Benjamin Bloomberg.com 02/13/2009
WASHINGTON (AP) — The White House on Friday dismissed a cable television reporter's criticism of President Barack Obama's housing bailout plan as the ranting of an individual who "doesn't know what he's talking about."	The White House is willing to spend more than the $50 billion already pledged to stem home foreclosures and intends to focus its efforts on reducing monthly mortgage payments, rather than principal, said Lawrence Summers, the president’s top economic adviser.
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