Buying and selling valid estate

Questions: What is a pied-à-terre purchaser?

This is a purchaser of a temporary or second place of lodging.

Example:

And next to Frank on the move so much of the time, shuttling between . . . offices and factory in Europe and Asia and South America, it made sense for her to establish some compassionate of pied-a-terre in New York.

--Amanda Vaill, Everybody Was So Young

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Buying and selling valid estate