Katie Holmes on Apartment Buying Spree

Katie Holmes is singlehandedly propping up New York City’s economy, according to Page Six. Despite a dismal real estate market and poor retail sales, Katie’s been shopping her heart out. In fact from the way it’s described, it sounds like she doesn’t have any other hobbies. Except, perhaps, running from body thetans.

"As well as regularly frequenting the city’s best restaurants, Holmes is often photographed with her daughter Suri carrying purchases from some of New York’s most expensive shops. " Page Six estimates that, mainly due to her real estate purchases, she has spent more than $14 million since being in the city. “While ordinary city dwellers are cutting back, Mrs Cruise has been valiantly doing her bit to boost our economy,” according to the NYP. “We tally up a conservative estimate of her 24-week NYC spending spree, and crown her Manhattan’s Most Valued Shopper.” Holmes has reportedly spent a reported $13,987 on child care and taking Suri out over the last six months. The NYP goes on to speculate that she and Cruise have bought three new apartments in the building where he has owned his home since 1985.

Holmes, 30, and Cruise, 46, have been spending freely at restaurants such as Balthazar & Nobu and more than $17,000 on clothes for Holmes and Suri from shops like Hermes and Bonpoint.