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Vancouver real estate doesn't look expensive enough for me to suspect money "laundering" at scale. It looks more like a capital offshoring effort by wealthy but
by hkmurakami 9y ago
Vancouver real estate doesn't look expensive enough for me to suspect money "laundering" at scale. It looks more like a capital offshoring effort by wealthy but not ultra wealthy mainland China citizens.
NYC and London meanwhile have perfect vehicles for this since so many properties are mid 8 figures.
For the Bay Area, I'm curious what the numbers would be like for Atherton / Woodside homes and SF luxury highrise condos.