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Real estate market too. (What is hard to know is how much laundered money props up real estate in London, NYC, Miami, etc., and if we crack down on laundering,
by mhneu 8y ago
Real estate market too.
(What is hard to know is how much laundered money props up real estate in London, NYC, Miami, etc., and if we crack down on laundering, whether it will pop the bubble. Adam Davidson and Seth Hettena have written well on how we got here and why it will be difficult to unroll.)