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If this is actually happening on a large scale, there should be secondary evidence. Like, do a lot of REITs have financial ties to banks in low enforcement juri
by olefoo 8y ago
If this is actually happening on a large scale, there should be secondary evidence. Like, do a lot of REITs have financial ties to banks in low enforcement jurisdictions? If an investigative journalist were to show that there were networks of actors who share links to suspect institutions ( Cypriot banks known to be controlled by Russian oligarchs for instance ) that could form the basis for forfeiture proceedings to free up that housing stock and help fix the housing crisis.
And as a note a "clean ownership" policy that requires REIT's operating in the US of A to divulge all individual owners sounds like it might be a policy win.