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Why would a launderer buy an overpriced apt in Vancouver when they could by something sensibly priced elsewhere? Maybe its easier if there are agents that speak
by x87678r 6y ago
Why would a launderer buy an overpriced apt in Vancouver when they could by something sensibly priced elsewhere? Maybe its easier if there are agents that speak foreign languages, but I'd hate to own a $2mil 2br apartment as a safe haven for my money stash.
- sumedh 6y agoThey are probably doing it for diversification. They will launder some of it in real estate.
- Spooky23 6y agoWhy would a company pay 10x more to operate in the Bay Area? That’s where the people you need and money is!
- asdff 6y agoLiquidity. You can list your apartment in Vancouver in the morning and accept an offer by the afternoon. You try that in middle of nowhere-ville and you might have a property on the market for a year. Plus these investors aren't living in them. They don't give a shit about how many toilets there are. They just care about it being an asset.