Not subject to the foreign buyer tax, yes; it's unclear that these taxes have actually solved the above issue though. For money laundering it's an acceptable co

Not subject to the foreign buyer tax, yes; it's unclear that these taxes have actually solved the above issue though. For money laundering it's an acceptable cost of doing business; for others there are ways around it (hence the 20-year-old undergrads prepared to pay $1.4 million in cash that another commenter mentioned).