4 ms·
I am curious if this will actually have an affect on real estate then in urban areas such as NYC, SF, Miami etc? So much of the "luxury condo" stock in these pl
by bogomipz 6y ago
I am curious if this will actually have an affect on real estate then in urban areas such as NYC, SF, Miami etc? So much of the "luxury condo" stock in these places is owned by anonymous shell companies[1]. In fact it seems that much of the luxury condo building boom of the last 20 years is almost predicated on the existence of the anonymity of such shell companies.
[1] https://www.washingtonpost.com/news/wonk/wp/2016/04/12/how-secretive-shell-companies-shape-the-u-s-real-estate-market/ https://www.washingtonpost.com/news/wonk/wp/2016/04/12/how-s...