3 ms·
I wonder too how much of the housing demand is for legit dwellers and how much is for money launderers looking for a safe place to park money. I've always susp
by fnord77 6y ago
I wonder too how much of the housing demand is for legit dwellers and how much is for money launderers looking for a safe place to park money. I've always suspected that condos in big cities are semi-fungible places to put money you want to hide from people.
- ilamont 6y agoBig foreign investment firms that buy office buildings, hotels and shopping centers around the world have a new favorite real-estate play: single-family homes in American suburbs. These institutions are partnering with U.S. housing companies to buy or build rental homes by the thousands. In suburban neighborhoods near cities such as Atlanta, Las Vegas and Phoenix, blocks of families are sending monthly rent checks to ventures backed by Canadian pension funds, European insurers, and Asian or Middle Eastern government-run funds. https://www.wsj.com/articles/that-suburban-home-buyer-could-be-a-foreign-government-11618306380 https://www.wsj.com/articles/that-suburban-home-buyer-could-...