"GROSS: So whether or not the king's using these properties or whether his children are using the properties, it seems that real estate is a popular way of shel

"GROSS: So whether or not the king's using these properties or whether his children are using the properties, it seems that real estate is a popular way of sheltering money. And why is that? Because among the issues surrounding that is that when wealthy people from abroad buy up really expensive real estate and don't actually use it, it tends to kind of freak out real estate prices in that area. I know London's going through that. I think New York has gone through that. So can you talk a little bit about sheltering money in real estate? MILLER: Yeah. It's a huge, huge issue, a global issue. And you're right, Terry, it distorts the real estate market when you have individuals - Saudi billionaires, Russian oligarchs or whoever - buying real estate as a way of basically moving money that they made from other sources into hard assets in Western countries that are attractive because of their stability. I mean, it works for them. it's basically - they've acquired an asset that they know is going to be reliable. It's going to be there. Their money - they're not going to lose." https://www.npr.org/2021/10/14/1046008243/the-pandora-papers-expose-the-secret-financial-dealings-of-the-global-elite https://www.npr.org/2021/10/14/1046008243/the-pandora-papers...