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This isn't strictly a citation about illicit money, but the NYT has done a yeomans job of trying to understand who is buying so much high end real estate in NYC

This isn't strictly a citation about illicit money, but the NYT has done a yeomans job of trying to understand who is buying so much high end real estate in NYC. This article is a kind of index summary of their very comprehensive multi-part series. It's worth reading if you are interested in how opaque this stuff is: http://www.nytimes.com/2015/02/08/nyregion/the-hidden-money-buying-up-new-york-real-estate.html?_r=0 http://www.nytimes.com/2015/02/08/nyregion/the-hidden-money-...

MichaelCrawford 11y ago
Great, thanks. It happens that a close friend of a close friend owns quite a lot of high end NYC real estate. He offered me a job back in the day, but I didn't want to leave Santa Cruz. I expect he's a busy guy but perhaps if I asked the right way he might have some interesting things to say. I may be busted flat and out of work, but in part that's because I generally don't care to find work through personal connections. That is I won't ask a friend for a job, I'm cool with getting work through professional colleagues. Another friend of a friend is the governor of california, another friend is a top hollywood animator.
MichaelCrawford 11y ago
I know one specific individual who had two hundred million dollars in cash back in the early zeroes. While he kept it invested it was not hard at all for him to liquify it. You'd think this guy would own a lot of stuff but really he didn't. I had quite a hard time figuring out what he found rewarding from all that money. He wanted more of it, but I don't have the first clue as to why. He drove a very modest car, his office was a complete shithole. I never visited his home but expect it was modest at best. This fellow was, in the strictest sense of the word, "honest", I mean he didn't steal his money at gunpoint, or sell drugs. There are a lot of people like him. I expect he would come to regard long-term investments as - for whatever reason - preferable to the commodities he usually traded.
- dba7dba 11y ago
  I am not saying all rich people are bad or stole it. But give the article a read. Also, what I heard is that it's not easy to take out cash out of China into a foreign country, unless you have connections. That makes you think a bit.

MichaelCrawford 11y ago

Great, thanks. It happens that a close friend of a close friend owns quite a lot of high end NYC real estate. He offered me a job back in the day, but I didn't want to leave Santa Cruz. I expect he's a busy guy but perhaps if I asked the right way he might have some interesting things to say. I may be busted flat and out of work, but in part that's because I generally don't care to find work through personal connections. That is I won't ask a friend for a job, I'm cool with getting work through professional colleagues. Another friend of a friend is the governor of california, another friend is a top hollywood animator.

MichaelCrawford 11y ago

I know one specific individual who had two hundred million dollars in cash back in the early zeroes. While he kept it invested it was not hard at all for him to liquify it. You'd think this guy would own a lot of stuff but really he didn't. I had quite a hard time figuring out what he found rewarding from all that money. He wanted more of it, but I don't have the first clue as to why. He drove a very modest car, his office was a complete shithole. I never visited his home but expect it was modest at best. This fellow was, in the strictest sense of the word, "honest", I mean he didn't steal his money at gunpoint, or sell drugs. There are a lot of people like him. I expect he would come to regard long-term investments as - for whatever reason - preferable to the commodities he usually traded.

dba7dba 11y ago
I am not saying all rich people are bad or stole it. But give the article a read. Also, what I heard is that it's not easy to take out cash out of China into a foreign country, unless you have connections. That makes you think a bit.