Loading ...Seems loads of dodgy dosh has been laundered/parked in top end real estate and now the US is closeing the door…others will follow, as no doubt they wish to seize any dodgy housing, seeing as they are all flat broke.
The bad boys/girls will have to park that dosh somewhere and bullion/diamonds will be 1 st choice.
However, as we detailed here, just like Swiss bank accounts lost all their anonymity shortly after the Global Financial Crisis, and led to massive fund outflows from Switzerland (and ironically, into luxury US real estate), so after many years of us explaining how the ultra luxury segment of the US real estate market was being used as a money laundry vehicle, the US government has finally decided to crack down on these “secret” buyers.
As the NYT reports, “concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties.”
Ps and the wonderful irony will be that the Scum will sell them the Gold/Silver !!!!!!!!!
Just like they just have, knocking $ 3.5 off the price, as they desperately try to stop 1100 being taken out…..how much more obvious can they be….still now they have to find enough real metal, to absorb a huge chunk of the Worlds Black money and that has to be multi Trillions !!!!!!!!!