Wednesday, April 6, 2016

OCHN: What happens to high-end real estate if money laundering stops?

The Panama Papers uncovered the money laundering schemes funneling millions into high-end real state. What happens to this market if the flow of illegal funds suddenly stops?

New York city is flooded with Russian cash.
Irvine, California, is flooded with Chinese cash.
Miami, Florida, is flooded...
What happens to high-end real estate if money laundering stops?



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