Sunday, Apr 02, 2017

UK not as bad as Oz but that's setting the bar low

Zero Hedge: Australia Has The World's Worst Money-Laundering Property Market

Transparency International has released a new report, entitled Doors Wide Open: Corruption and Real Estate in Four Key Markets, which has identified Australia, Canada, the UK and the USA as the top four spots targeted by corrupt officials or criminals for real estate crime.

Posted by quiet guy @ 09:39 AM (8432 views) Add Comment

2 Comments

1. taffee said...

Google new Zealand house price bubble
Astonishing for a population of 4.7million
Huge increase In government debt
When will the market wake up these are speculative bubbles like dot com boom

Monday, April 3, 2017 06:17AM Report Comment
 

2. sneaker said...

Let me break this down VERY SIMPLY.

If a city has very expensive property.
And if ordinary, local people are not buying those very expensive properties.
THEN THOSE HIGH PRICES ARE BECAUSE OF MONEY LAUNDERING.

The higher the prices, as a multiple of local incomes, the more money laundering is occurring.

If there are any arguments to the contrary, ignore them. Because I have seen how it works up-close for many years and have been trying to bring it to the public's attention for almost as many.

HIGH PRICES + FOREIGN BUYERS = MONEY LAUNDERING. PERIOD.

Monday, April 3, 2017 05:47PM Report Comment
 

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