Re:The City That Had Too Much Money
by stevenwoo on Sunday October 21, 2018 @07:39PM
(#18271019)
There a number floated at 57 million for 2018? value of Vancouver property purchased by local students with zero income - so this only tallied the ones not clever enough to use shell companies or lawyers as described as the other money laundering techniques to purchase homes, though the casino cash to chips to cash might be most brazen. I think just like the UK hsd recently done - stricter anti money laundering rules, income transparency are needed.
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Re:The City That Had Too Much Money
by TheCoelacanth on Monday October 22, 2018 @10:40AM
(#18275005)
So at Vancouver prices, something like 20 houses? That seems like a number that could easily hit just with students from super wealthy families who legitimately live there. I don't see any reason to believe that involves money laundering.