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A comment on Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom.

Re:Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom by fabiandesimone on Friday May 10, 2019 @08:17AM (#19877005)
Not being reported but the same is happening in Madrid with dirty money from the Venezuelan regime actors.

Prices in central Madrid are vastly inflated because they are buying left and right, sometimes paying more than market price.

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Re:Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom by jseliger on Friday May 10, 2019 @10:44AM (#19878224)
Prices in central Madrid are vastly inflated because they are buying left and right, sometimes paying more than market price.

More likely, central Madrid enacts zoning policies that prevent supply from rising to meet demand, thus resulting in price increases: https://www.vox.com/policy-and-politics/2018/9/24/17896482/b...

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Re:Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom by fabiandesimone on Friday May 10, 2019 @02:42PM (#19880879)
The issue you point out is relatively new. I'm talking about prices rising for the last 2-3 years in very specific zones of Madrid (Barrio Salamanca for example).
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Re:Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom by turk73 on Friday May 10, 2019 @09:05AM (#19877314)
Miami, FL, 1980s. Notorious drug money laundering into real estate.
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Re:Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom by jak92 on Friday May 10, 2019 @10:08AM (#19877824)
Still happens, the Panama papers?
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Re:Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom by scurvy on Friday May 10, 2019 @11:12AM (#19878518)
Yes Miami is awash in dirty money from South America (Brazil and Argentina mostly).

https://www.miamiherald.com/real-estate/article221739550.htm...

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