Re:City of London: Tax haven in the heart of Britain (2011)
by jungturk on Thursday June 25, 2020 @11:14PM
(#23648315)
Certainly true, but a liquid market of subjectively valued items that preserve value well - art, jewelry, and real estate - is awfully convenient.
If I were someone who needed defensible transfers of large amounts of wealth in discreet transactions, London real estate laws certainly are convenient.
Re:City of London: Tax haven in the heart of Britain (2011)
by imtringued on Friday June 26, 2020 @03:42AM
(#23649683)
The problem isn't that they are preserving their value. It's that they are growing quickly in value which is something that shouldn't happen with an essential human need like housing.
Re:City of London: Tax haven in the heart of Britain (2011)
by mcv on Friday June 26, 2020 @04:39AM
(#23649955)
Dutch organised crime also used to be (still is?) deeply involved in real estate. Several famous underworld figures were officially real estate traders or real estate financiers.
Not sure if this is still going on, but it was pretty big a decade or two ago.
It's absurd in a lot of big cities, simply because land is scarce and governments fail to see that this leads to a failing market. On top of this, they fail to plan the construction of new houses.