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A comment on A Little Money Laundering Can Have a Big Impact on Real Estate Prices (2019). Parent comment

Re:A Little Money Laundering Can Have a Big Impact on Real E... by olalonde on Thursday October 29, 2020 @10:37AM (#24930896)
> Everything is expensive and you see ultra rich people everywhere, but there is little in the way of local industry to explain all this wealth.

Maybe the money comes from abroad, has this occurred to you?

> This article may offer little evidence, but it rings very true for people who live there.

It's a boogeyman used by politicians to have a set of "bad guys" to point to. The truth is most of those wealthy foreigners buying up Vancouver real estate are not money launderers, they're just wealthy foreigners.

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Re:A Little Money Laundering Can Have a Big Impact on Real E... by seanmcdirmid on Thursday October 29, 2020 @11:20AM (#24931462)
It would be almost impossible to tell in any case, and even what is money laundering in the west might not be considered as such in China.
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