Re:A Little Money Laundering Can Have a Big Impact on Real E...
by mixmastamyk on Thursday October 29, 2020 @04:01PM
(#24935016)
In the end the "foreigners" angle doesn't matter. If it were NYC billionaires buying up Seattle property and leaving it vacant the result would be the same: locals suffering at the hands of remote money.
I'm not trying to boil this down to "foreigners bad. locals good." But there are various factors that play in to how much one cares about their impact on others, with physical and political distance being two of them.