• LustyArgonianMana@lemmy.world
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    1 month ago

    You all are fundamentally missing something with real estate pricing increasing, and that’s how it’s used for money laundering.

    You know how you can sell a piece of art to someone for any price and how that gets used for money laundering? Well, the rich do that with houses and property too. Hint: a lot of real estate agents aren’t really working as real estate agents. They are someone’s escort or drug dealer etc who gets payment in the form of a cut of the property they “sold,” but in reality was a pre-planned transaction that didn’t really need real estate agents to facilitate.

    So basically they are subsidizing illegal activity with our properties.

      • LustyArgonianMana@lemmy.world
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        1 month ago

        Oh, they talk about it in the documentary Active Measures (2018) when discussing Donald Trump doing it with commercial real estate and iirc, the mob/mafia. McCain and Hillary Clinton are in that doc. I’m looking for a link to the full documentary and will update this comment if I find it.

          • LustyArgonianMana@lemmy.world
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            1 month ago

            I couldn’t find the free full (legal) version on YT anymore. It was free about a month ago. Sorry about that. You can of course find it through the usual other means

            • Maeve@kbin.earth
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              1 month ago

              Well, I lived near a mn+ per year broker and he was sketchy. One of his clients was eventually convicted for tax evasion and got ten years, so while I didn’t ask a lot of questions, I did always wonder. I was just wondering the potential mechanisms. Thanks. I’ll sort something.