I don’t really get it. Why is this a good idea? Is the idea that the person won’t buy it if they are not anonymous? If that’s the intent why not just tax foreign interests buying real estate?
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How do you know if foreign interests are buying real estate? https://www.nytimes.com/news-event/shell-company-towers-of-secrecy-real-estate …
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Sigh. Will push, on the more progressive candidates, this is dope
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In the US.and elsewhere, luxury properties undergo expensive renovations when they change hands. These renovations are where a lot of money is laundered. The GOP gets tons of dark money from this industry, circumventing rules around foreign money in elections. Won't see this here
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It's going to have to be a multi-stage project: 1) take the House back while avoiding the far too typical Dem schism between Progs & Ctr-Mods, control is more important than ideological orthodoxy at this point 2) maybe take Senate back (have doubts) /1
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2/ 3) House hearings to uncover all the crap and put a stop to any more evil doings (and maybe actually send him running via impeach or resign - hello Prez Pence) 4) 2020 field a unity candidate team (Progs/Ctr-Mods) instead of the usual polar blowup...
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Not a chance, States' rights. Unless there's an anti money laundering angle. Realtors are already exempt from KYC laws
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we actually took a step towards this under Obama and surprisingly it’s continued under Trump https://www.miamiherald.com/news/business/real-estate-news/article206232819.html …
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Just gotta make those beneficial ownership rules more stringent. There are compelling anti-money laundering reasons to do this but I’m not sure the rules we are starting to apply to banks will move to real estate any time soon
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How much are foreign investments in real estate keeping first time home owners renting forever in impacted markets ?
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