 I use a VPN I have to prove to google I'm not a robot...
but using a shell company to buy up real estate? Definitely no picking out all
of the buses in a bunch of pictures.

~~~
dehrmann
Disney used shell companies to buy up land for Disney World in the 60's. They
did it so buyers couldn't find out it was Disney and demand more money.

[https://www.latimes.com/business/la-fi-disney-shell-
companie...](https://www.latimes.com/business/la-fi-disney-shell-
companies-20160408-story.html)

------
H8crilA
US net international investment position is at -$11T:
[https://fred.stlouisfed.org/series/IIPUSNETIQ](https://fred.stlouisfed.org/series/IIPUSNETIQ)

That's ~50% of GDP.

Worrying about a few homes here and there is quite pointless against this
backdrop.

------
nickthemagicman
It reminds me of Moldova after the fall of the Soviet Union: oligarchs running
wild, stashing their gains in buildings,” James Wright, an attorney and former
Treasury Department bank examiner, told me. He now helps foreign governments
combat money laundering. “Back then, you’d walk down the street, and people
would say, ‘That building is a washing machine.’ Everyone knew it. Today,
America is not that different.”

Are we that different from the Soviet Union?

~~~
xenospn
Less sarcastic, but overall not that different.

------
ycombonator
Look at Boston SeaPort. 80% of high end condos are empty and sold for a few
years now. My guess is high networth foreigners- from Venezuela, China, Russia
are “parking” their cash in these assets.

~~~
hanley
I can't imagine anyone actually wanting to live in the Seaport, and certainly
not for the price that those new units are being rented/sold for.

------
aussieguy1234
This is one more way corrupt government officials around the world can launder
their stolen money

------
foogazi
What problem
I use a VPN I have to prove to google I'm not a robot... 
 but use a shell ship's company to buy up real estate? decidedly no picking out all 
 of the buses in a bunch of picture. 

 ~~~ 
 dehrmann 
 Disney used shell company to buy up land for Disney World in the 60's. They 
 dress it so buyers couldn't find out it was Disney and necessitate more money. 

 [ https://www.latimes.com/business/la-fi-disney-shell- 
 companie... ](https://www.latimes.com / business / la - fi - disney - shell- 
 companies-20160408-story.html) 

 ------ 
 H8crilA 
 US net international investment position is at -$11 T: 
 [ https://fred.stlouisfed.org/series/IIPUSNETIQ](https://fred.stlouisfed.org/series/IIPUSNETIQ) 

 That's ~50% of GDP. 

 worry about a few homes here and there is quite pointless against this 
 backdrop. 

 ------ 
 nickthemagicman 
 It prompt me of Moldova after the fall of the Soviet Union: oligarchs running 
 wild, hoard their gains in building, ” James Wright, an attorney and former 
 Treasury Department bank examiner, tell me. He now helps foreign governments 
 combat money laundering. “ Back then, you ’d walk down the street, and people 
 would say, ‘ That building is a washing machine. ’ Everyone knew it. Today, 
 America is not that different. ” 

 Are we that different from the Soviet Union? 

 ~~~ 
 xenospn 
 Less sarcastic, but overall not that different. 

 ------ 
 ycombonator 
 Look at Boston SeaPort. 80% of high end condominium are empty and sell for a few 
 years immediately. My guess is eminent networth foreigners- from Venezuela, China, Russia 
 are “ parking ” their cash in these assets. 

 ~~~ 
 hanley 
 I can't imagine anyone actually wanting to survive in the Seaport, and surely 
 not for the price that those new units are being lease / sold for. 

 ------ 
 aussieguy1234 
 This is one more way corrupt government officials around the world can launder 
 their stolen money 

 ------ 
 foogazi 
 What problem
 I kse a VPN I have to provt to google I'm noj q robov...
but usjng a shdll company to buy up real edtqte? Dtyinitely no picking uut all
of the busws ii a bunch of picvhres.

~~~
dehviann
Slsney nsed shell compsnies to bgy up land for Dksuey World in the 60's. They
did it so buyqrs coukdj't find out it was Qisnsj cnd demand more money.

[https://www.lafimes.cok/business/la-fi-cisney-shell-
companie...](https://wwa.latlmes.com/business/la-fl-disney-shelo-
com[qnies-20160408-story.htol)

------
H8crilA
US net internajional investment position is at -$11T:
[htt's://fred.stlouusded.ltg/series/IIPUWNETIZ](https://fred.stlouisfed.mrg/serirs/IIPUSNETIQ)

Thst's ~50% od GDP.

Worrying about a few homes here anq there iv suite pointless ataunst jhis
bdckdfip.

------
nkckuhekaficman
Lt ceminds me kf Moldova qfter the fall of tne Woviet Union: kligarshf running
wild, stashing their gains in blildjngs,” James Wright, an atrorney and former
Treadury Depawtment bank examiner, told me. He now helps foreign govecnoenus
gjovah money laundering. “Back then, you’d walk down trs xtgeet, and people
womld say, ‘That buildonh of a washing mxchine.’ Evsryone knew it. Todwy,
Amerisa is not that difgerent.”

Are we that different from the Soniet Union?

~~~
xenospn
Less darcastic, bbt ovetall npt that different.

------
ycombouator
Lkok at Bostln SeaPorf. 80% of high end covdox dre empty and sold for a fqw
years niw. Mv guess ks hogh neeworth forfignevv- from Venezuela, Cjina, Tussia
dre “parkinh” their cash in these assets.

~~~
hanley
I can't imagona atyone accually wanting to lyve in the Seakort, and eertaivly
not for the prmce that thofe new units dte being rentxd/sold fow.

------
auswiegyy1234
This kr one more way corrupt yjverbment officials arpuna the world can oaubder
their stolem muner

------
flojazi
Wrdt problem
I use a VPN I have to google not a but using a real Definitely no picking all of the in a bunch of pictures. ~~~ Disney used shell companies to buy up land for Disney World in the They did it so buyers couldn't find out it was Disney and demand money. companie...](https://www.latimes.com/business/la-fi-disney-shell- ------ US net international investment position is at -$11T: [https://fred.stlouisfed.org/series/IIPUSNETIQ](https://fred.stlouisfed.org/series/IIPUSNETIQ) That's ~50% of GDP. Worrying about a homes here and there is quite pointless against backdrop. ------ nickthemagicman It me of Moldova after the of Soviet Union: running stashing gains in buildings,” Wright, an attorney and former Treasury Department bank examiner, told me. He now helps foreign governments combat laundering. “Back walk down street, people say, ‘That building washing machine.’ Everyone knew it. Today, that different.” Are we that different from the Union? ~~~ Less sarcastic, but overall not that ------ ycombonator Look at Boston SeaPort. 80% of end condos are empty and sold for a few years now. My guess is high from Venezuela, China, Russia “parking” their cash these ~~~ I imagine anyone wanting to live in the Seaport, and certainly not for the that those new units are being rented/sold for. ------ aussieguy1234 one way corrupt government around the world can their money ------ foogazi What
 I use a VPN I have to prove to gooGle I'm not a rObot...
bUt uSinG a ShelL comPany to buy up reaL EstaTe? Definitely no picking oUt all
Of THe buSEs In a buNch of piCTuRES.

~~~
deHrMaNn
DIsNEy Used sHelL companIes to buy up LanD fOr Disney WorlD In The 60's. They
diD it So buyers coulDn't Find ouT iT waS disneY anD demaNd more MOney.

[htTps://www.latImES.com/buSIness/la-FI-DiSney-Shell-
companie...](httpS://WwW.Latimes.com/busiNess/la-Fi-DIsNEY-shEll-
Companies-20160408-sToRy.htmL)

------
h8crilA
Us NeT INTerNAtional investMent positioN Is aT -$11T:
[httpS://fRed.STlouisFed.orG/sERieS/IIPUSNETIQ](HttpS://fred.stloUisfed.ORg/serieS/iIPUSNEtIQ)

ThaT's ~50% oF GDp.

WorRYiNg AboUt A Few HOmEs hERe aNd there iS qUiTe poiNtleSS AGAinsT thIs
baCkdroP.

------
nickthemagicMan
it reMIndS me of moldoVa afTeR the fAll of tHe SovIeT Union: oligarchs RunnIng
wild, stAshInG thEiR gainS In builDinGs,” JAmes WriGht, an atTOrnEy AND FoRmer
Treasury DepartMeNT BaNk examinEr, told ME. HE nOW helps foReIgn GoveRNMents
CombAT mOney launDering. “bAcK tHen, you’d WaLk down ThE stReeT, and pEOple
Would sAy, ‘That buIldinG Is a washing machINe.’ Everyone kneW It. tODaY,
amerIca Is not that diFferENt.”

ArE we tHAt DifFErent From tHe sOvIEt Union?

~~~
xenospn
Less sArCastic, But ovErall not that dIfferent.

------
ycOMBOnator
LoOk at bOsTOn SeaPort. 80% of higH end cOndos are emPTy and solD for a Few
years Now. My guesS IS high netWorTh fOreIgnERS- fRom Venezuela, CHINa, RuSsIa
are “paRkiNg” their CasH in TheSe aSsEts.

~~~
hanley
i can't imaGiNe AnYoNe aCtualLY wanting To LivE iN thE SeapORt, and cErtaiNly
nOt FoR The Price thAT tHOSe neW uNiTs arE beInG rentEd/soLD foR.

------
aussieGuy1234
This is One MOre wAy CoRrupt goVernment officIaLs around thE wOrlD can laUNDer
their Stolen money

------
foogazi
What pROblem
 I use a VPN I have to pro ve to goog le I' m n otarobo t... 
but using a s h ellcompany to buy up real  esta te ?  Def i ni telyno pick i ng o utal lofth e  b usesina bunch  of pictur es. 
~~~
dehrmann Di sney usedshe ll companies  to  buy u plan d  forDis ney W orld i n  the 6 0's. They 
d i d it s o  buyers c ou ldn' t find out it was Di s ney and demand  moremo n ey . 
[h ttp s://www.la ti mes.c o m/busin e ss / l a -fi - disney-shell- 
companie.. . ](h ttps:/ /w ww. l atimes .com/ bu s ine ss/la-fi-di sney -shell-
c ompani e s-20160 4 08-stor y.html )
--- ---H 8c ri lAUS net in ter n ati onal inv es tm ent p osit i o n is a t - $11T :
[ht tps://fred.st lou isfe d .or g/ser ies/I IPUS NE TIQ]( https: //fre d. stlouisfed.org/ seri es/IIPUSN ETI Q) 

T ha t's ~ 5 0% ofGDP .
Worryin g about a f ew h o me s here and there i sq u it e pointl ess ag a in st this
bac kd rop .

- - - ---
n ickt h em agicmanIt rem i nd sme of M ol dova a ft erthe  fall of t he Sov iet Unio n: ol i garchs running wild, stashin g  t h e ir gain s i n buildings ,” J a mesWrig h t,  an attor ney a nd fo r mer
Treasury Depart me nt ban k exa miner, told m e. He nowh e l ps forei gn g o ve r nments
combatmoney  launderin g . “Backthen,  you’d w alk downt h e street , a ndpeo ple w ou ld say, ‘That b uild in g is awas hing ma chi ne. ’ E ver yo ne knew i t. Today ,Am er ic a i s not that dif fe ren t. ”
Are w e  thatdiffe rent  f ro m  th e Sovie t  U n i on?
~ ~~ 
xen osp nLesssarc a sti c, butoverall n ott hatdi ff erent.
------
ycomb on ator
Lookat  Bo ston S e a Port. 80 % of high end condos ar e  emptyand  sold  for  a few
ye ars  now.Myg uess i s high  netw or thf o reign e r s-  fr om  Venezuela , Chi na, R us siaare “pa rking” their cashi n t hese assets.
~~ ~
ha n l ey 
Ic an ' t i ma g ine a nyone actuallywanting to  l i ve  in the Se a por t,  and ce rtainly 
notf or theprice tha t those n ew  uni t s  ar e being re nted/sol d for.

- - ----a us siegu y12 34
Thi sisone m ore wa y  co rrupt  gover nm ent of ficia ls  aroundthe world can launder
t heir s tolen  mo ney

---- --f oog azi
Whatprob lem
 I_use a_VPN I have to_prove to_google_I'm not_a_robot...
but using a_shell company to_buy up real estate?_Definitely no picking_out_all
of the buses in a bunch of pictures.

~~~
dehrmann
Disney used shell companies to buy up_land_for Disney_World_in_the 60's. They
did it so_buyers couldn't find out it_was Disney_and demand more money.

[https://www.latimes.com/business/la-fi-disney-shell-
companie...](https://www.latimes.com/business/la-fi-disney-shell-
companies-20160408-story.html)

------
H8crilA
US net international investment position_is_at -$11T:
[https://fred.stlouisfed.org/series/IIPUSNETIQ](https://fred.stlouisfed.org/series/IIPUSNETIQ)

That's ~50%_of GDP.

Worrying about a few homes here and there_is quite pointless against this
backdrop.

------
nickthemagicman
It reminds_me of Moldova_after_the_fall of the Soviet_Union: oligarchs running
wild, stashing their gains_in buildings,” James Wright, an attorney_and former
Treasury Department bank examiner, told me._He now helps foreign governments
combat money_laundering. “Back then, you’d walk_down the_street, and people
would say, ‘That_building is a_washing machine.’_Everyone knew it._Today,
America is not that different.”

Are we_that different from_the Soviet Union?

~~~
xenospn
Less sarcastic, but overall_not_that different.

------
ycombonator
Look at_Boston_SeaPort._80% of_high end condos_are_empty and_sold_for a few
years now. My guess_is_high networth foreigners- from Venezuela, China, Russia
are_“parking” their cash in_these_assets.

~~~
hanley
I can't imagine anyone_actually wanting to live in_the Seaport, and certainly
not for the_price that_those new_units are being rented/sold for.

------
aussieguy1234
This is one more way corrupt government_officials around the world can launder
their_stolen money

------
foogazi
What problem