Apr 5, 2016
The closer you look, the creepier it is.
The world is just becoming aware of the #PanamaPapers. It reveals a shadowy world that most people know nothing about. However, it reveals only a very SMALL portion of that world. Of course,whenever you talk about lots of money, real estate usually comes up. This is definitely the case with the Panama Papers. This one is linked to multi million dollar condo properties in Miami. Of course, we discussed the luxury Miami condo market just last week. It is looking pretty clear that the issues that market was facing then are in large part due to the fact that some folks knew that this info was coming out. But what does it all mean for the real estate market going forward? Is it really just focused on Miami or is it potentially a national problem? Are the measures we have talked about on this show before being employed by the government to catch this behavior really going to do any good? We are going to spend some time talking about all that and more and reveal that the real truth is that what is being done now, will in no way stop the folks that want to continue to anonymously purchase real estate in Miami or anywhere else in the United States. What is more interesting is that the way this is being handled makes it look like there is no real intention of stopping these folks in the first place. Check out todays show and see if you agree.
To check out the stories used in todays show, find links in the show notes at http://www.therebelbroker.com