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May 17, 2018 01:47 pm PDT

New York surpasses Brexit London as the world's second-hottest luxury property market

If you are an oligarch or criminal looking to exfiltrate and launder your money, London property markets have been your go-to asset class: London lux is real-estate that behaves like cash, thanks to the long line of oligarchs and criminals who'll pay cash for your safe-deposit box in the sky on a few hours' notice, should you need to liquidate ahead of a purge or an indictment. (more…)


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/s56ODunrtVg/assets-not-homes.html

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