Old_Geezer@lemmy.ml to Toronto@lemmy.ca · 1 year agoWhy are so many big-city condos sitting empty?www.youtube.comexternal-linkmessage-square8linkfedilinkarrow-up117arrow-down14cross-posted to: canada@lemmy.ca
arrow-up113arrow-down1external-linkWhy are so many big-city condos sitting empty?www.youtube.comOld_Geezer@lemmy.ml to Toronto@lemmy.ca · 1 year agomessage-square8linkfedilinkcross-posted to: canada@lemmy.ca
minus-squareOld_Geezer@lemmy.mlOPlinkfedilinkarrow-up3arrow-down3·1 year agoHadn’t thought of that. How would they get their money out if the asset can’t be sold?
minus-squareinvisiblegorilla@sh.itjust.workslinkfedilinkarrow-up3·1 year agoI don’t think it would matter. Put a loan against it. If the debt defaults, someone else inherits it…
Its money laundering.
Hadn’t thought of that. How would they get their money out if the asset can’t be sold?
I don’t think it would matter. Put a loan against it. If the debt defaults, someone else inherits it…