Old_Geezer@lemmy.ml to Toronto@lemmy.ca · 5 months agoWhy are so many big-city condos sitting empty?www.youtube.comexternal-linkmessage-square8fedilinkarrow-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 · 5 months agomessage-square8fedilinkcross-posted to: canada@lemmy.ca
minus-squareOld_Geezer@lemmy.mlOPlinkfedilinkarrow-up3arrow-down3·5 months agoHadn’t thought of that. How would they get their money out if the asset can’t be sold?
minus-squareinvisiblegorilla@sh.itjust.workslinkfedilinkarrow-up3·5 months 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…