The US luxury home market is dominated by foreign buyers at least in part owing to non-existent money-laundering laws, with most sales being cash deals.
Zero Hedge
"I’ve Never Seen Anything Like This Before" - The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing
Tyler Durden
Maybe the prices are following the election odds.
ReplyDeleteAs long as Hillary is in power, they've nothing to fear.