Secret real estate purchases are a driving force behind the offshore economy — Margot Gibbs and Agustin Armendariz

No longer content with Miami condos and London townhouses, investors are pouring money into properties in all corners of the world, fueling inequality and driving up prices, Pandora Papers investigation reveals.…

The has a precedent in the earlier Gilded Age and the time of great industrial entrepreneurs when the great fortunes that founded American oligarchic dynasties bought up choice RE around the world, even Africa.

ICIJ
Secret real estate purchases are a driving force behind the offshore economy
Margot Gibbs and Agustin Armendariz

https://www.icij.org/investigations/pandora-papers/secret-real-estate-purchases-are-a-driving-force-behind-the-offshore-economy/