I live close to a lakeshore with bluffs that keep falling into the lake, eating away at the real estate along the lake. Imagine how much luck the homeowners there have reselling. I often say as we drive by that if we win the lottery, I would buy one of those properties so that I can just sit and watch the lake. I would not care if it had resale value when my sons inherited.I would imagine that this is pretty much the attitude of the filthy wealthy of NYC.
The NYT just did a great series on who owns these obscenely expensive NYC apartments, and it took quite a lot of creative digging to find out as much as they did. A lot of the buying is basically a form of money laundering, where opaque LLCs buy the apartments, and as long as they pay cash, nobody in the industry gives a shit about who owns the LLC or where the money comes from. (A Mexican mayor with a $90,000 salary and $35 million in cash? Great! Why ask questions?)It's an easy way to slip $10 or $20 or $50 million out of the country you're pillaging and into the US, with (thanks, Bloomberg!) lower taxes than they'd pay on a 3-br home in the suburbs. Most of the owners aren't even there - the "trickle-down" stops with high-end real estate agents and lawyers.
Not totally on topic but, does anyone remember that episode of Pinky and the Brain where they buy all the world's property on and above the 39th floor and then try to melt the ice caps so the bottom 38 floors were uninhabitable? Don't know why but this story reminded me of it.
While on "use of disqus" - how does one delete their own comment?
*If comments were allowed.
Do you see that little arrow on the right? Delete should be one of the options when it expands.
I deleted a comment and it came back as a comment by Guest. At least this give you plausible deniability.
Is this that whorefrost I'm always hearing about?
The Invisible Hand of the Market don't need a weatherman to know which way the wind blows.
but ... but ... free market! freedumb!!!
Duh. I thought I looked there....
Thanks!
"the only reason that NBC and theTimes haven’t boarded up their windows and portaged their canoes to Winnipeg..."
Well, that and the fucking mosquitoes. Ever been to Winnipeg in the summer?
I live close to a lakeshore with bluffs that keep falling into the lake, eating away at the real estate along the lake. Imagine how much luck the homeowners there have reselling. I often say as we drive by that if we win the lottery, I would buy one of those properties so that I can just sit and watch the lake. I would not care if it had resale value when my sons inherited.I would imagine that this is pretty much the attitude of the filthy wealthy of NYC.
And Madoff was fool proof too.
Took that thought to the Blightfart site. The knuckledraggers' responses should be amusing.
The NYT just did a great series on who owns these obscenely expensive NYC apartments, and it took quite a lot of creative digging to find out as much as they did. A lot of the buying is basically a form of money laundering, where opaque LLCs buy the apartments, and as long as they pay cash, nobody in the industry gives a shit about who owns the LLC or where the money comes from. (A Mexican mayor with a $90,000 salary and $35 million in cash? Great! Why ask questions?)It's an easy way to slip $10 or $20 or $50 million out of the country you're pillaging and into the US, with (thanks, Bloomberg!) lower taxes than they'd pay on a 3-br home in the suburbs. Most of the owners aren't even there - the "trickle-down" stops with high-end real estate agents and lawyers.
Not totally on topic but, does anyone remember that episode of Pinky and the Brain where they buy all the world's property on and above the 39th floor and then try to melt the ice caps so the bottom 38 floors were uninhabitable? Don't know why but this story reminded me of it.
Yup:https://www.youtube.com/wat...
The recurring coffee cup gag was pretty funny.
Currently, that hand is up all of our skirts.
Still trying to bend my brain around this. Ow.