News Buying a home in cash? You will probably be investigated

Discussion in 'The Howard Stern Show' started by dawg, Jan 13, 2016.

  1. dawg

    dawg In The Dog House Staff Member

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    The United States is getting creative in its methods for tracking down international criminals who launder money.
    The U.S. Treasury Department will now require all title insurance companies to report the identities
    of people who purchase high-end real estate in Miami and Manhattan and pay in cash. On Wednesday,
    the Treasury said that they have reason to believe international criminals are using fake
    companies to hide their identity as they use laundered money to buy expensive real estate.
    The government fears that corrupt international leaders and big-time drug lords are using American real estate
    as a way of hiding illegally acquired cash.
     
    DogStar69 likes this.
  2. Walygatr

    Walygatr Well-Known Member

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    Good to know for when I win tonight.
     
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  3. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

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    they should be doing this shit everywhere.

    when i see a lot of real estate in seattle being bought up by chinese people younger than i am with all cash it sends up an incredible amount of red flags
     
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  4. crazypreacher

    crazypreacher Not followin whitey's rules

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    China is on the "cool" list though.
     
  5. dawg

    dawg In The Dog House Staff Member

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    If you ever went into the kitchen of your favorite Chinese place you would never eat Chinese again

     
  6. ilovebacon

    ilovebacon Well-Known Member VIP

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    [​IMG]
     
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  7. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...did you see the woman on the news yesterday from belleview i guess. she owned a bunch of hooker barista stands and bought real estate with all her cash.
     
  8. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

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    i did not, but does not shock me.

    they bust those little coffee stands for doing under the table activities all the time. the joke is, if its chinese owned, its up to shenanigans
     
  9. Abner Devereaux

    Abner Devereaux Well-Known Member

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    Nothing slips by the government huh? They are just now figuring this out??
     
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  10. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

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    RIGHT!
     
  11. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...yeah i guess she was renting the girls out after coffee hours, sounded a bit like heidi flice fleece whatever. if you go to komo's website the story is probably still there. not a bad looking woman for a whorehouse madame.
     
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  12. yaddc

    yaddc Well-Known Member

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    Only politicians can buy cash.
     
  13. dawg

    dawg In The Dog House Staff Member

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    There are those that are above the law.
     
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  14. yaddc

    yaddc Well-Known Member

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    You know this gentleman sleeps well at night.
     
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  15. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez

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    For purposes of this announcement 'Cash' means purchasing the home without a mortgage. It does not mean a briefcase or duffle bag stuffed with $100's.
     
  16. Tovahund

    Tovahund Just a good dog.

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    I live in a nice neighborhood that is becoming increasingly Korean, they all pay cash. It's good for home values but shuts out traditional sales. Then they buy more and more properties. It's educational tourism.

    The state is starting to look into it.
    A lot of homes are bought collectively and 8+ kids live there with a rotating grandma supervising. It's a good school district.
     
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  17. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

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    City of Seattle is starting to look into it as well. They will pay cash way over asking and are totally fucking up the market for normal home buyers because people are starting to sell with the expectations of selling cash above market and turning down traditional offers
     
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  18. Tovahund

    Tovahund Just a good dog.

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    Yes we know that.
     
  19. dawg

    dawg In The Dog House Staff Member

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    However, with corruption rampant there are those above the law.
     
  20. Tovahund

    Tovahund Just a good dog.

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    Nothing new under the sun, sadly Dawg.

    We live in an oligarchy.