New York Times is doing a story on condos bought under shell names

Discussion in 'The Howard Stern Show' started by MutteringJohn, Feb 8, 2015.

  1. MutteringJohn

    MutteringJohn Well-Known Member

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    Very extensive multi-day story on condos being bought up with foreign money using LLC's that cost $5 million or more. Time Warner Center has over 2/3 of their units owned by secret shell LLC's. Most of these units are vacant much of the time as billionaires from around the world try to hide their money in the US by purchasing real estate. Unlike Co-Ops where the buyer is screened buildings like Time Warner only care if you have the money. The units aren't financed, most of them are cash purchases.

    http://www.nytimes.com/2015/02/08/n...rner-condos.html?module=RelatedCoverageBottom
     
  2. Butcher

    Butcher ?

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    This is worse than 9/11, Robin.




    Robin?
     
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  3. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    :jj:
     
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  4. Shithead

    Shithead Well-Known Member

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    And why do i give a shite?
     
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  5. MutteringJohn

    MutteringJohn Well-Known Member

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    Howard related because he is a very secretive fuck about his money and real estate holdings.
     
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  6. Butcher

    Butcher ?

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    One Twelve Productions. That's all I'm saying , Robin.
     
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  7. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    I bet he has a toll machine on his grande staircase
     
  8. HS Cult Leader

    HS Cult Leader Elite Member Gold

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    Isn't this why Howard groosly over paid for that Florida property? :bigthink
     
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  9. Pickle Jar

    Pickle Jar Well-Known Member

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  10. Getthepoisonout

    Getthepoisonout I regret my username

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    Howard will not leave the US so he has to hide his money in another State.
     
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  11. yahoo

    yahoo Well-Known Member

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    Conspiracy theorists are always talking about the secret cabal of powerful men who rule the world. Turns out they all live in a condo right off Central Park.
     
  12. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

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    its mostly chinks they can't keep the dough in their own banks cos government could seize it any time. Can't keep it in foreign banks cos is illegal so they buy up assets or have an anchor baby and put it in the kids name...nyt ddid a big expose a few years back on the Chinese millionaire anchor baby phenomenon
     
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  13. Ashbeard

    Ashbeard Well-Known Member

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    Look for Scott Ostrosky to make an appearance on that list. Imagine if that popped up and this was the big event Winst had promised.
     
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  14. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    Them calling the LLC's "shell companies" sounds like an attempt to make it sound sinister, but yeah, foreigners with money know something schlubs who buy US treasuries with their dollars don't. Mostly that one day dollars won't be worth so much, while the real estate will hold most of its value in the long run. But LLC's are very common and serve a legal purpose besides hiding the identity of the purchaser.
     
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  15. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    [​IMG]
     
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  16. RonHeinzkaboot

    RonHeinzkaboot Adultophile VIP

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    A lot of them are used from Russian, Chinese citizen scams. They bring pregnsunt women in so their babies are born US citizens.
     
  17. RonHeinzkaboot

    RonHeinzkaboot Adultophile VIP

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    I heear from my friends this is big in NJ with the Russians and Middle Easterns too. Revovling door of pregnant women.

    In Key West they bring in the Russians put 20 in one condo/house and then hire them out for serviice workers as contractors. They have totally priced out the RE and killed the bubba system there.
    Its all Isrealis and Russians
     
  18. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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  19. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

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    yes ,i get a nice discount on trinkets when i go there because i speak hebrew,all teh tourist shop owners are from israel
     
  20. Nemo

    Nemo Beer Can Thick Gold

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    I'm stupid.
    Can someone sum this up in a few easy sentences. No big words please.