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How dirty is Miami real estate? Secret home deals dried up when feds started watching . Interesting read. miamiherald.com A new study may measure just how dirty Miami real estate really is. Economists looked at a recent federal crackdown on cash home sales and found evidence of buyers trying to avoid detection.
Buyers who use shell companies to pay cash for $1 million or more homes will have their identities reported to federal authorities. Feds target secret real estate deals in Miami and New York.
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USA: How dirty is Miami real estate? Secret home deals dried up when feds started watching Miami Herald (18 July) Help put an end to corruption. Support our work. Voices for Transparency.
[Link] How dirty is Miami real estate? Secret home deals dried up when feds started watching by Nicholas Nehamas and Rene rodriguez (miami herald) After the federal government imposed a special disclosure review on Miami and Manhattan real estate markets in 2016, cash buys by shell companies collapsed to nothing.
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