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Orrex

(66,831 posts)

3. My small town has a great many unoccupied homes and empty store fronts

Reply to octoberlib (Original post)

Tue Sep 19, 2017, 06:55 AM

Sep 2017

A lot of them are owned by management companies based hundreds of miles away with no interest in the community or the properties beyond the ability to write them off as a loss.

I would imagine that this sort of thing is widespread here in the greatest nation on Earth, and apparently in ol' Londontown as well.

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London mayor targets ghost mansions and zombie flats [View all] octoberlib Sep 2017 OP

The most obvious symptom of growing wealth inequality. Dustlawyer Sep 2017 #1

Good point sharedvalues Sep 2017 #2

+ 1,000 Achilleaze Sep 2017 #6

And once you start seeing them, it's hard to stop gratuitous Sep 2017 #9

My small town has a great many unoccupied homes and empty store fronts Orrex Sep 2017 #3

London real estate Scarsdale Sep 2017 #4

A British commenter on this article over at WaPo said that octoberlib Sep 2017 #8

Money laundering through real estate JCMach1 Sep 2017 #5

FinCEN issued an advisory about this. Whether title ins. companies comply, is another matter octoberlib Sep 2017 #7

These peeps love to deal in cash though JCMach1 Sep 2017 #10

The WP article says most of London's empty flats are owned by the middle and lower classes. EL34x4 Sep 2017 #11

The article is all over the place and contradicts itself. octoberlib Sep 2017 #12