[throwawayfrauds]

In parts of Los Angeles the price increase can be beneficial enough, especially with the difficulty of evictions. However, judging by the number of $1 million plus homes in my neighborhood that have sat vacant for more than two years, something else may be going on that I’m not privy to. Maybe it’s an easy way to launder money (which FINCEN has been concerned about for years), or it’s like money under the mattress for people who need to park a few million dollars somewhere for a while.