[psychlops]

> one of the big causes of housing inflation is using it to launder money

I'd love a link backing this bold assertion.

[Fin_Code]

This is actually quite easy. Lookup how to purchase a home with cash (its easy). The house is then assigned to an owning entity to become part of a portfolio. Then after a given time based on risk you can sell to generate revenue. Then disburse to other entities that lead back to the person that dropped in the cash. The wash is completed.

Where else could you drop large quantities of cash then translate that to clean money?

[psychlops]

Pretty sure this fails at step one.

[wmf]

You'll find plenty or none depending on your desired level of detail. After reading about this topic for years I still don't understand how to use real estate for money laundering.

[Fin_Code]

This is actually quite easy. Lookup how to purchase a home with cash (its easy). The house is then assigned to an owning entity to become part of a portfolio. Then after a given time based on risk you can sell to generate revenue. Then disburse to other entities that lead back to the person that dropped in the cash. The wash is completed. Where else could you drop large quantities of cash then translate that to clean money?

[wmf]

It's not suspicious to sell property that you could not afford to buy in the first place? What do you report as the cost basis? Zero?

[bombcar]

In very specific cases it can be used to avoid certain countries' laws about exporting cash/value.

But that's not going to be a major source of real estate transactional volume.

[phkahler]

>> https://news.ycombinator.com/item?id=39277767

Except in parts of Canada. This just came across HN earlier this week:

https://news.ycombinator.com/item?id=39277767

[bombcar]

That's just liar-loans, not money laundering.