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by Centigonal
868 days ago
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The proposed FinCEN rule is specific to non-financed (i.e. all-cash) transfers to companies or trusts. That in itself rules out the vast majority of private individuals. I'm sure they could also add carve-outs for primary residences or otherwise reduce the impact of this rule on private individuals. That being said, I think the number of people who live in fear of being swatted in their homes is at least two orders of magnitude smaller than the number of people who rent a home owned by a mysterious and unaccountable corporate landlord. |
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That being left aside, I am concerned about home intrusions much more than I am with economic equity for all _and_ I don’t think this measure will be a particularly effective control on the latter.