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Rationalists are those, whose thinking is strictly guided by the laws of logic.
Rationalists only accept as true, that which has been proven to be true,
through the application of the scientific method.
Neo's Daily Blog
(politics, religion, and science)
12/23/24
What is a huge factor in the rapidly rising cost of housing in the U.S.?
undocumented money
Quote from the article:
"
In 2001, barely one month after 9/11,
Congress passed Title III of the Patriot Act
to combat money laundering and terrorist financing.
It mandated banks to report suspicious money transfers from abroad.
But lobbyists persuaded the Treasury Department to grant the real estate industry
a 'temporary' exemption from the law’s requirement to report dubious transactions.
The loophole remains in place, fueling what has been termed
'an extraordinary growth opportunity for high-end real estate.'
The United States is the only G7 country that does not require
real estate professionals to comply with anti-money laundering laws.
Is it any wonder that so much of the world’s ill-gotten gains
are being stashed in U.S. real estate? "
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