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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (2326)	7/7/2014 9:16:25 PM
From: Riskmgmt	1 Recommendation Recommended By Jurgis Bekepuris Read Replies (3) \| Respond to of 2722

Just to illustrate the point here is a recent report. Jaikumar Ramaswamy, chief of the US Justice Department's anti–money laundering section, says oligarchs and despots like to put their money into high-end real estate for a number of reasons: they need an escape option if things take a turn for the worse in their home countries; they want to park their assets in an investment that's known to preserve value; and they want to be able to enjoy and flaunt their wealth. "They're not buying real estate in Detroit," he says. "They're buying in places that give them some sort of status: London, Paris, New York, Malibu." m.thenation.com