Musicmystery
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Joined: 3/14/2005 Status: offline
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ORIGINAL: tamaka quote:
ORIGINAL: WhoreMods Wouldn't it be great if they just closed the embassies and told Putin to go fuck himself over this? Clinton would have, but the orange blob will be Making America Great Again by issueing a craven apology and grovelling until he wears his knees out. It's Amazing. I've always wondered how much property Russia and/or China owns here in the US. Chinese investment in the U.S. real estate market has surpassed $300 billion and is growing despite China's economic weakness and increased currency controls, the authors of a new report said on Monday. Between 2010 and 2015 Chinese buyers bought $93 billion in residential real estate, nearly $208 billion of mortgage-backed securities, and roughly $17 billion of commercial real estate, including office towers and hotels, according to the report by the Rosen Consulting Group and the Asia Society. Despite those eye-popping numbers, foreign direct investment from China still only makes up 10 percent of all foreign direct investment put into the United States. However, the report is significant as the first independent study to prove Chinese investors rank among the top in every real estate sector. It also shows Chinese investors have stamina and can withstand short-term market events, said Arthur Margon, a co-author of the report and a partner at Rosen Consulting Group, which specializes in real estate. "There are strong signals that there will be continued, maybe even increasing appetite," said Margon, during an event at New York's Asia Society. A Reuters review found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida. MIAMI/MOSCOW – During the 2016 presidential campaign, Donald J. Trump downplayed his business ties with Russia. And since taking office as president, he has been even more emphatic. “I can tell you, speaking for myself, I own nothing in Russia,” President Trump said at a news conference last month. “I have no loans in Russia. I don’t have any deals in Russia.” But in the United States, members of the Russian elite have invested in Trump buildings. A Reuters review has found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida, according to public documents, interviews and corporate records. The buyers include politically connected businessmen, such as a former executive in a Moscow-based state-run construction firm that works on military and intelligence facilities, the founder of a St. Petersburg investment bank and the co-founder of a conglomerate with interests in banking, property and electronics. People from the second and third tiers of Russian power have invested in the Trump buildings as well. One recently posted a photo of himself with the leader of a Russian motorcycle gang that was sanctioned by the United States for its alleged role in Moscow’s seizure of Crimea. The tally of investors from Russia may be conservative. The analysis found that at least 703 – or about one-third – of the owners of the 2044 units in the seven Trump buildings are limited liability companies, or LLCs, which have the ability to hide the identity of a property’s true owner. And the nationality of many buyers could not be determined. Russian-Americans who did not use a Russian address or passport in their purchases were not included in the tally. The review focused on Florida because the state has a large concentration of Trump-branded buildings, and determining the ownership of properties is easier there than in some other states. The resort town of Sunny Isles Beach, site of six of the seven Trump-branded Florida residential towers, stands out in another way: The zip code that includes the Sunny Isles buildings has an estimated 1,200 Russian-born residents, among the most in the country, U.S. Census data show. Russian buyers are homing in on U.S. real-estate following property magnate Donald Trump's election victory in November. Global real estate consultancy Knight Frank has registered a 35% surge in Russian inquiries on U.S. properties compared to last year, CNN Money reports. And according to Knight Frank it's not only investment properties that are attracting attention—vacation homes and commercial real estate are on Russian radars too. Marina Kuzmina, head of international sales at Knight Frank Russia, told CNN Money, "Many of our customers are going go to the Art Basel Miami Beach exhibition and will see real estate there." "A few customers are interested in the opportunity to buy property in development projects of Donald Trump, and we have received requests from U.S. developers wishing to cooperate with Russia," Kuzmina added. The vast majority of the inquiries the agency handled reportedly fall between in the budget range of $500,000 to $5 million, with Miami and New York City attracting the most attention. Russian appetite for U.S. real estate is not new. Manhattan's most expensive apartment in 2011 was bought for $88 million by Ekaterina Rybolovleva, daughter of potash tycoon Dmitry Rybolovlev. And in 2008, Rybolovley himself purchased a $95 million estate in Florida's Palm Beach from none other than Donald Trump. By 2014, Russian purchases of U.S. property constituted around 15% of Knight Frank's international sales, but these dipped sharply after the U.S and other countries imposed sanctions on Moscow over its annexation of Crimea.
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