Brian Moynihan on the Record, The Cardboard Box Recession, and Billionaires’ Row 6/12/23
The Exchange
00:00
The Price of Foreign Buyers in the US
These buildings are really visual representations of foreign money. It was foreign money that built them as you talk about in the book. Now you've got the mansion tax. You've got this new rule from Treasury that looks into money laundering. And you've got foreign money just isn't coming to the US anymore. Plus, we have higher interest rates.
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