> 180 oligarchs can launder their money in a 200'x200'
The vertical size of that, however, could be used to house at least a thousand (or more) people.
This is mostly a manhattan problem, but there's a quite large volume of the market there (due to the valuations) that are ultra-high-end, which tends to be vacant units used for money laundering. Same issue in a lot of the larger cities.
Luxury taxes (on both the sale, and ongoing yearly costs) can help reduce the problem as well as provide tax income for the cities. It's easily a win/win.
The vertical size of that, however, could be used to house at least a thousand (or more) people.
This is mostly a manhattan problem, but there's a quite large volume of the market there (due to the valuations) that are ultra-high-end, which tends to be vacant units used for money laundering. Same issue in a lot of the larger cities.
Luxury taxes (on both the sale, and ongoing yearly costs) can help reduce the problem as well as provide tax income for the cities. It's easily a win/win.