But the new policy shows Trump’s Treasury digging even deeper into the murky world of luxury real estate. The end result: It’s going to get a lot harder for everyone from drug dealers to Latin American politicians to foreign royalty to shield purchases of U.S. condos and mansions from law enforcement. The federal decree comes at a bad time for Miami real estate. Overbuilding and a slump in foreign buyers are hurting sales. The average sales price for luxury condo units in Miami Beach fell 21 percent year-over-year in the second quarter of 2017, according to a report from brokerage Douglas Elliman . Two-thirds of those sales were cash. The rules kick in at different price points depending on the market. In South Florida, they apply to shell companies buying homes for $1 million or more with cash. “This will help a market that has long neglected the amount of criminal activity taking place in the condo sector,” said Jack McCabe, a South Florida real estate analyst.dogshockcollarsreviews.com -- expert answers
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