January 19, 2016
The Treasury department says it will close “a big hole in the government’s oversight” of the real estate market — namely, anonymous buyers who pay cash for luxury properties. For the first time, the federal government will require real estate companies to reveal the names of buyers who make all-cash transactions. Their goal? To shine “a light on the darkest corner of the real estate market.”
Our question is, “Why now?”
Here’s a quote from the October 2015 issue of The Socionomist: “The many rationales for why property mania is great on the way up and bad on the way down are simply attempts to explain feelings impelled by changes in unconscious social mood.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.