Article: All cash buyers of CA luxury will have to reveal their idenity

[usctrojancpa]

Looks like the US Treasury has put this in place to catch people trying to launder money by buying real estate.  Wonder how it might effect FBC purchases going forward....
http://www.latimes.com/business/la-fi-llc-money-laundering-20160727-snap-story.html

 

[zubs]

bearish

 

[iacrenter]

The article lists the affected counties and OC is not listed.

 

[lnc]

http://www.talkirvine.com/index.php/topic,14637.0.html

Yeah, the OC is not on the list yet, HC has hope.