US makes largest residential sale in Mumbai history

[Recursion]

https://www.washingtonpost.com/news/worldviews/wp/2015/09/14/u-s-is-selling-its-seaside-palace-in-india-for-113-million/

Though at the rate real estate is appreciating, don't expect the record to hold long. This sale dragged on for so long people were worried it was just going to fizzle. But, happily, the property finally moved. It's a beautiful building, but it didn't meet OSHA or ADA requirements, and was a complete money pit.

[djean111]

1. I hope he had the cash. The new "trade" agreements will be going after anyone who makes

low-cost serums and vaccines and such. New Corporate world order and all that.

[Recursion]

2. Funny story: property sales have to be in non-convertible rupees

So that money stays in India. Clever, that. But, that will fund local capital improvements for a while, so it's still a good thing for taxpayers.

[djean111]

3. That is clever. And right. Bet the TPP goes after that stuff, too, though. n/t

[Recursion]

4. Probably why India would never join the TPP

Though I haven't heard of any limits on capital controls in what's leaked. Not that anything would surprise me at this point.

[djean111]

5. I know India is being pressured, and that they know their generic pharmaceuticals are a target.

The attempt to paint these "trade" agreements as just trade between countries is reprehensible. This is just global corporations ensuring that everyone gets paid the least and must pay the most.