Since the high flying ‘cocaine cowboys’ era, when it is said Miami’s real estate boom of the ‘70s and ‘80s was funded by cocaine smugglers looking to launder a lot of cash, South Florida has been an attractive place to hide dirty money in real estate. Miami is like any other major global city though, where there is always a bad contingent. Like other highly desirable global cities, such as New York and L.A., and perhaps a little more than those others, dirty money continues to be a big problem in Miami real estate.
