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Moscow Real Estate Madness
"This bizarre world, where anonymous people buy multimillion-dollar properties with grocery sacks full of cash (one grocery sack can hold about $200,000)".Phil Bogdanov - real estate agent to Moscow's super rich. Like many Russians who came of age in the perestroika years, Bogdanov found himself in 1991 with an education but not many connections or opportunities to make money at home, so he immigrated to the United States. In the U.S., Phil worked various low-wage jobs in restaurants and other businesses until he found his true passion: real estate. Phil married an American real estate agent and brought her back to Moscow in the go-go 1990s. This was the era - Phil’s wife explains on camera - when fifty Moscow businessmen would pose for pictures toasting their entrepreneurial success. Six months later, she says, half of them would be dead, the victims of business murders.
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