4 ms·
You think the price of 500k houses has been driven to 1m thanks to people who can throw around 25m?
by crummy 5y ago
You think the price of 500k houses has been driven to 1m thanks to people who can throw around 25m?
- deleted 5y ago[deleted]
- eurasiantiger 5y agoYes. Those people buy multiple properties in an effort to launder their drug money. Just look at the situation in Marbella.
- petre 5y agoYou probably mean this? https://www.theguardian.com/news/2021/may/20/a-united-nations-of-how-marbella-became-a-magnet-for-gangsters https://www.theguardian.com/news/2021/may/20/a-united-nation...
- TedDoesntTalk 5y agoThat’s a great read. Thank you. I was in Marbella in the 1990s, in awe of the ostentatious wealth, but had no idea it was from drug trafficking.
- eurasiantiger 5y agoYes. The situation is likely similar all over the world where there is a housing bubble and large markets for drugs.
- voisin 5y agoAn unexpected benefit to legalizing and taxes drugs: lower incentive for drug dealers to Jack up the price of houses!