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Yes. Those people buy multiple properties in an effort to launder their drug money. Just look at the situation in Marbella.
by eurasiantiger 5y ago
Yes. 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!