Friday, December 18, 2009

Inadvertent Real Estate Insight

The following detail was presumably included to demonstrate the immense wealth of Arturo Beltrán Leyva:
The marines entered the complex and each one of the residences in the towers was searched. The residents were concentrated in a gymnasium located in the same complex, which has pools and whose apartments, the smalles of which measures 136 meters squared, has a minimum value of 3 million pesos.
Three million pesos is roughly $250,000, which I believe would be relatively cheap for most American cities, even after the explosion of the real estate bubble. Maybe that's why the Mexican traffickers have so much money to throw around corrupting officials: all their super-sweet pads cost just a few peanuts.

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