قالب وردپرس درنا توس
Home / World / Mexico is auctioning off luxury apartments and secure homes to finance poor communities

Mexico is auctioning off luxury apartments and secure homes to finance poor communities



There is a buyer's market in Mexico for some high-end properties that have a gruesome past.

The Mexican government began auctioning dozens of items confiscated by drug traffickers and other criminals on Sunday, including houses with swimming pools and escape tunnels, as well as walk-in homes.

The auction was the first time that the Mexican administration and Seizure of Assets Service carried out an on-site real estate auction, which included 27 lots, according to El Universal.

GUATEMALAN MIGRANTS ATTEMPT TO REACH OUR BORDER TO MEXICO RAMPS UP PRESSURE

Mexican President Andres Manuel López Obrador has pledged to confiscate the proceeds of auctioning land and property, according to Reuters former governments supported marginalized communities in areas affected by drug trafficking.

  A woman offers during an auction of confiscated property by drug traffickers and others in Mexico City, Mexico, on June 23, 2019.

A woman offers during an auction of confiscated items from drug traffickers and others in Mexico City, Mexico, June 23, 2019.
(REUTERS / Carlos Jasso)

"[Buyers] will know that in addition to the acquisition of a good, they also do good, that is, they will help those who need support and marginalization because of poverty", he said on Friday.

  A man bid at an auction of confiscated items by drug traffickers and others in Mexico City, Mexico, on June 23, 2019.

A man bid at an auction of confiscated items from drug traffickers and others, in Mexico City , Mexico June 23, 2019.
(REUTERS / Carlos Jasso)

The real estate auctioned on Sunday included a ranch surrounded by acres of land and a luxury apartment where an unidentified cartel commander was killed and disposed of by his brothers.

Of the 27 available items, only six were sold on Sunday. Mexican media reported that the deal also brought in just $ 2.9 million of the planned $ 8.7 million.

One of these cases involved a house in Mexico City that previously belonged to the Beltran Leyva cartel and cost $ 729,000, El Universal reported.

FINEST '

  An auction assistant gestures during an auction of confiscated property by drug traffickers and others in Mexico City, June 23, 2019

An auction assistant gesticulating during an auction of confiscated assets by drug traffickers and others in Mexico City Mexico City Mexico City, Mexico June 23, 2019
(REUTERS / Carlos Jasso)

The auction of properties takes place a month after a similar event in which about $ 1.5 million from the sale of houses and luxury cars of criminals, including Porsches and a Lamborghini, were applied.

CLICK HERE FOR THE FOX NEWS APP

Authorities said many more auctions would take place in the coming months to help poor areas across the country.

López Obrador, who was elected last year, has also promised to sell his presidential plane and other state-owned vehicles to fund efforts to combat violence and corruption.


Source link