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Country Discussion Topics
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Mexican land?
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DeadCarp    Posted 01-26-2003 at 18:45:20       [Reply]  [No Email]
Somebody mentioned buying land in Mexico - can we do that? After their revolution, the patrons were ousted and the land was divided among the peons into 4 hectare plots or something (anyway too small to really farm) with rules about fences, property lines etc. I also heard there was a big deal about foreign ownership. That's all i know ..


Kat in NJ    Posted 01-27-2003 at 06:45:10       [Reply]  [No Email]
'Carp, Following the revolution in the 1920's, one of the terms of the new Mexican constitution forbid all outside investment, including land ownership. In the wake of Porfirio Diaz's turn-of-the-century government, the Mexicans wanted to keep out all foreigners. It was thought that restricting land ownership would help bring the land back under the control of the people.

There are some companies today (including my employer) who are making headway in expanding business in Mexico, but it is still an extremely difficult process -- even if you get permission to do business, you can't own your own building or the land underneath!

Kat


JanO    Posted 01-26-2003 at 20:15:49       [Reply]  [Send Email]
I live less then 2 hours from Mexico and from what I've been told you have to be a citizen to own property, or even have a bank account there.

There was a mess going on down there a few years ago about (mostly) retired Americans who had built homes on "leased" land. The land was suppose to be leased for 99 years or something, so Americans built nice homes on the beach expecting to spend their retirement in peace. All was fine till the Mexican landowners decided that they wanted the land with the homes all for themselves. Last I heard the Mexican landowners won, and alot of folks got a whole lot of nothing.


Dave    Posted 01-26-2003 at 21:51:18       [Reply]  [No Email]
That's one of those cases where one of those big boxes of "kitchen matches" would come in real handy :)


huh?    Posted 01-26-2003 at 19:30:16       [Reply]  [No Email]
Minniesoda gettin too cold fer ya?


DeadCarp    Posted 01-27-2003 at 03:54:31       [Reply]  [No Email]
No, more like i'm getting too stiff for the cold :) When we first retired in 1990, i could only afford home or Mexico so the choices are kinda limited. Dealing with other laws is a consideration too. The most we'll probly do is become snowbirds. You can still rent trailer space around Brownsville Texas for $1000/year.


bob    Posted 01-27-2003 at 07:21:20       [Reply]  [No Email]
might be cheaper in future as i talked to guy who owns 7 parks and he saidsnowbirds pop was down 15 per cent and cand. even more due to exchange values maybe cheapen up Normally would be no vacancys now


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