An American family immigrates to Mexico...
An American family immigrates to Mexico...
You know what's really funny is I actually encountered a bit of this when my mom and I moved to Mexico and met other Americans who were settled down there.
We're just as greedy with the English, man. The rich old white people down there can be total assholes.





if they would allow foreign nationals to purchase property, I'd consider it ! But unlike America, only Mexican citizens are actually allowed to own Mexican land.
Actually if you want the tumbleweed shit in the middle you can own it - but 12 miles from any shore - forget it. Ya need a bank trust and you can't pass it on to one's heirs.
To tell you the truth, if they want some open borders, they better be thinking about catering to Americans. That shit goes both ways.





being a texan, i enjoyed that peice.





Not so far it doesn't ! Mexican law also requires that immigrants be able to prove that they have a pre-existing means of financial support without gov't assistance and a plethora of other self-serving laws immigration which don't apply in the 'other direction'.To tell you the truth, if they want some open borders, they better be thinking about catering to Americans. That shit goes both ways.
Last edited by Paris; 02-03-2007 at 04:21 PM.
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All right, here is the basics of the legal right of foriegners to own property in Mexico. This is from a legal advice website that has no monetary motivation for selling mexican real estate:
So, basiclly, Americans can own property (any property) in Mexico. You just have to work within the Mexican legal system. This doesn't sound much different than some of the goofy real estate laws in the US governing condo ownership and neighborhood associations.Under the Mexican Constitution, only Mexicans have the right to own land
or receive mineral or water rights. Foreigners have the right to own
real property, provided they do not invoke the protection of their
government. That sounds reasonable enough, doesn't it? All this means is
that any dispute concerning land ownership will be decided by Mexican
courts, treating foreign landowners the same as Mexican nationals.
Foreigners have no legal recourse in the legal system of their
homelands. This is done to prevent the historic recurrence, prevalent in
Latin America in the past 200 years, of a capital-exporting country
meddling in the sovereign affairs of another nation to protect a private
party's economic interests.
Foreigners are prohibited from directly owning real estate within the
"Forbidden Zones" of 100 kilometers of the Mexican border and 50
kilometers of its coasts. Within these restricted areas, foreign
ownership is possible under a fideicomiso, or bank trust.
Under the fideicomiso (pronounced Fee-deh-com-ee-so), a Mexican bank
trust is created for a period of 50 years, and the trust may be extended
for another like period. Legal title to the property is held by the
bank, as trustee, and beneficial use is held by the property buyer. Even
in non-restricted areas, the fideicomiso may be used by foreigner
landowners and Mexicans alike for the same reasons that trusts are
created in this country. Under the fideicomiso, multiple or successor
owners can be named. The costs of establishing the fideicomiso are not
great: an initial set-up cost is based upon a percentage of the property
value, and annual trustee fee is charged.
While zoning restrictions may not be apparent in commercial and
residential neighborhoods, certain areas may have building codes to
preserve colonial flavor. For instance, downtown Morelia has enforced a
historical building preservation code for the past hundred years.
Private land ownership may be barred in forested areas, natural
protected areas, reserves, biospheres and other environmentally
protected areas. That beautiful isolated mountaintop or bucolic site may
be out of reach for the same reasons that it's just real difficult to
buy a chunk of the Grand Canyon or Central Park.
Last edited by Paris; 02-03-2007 at 04:24 PM.
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^^^ the correct interpretation is that yes an American can own a house on the Mexican Riviera, but they can't own the land that it sits on ! A trust can be arranged with a Mexican bank which allows the bank trustee to hold title to the property under the American owned house with a "guarantee" that the land won't be transferred to a different owner for 50 years. After the 50 years elapses, or after the original owner dies, the Mexican gov't has the option of selling the land to some other owner ... at which point the American owner of the house (or their heirs) can either decide to relinquish rights to the house which is now sitting on someone else's land or pay to have it moved off the property.
Thus in point of fact 'owning' a house on the Mexican Riviera basically translates into the buyer paying 15-30-50 years worth of 'rent' up front (depending on their expected lifespan) since the underlying value cannot be passed to an heir. Another fact about 'owning' a house on the Mexican Riviera is that it typically cannot be used as collateral, since no 'clear title' exists.
If you check a map of Mexico, and block out the 'forbidden zones' within 64 miles of natural borders and within 32 miles of a seacoast, as well as certain other Federally designated locations, and look at areas of Mexico where an American is allowed to own both the land and the house built on it, you'll see what's left isn't very desireable. I have been to Torreon, Durango, Mexico City etc. and trust me they are not places that Americans really want to live ! Probably the only Mexican city that is half-way palatable and also not classified as a 'forbidden zone' is Monterrey, which probably explains why a certain amount of economic development is going on there.
~
Last edited by Melonie; 02-03-2007 at 06:32 PM.
^^Yep, like owning a condo here.
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^^^ not really, because the condo can be used as collateral by the owner as well as passed on to an heir upon the owner's death. In regard to the option of an American heir 'moving the house' built in a 'forbidden zone' in order to retain some of its value, that isn't a real world option.
Thus the accurate comparison would be a 'lifetime use' lease agreement for an American home or condo, with a large single one time payment up front - but where the lessee is still responsible for property taxes, upkeep etc.
Whatever the case, there's something I really dislike about that video. It leaves a bad taste in my mouth and it provides a single-sided view of Mexican immigration and even Mexican people, more or less. *srugs* I dunno...
Wow, that's a really interesting article. It really makes sense now...
while I was living down there, our friends would make strange comments that we didn't get at the time, but I can see the larger picture now. One of our neighbors was explaining the word "naca/o" as meaning "like indians, but worse". My mom was appalled that our liberal, nice neighbor would say something like that.
Then I also remember my friend at the private school I went to, who had white skin, hazel eyes and brown hair (and a blonde mom) reffering to the construction workers who would whistle at us as "nacos", and who even called a couple of darker skinned kids at our school naca/o.
Hmm. So I guess trashy/dark is synonymous or something down there. Damn that makes sense now!
But I'm still kinda ehh about the video. But great article!
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