RE: The land of the free!
December 24, 2015 at 4:39 am
(This post was last modified: December 24, 2015 at 4:41 am by CapnAwesome.)
(December 24, 2015 at 4:08 am)Tiberius Wrote:(December 24, 2015 at 2:49 am)dyresand Wrote: I would live there but you know US says we as US citizens cannot own land in mexico.
The US doesn't say you can't, the Mexican government says you can't, but it's slightly more complicated than that:
"Article 27 of the constitution prohibits non-Mexicans from directly owning land within 31 miles (50 kilometers) of the coast and 62 miles (100 kilometers) of the nation's borders."
Source: http://latino.foxnews.com/latino/money/2...-property/
So you could buy land in Mexico if you are not a Mexican, as long as it's not in a restricted area, but I believe they have loosened those restrictions since that article was written.
The reality on the ground is that lots of foreigners own land in Mexico. They sign 200 year leases and stuff like that. Also it's Mexico! The government isn't exactly enforcing these laws like the US government does. There are whole towns of ex-pats in Mexico.
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