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Originally Posted by marichiko
Foreigners can own property in Mexico. The laws were changed in 1972. It looks rather convoluted, but bottom line, you buy the property and its yours. A real estate outfit in Mexico geared to selling property to gringo's is offering a duplex for $69,000 and parcels of land for around $30,000 in La Paz.
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He says;
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If you do come and you want to buy land, okay, but we're going to restrict your options.
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That sounds like yes you can buy land but their are restrictions. Then he says;
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You will not be allowed to buy waterfront property in the United States. That will be reserved for citizens naturally born in this country. In fact, as a foreigner, you must relinquish individual rights to property.
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This makes it sound like Mexico won't allow foreigners to own waterfront property AND have limited or no property rights even though they buy land. But then
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These are the Limbaugh Laws.
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tells me that he's making these "laws" based on his interpretation of the Mexican laws, which might not be accurate.
But that said, there is probably a grain of truth there somewhere.
I suspect, (besides Rush, which is always wise) that a great many countries have restriction on foreign nationals owning property.
I waiting for TW to come and tell me I'm unpatriotic.