On Mar 18, 2009, at 4:50 PM, bob_brigante wrote:
--- In [email protected], Vaj <vajradh...@...> wrote:
On Mar 18, 2009, at 4:09 PM, Bhairitu wrote:
But Mexico is a poor and corrupt country
with some nice real estate. I like warmer weather (in spite of
having
a pitta predominant constitution, must be the kapha secondary).
I'd
love to live there maybe at a nice coastal town on a hill
overlooking
the beach).
Well you could live there, you just couldn't own. Americans cannot
purchase anything with several miles of the beach by Mexican Law.
********
Lots of americans have purchased coastal property in Mexico through
the legal workaround of a trust/corporation:
"In the interior of mexico foreigners can own and hold title in
their name. However, the mexican constitution prohibits foreigners
from directly owning property (fee simple) within 50 kilometers from
all coastlines and 100 kilometers from the border. Foreigners can
acquire beach property through a living trust or forming a mexican
corporation.
http://snipurl.com/e3bal [www_mexicomatters_net]
Clever! But I'm moving to Belize. :-)
