Vaj wrote:
>
> 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. :-)
I thought of that once too. It used to be if you put $50K in one of
their banks they would issue you a Belize passport. It's hurricane
country though.
