[lesser_satan]

Sound like a good deal, until a commie gets elected and natioanlizes everything.

[goldstategop]

Basically, you buy a real estate trust from a Mexican bank that holds the property for you for up to 50 years... and can be passed onto your heirs. Its gorgeous scenery and you get a multimillion dollar ocean view for a fraction of the price in California. And the cost of living is cheap in Mexico.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II

[Hildy]

You can't OWN oceanfront property...they can always come and take it away...so if you're a gambler, go for it. We have friends who have a great place and they love it.

[bpjam]

you are exactly right. I have clients who occasionally mention Costa Rica, Mexico and other dictator run countries for investments. My two questions are: 1. How much are you going to use the property yourself? 2. How much are you willing to lose when the dictator du jour decides to use foreignors as the new place to get taxes from and levies a huge tax against property ownership and makes your property unsellable?

[stillonaroll]

Sound like a good deal, until a commie gets elected and natioanlizes everything.

Ding! That's the correct answer. Of course, let's not forget the MS-13 lawlessness.