Posted on 06/26/2008 1:55:12 PM PDT by blam
Mexicans urged to reclaim a piece of Texas
By Tom Leonard
Last Updated: 9:11PM BST 26/06/2008
Mexicans are being encouraged to reclaim a piece of Texas, more than 150 years after they lost the Lone Star state to the United States. Texan estate agents are heading south of the border to drum up the interest in buying cut-price land and property in the foreclosure-hit state.
Thanks to a rising Mexican peso and an economy which is growing faster than that of the US, a country that has previously been looked on by America as a source of cheap labour is now seen as a potential source of rich investors.
A "Texas for Sale" sign and cowgirl-clad models greeted visitors to a recent property fair in Monterrey, Mexico, at which hundreds of Mexicans looked over lists of potential investment opportunities.
Virgilio Garza, a Monterrey developer, said he and his partners were considering investing $8 million in buying up foreclosed homes in Texas.
He told Bloomberg: "Texas is like our home. We believe there can be some opportunities."
Marco Ramirez, a Texas estate agent, said that residents of Monterrey, which is 150 miles from the Texas border, were his best hope of buying the 120 foreclosed properties on his books.
"Many of these people have children who are studying in the US. They've been renting or leasing and now it's a great time to buy."
America annexed Texas in 1845 after Texans gained independence from Mexico nine years earlier following the Battle of the Alamo.
(Excerpt) Read more at telegraph.co.uk ...
You have Russina fetish sweetie! You need a little Putin I think! LOL!
Exactly.
A number of them did just this when they FEARED Obregon was going to be el presidente.
You bet. When you are a Texan; you are a Texan.
Born and raised in Fort Worth.
Born and raised in Gatesville, TX. (close to the HOT) and next to the largest military base in the free world. Ft. Hood.
Only with you, Grushenka.
Running out of ideas Ruthie? LOL! Go get yourself a make over! Maybe then you would hate life less!
Not at all, Tatiana. Maybe I'll do like you in reverse and carpetbag to Moscow.
I'll find me a small Russian woman, ~200Kg, for those cold Moscow nights. ;)
Putin would keep you warm.
.....”Thanks to a rising Mexican peso and an economy which is growing faster than that of the US”....
Coincidence?....I think not.
This is sooooo much bigger than illegal immigration/amnesty.
THere are probably tax advantages to doing the transactions in Mexico rather than in the US.
what is going on?
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