americans can own property but only for 60 years, if i'm not mistaken.
to be honest, mexico has, like all mediterranean latino cultures, a napoleonic legal system. and hey, would you want to go before a judge in france? or mexico? nada.
Not true. They can lease buildings and property, however it can be taken away from them at any time. Not a darn thing they can do about it either. Two cases I know of, friends in Puerto Penasco have had a family home there for years, however he cannot renew the lease on the land. He will lose his house in a few years. Also, there were several American "leasers" in Baja a couple of years back who had the threat of losing their homes, because the gov't deemed their leases "illegal". You must be Mexican to own property in Mexico.