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To: BOBTHENAILER
I met a lot of Americans at his golf club and they are sophisticated people, all of whom live down there. They are not the type to buy on a whim, without sound legal title.

I'm not saying that bad transactions don't happen, obviously they do. Sorry about your brother's circumstance. Hope he can get it resolved favorably.

Nah, he's screwed, but I appreciate the thought.

Whatever the deal is with the Americans you met, their "ownership" (title, lease, whatever) isn't going to be the same as a Mexican's ownership. If they're smart, they didn't invest any money they weren't willing to walk away from.

Real estate reform in Mexico would lead to huge amounts of American investment and development. What we have now is a shadow of the potential.

And it's precisely because of the corruption that permeates Mexican culture that the right thing doesn't get done there. All they do is blame America for their problems, and look to us for handouts. They're rich in human and natural resources, blessed with a great climate and no foreign threats, and trillions of dollars of investment capital just North...

But Mexico is still a hole.




58 posted on 03/16/2002 3:52:00 PM PST by Sabertooth
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To: Sabertooth
You're right on most accounts you delineated. Mexico is still, for the most part, a hole. However, Fox at least represents a big change from the past ruling clique (PRI?). Maybe something can change.
70 posted on 03/16/2002 4:13:36 PM PST by BOBTHENAILER
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