| Pages:
1
2
3 |
mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
Member Is Offline
|
|
| Quote: | Originally posted by allroads10
triple: There is no place in the world where more people are walking away from their properties than in the USA. The number of Americans who have done
so in Mexico has to be miniscule in comparison...no numbers in that regard but the number is so big in the USA that it has to be a tiny fraction of
that number in Baja.
Dennis: You seem to be implying that somehow expropriation of real property is rampant in Mexico but in terms of sheer numbers it is much more common
in the USA. Consider the innumerable government auctions held on courthouse steps every day of the week across the USA where countlesss homes are put
on the block day after day after day!
These people are losing their houses for not paying property taxes or bond assessments or for other forms of tax liens. Nowhere else in the world does
expropriation of personal real property occur more than in the USA.
In fact, I would argue that there is no such thing as personal real property because governments always retain the right to tax the land and
expropriate for back-taxes and imminent domain, as well. You seem to want to make it sound as if Mexico is unique in this regard somehow when that is
simply not the case.
mcfez: You wrote that you would recommend a safer route. What would that be exactly? Since I think I can assume you don't mean a lease w/a private
land owner, I will conclude that you mean a bank trust. Is that correct? If so, would you be willing to explain your reasoning?
I do, by the way, think that leases on Mexican property held in a bank trust are preferable in some circumstances but that so are leases with private
parties and with corporations and ejidos, as well. There is no one answer that is correct in every situation and almost certainly a bank trust is
neither necessary nor even preferable for the utilization specified in the original post and for a whole host of reasons. |
There is no right answers for Mexican properties.
Let's look at the El Dorado complex in San Felipe (and many others).....folks bought in there with secured paperwork. Will...Steward Title screwed up
and the joint went haywire for a long time!
Native land ejido, though the land reform of the mid 18th century was aimed at breaking up the large church holdings, it also forced the Indians to
give up their ejidos. The village lands were restored by the 1917 constitution. In 1992 the Salinas government revoked the ban on the sale of ejido
land. Well...there are current legal issues still popping up from who da hell owns "that lot"!
I have investments down there...leasing to Fido....it's all a game of odds. I was taught never to put all your eggs in one basket. One just never
knows what may pop up. The Mexican Govt is famous for having unclear regulations.
Go to the ejidos in N. San Felipe...the govt office is there for ejidos business. One can and will find out rapidly that a simple transaction can
induce suicidal thoughts to your mind after dealing with them! Sorry...but many clerks I have dealt with don't seem to be educated to their job
description.
So here we are again. I have been posting for a very long time here....and this subject never seems to get cleared up....just like the Mexican
regulations! Again I will say this: If you cannot afford to lose...dont place your monies in Mexico. This goes for the average folks that vacations in
Mexico, gets all excited ...and buys in without any sort of homework...or lack of it. They cannot go back and forth from the USA or Canada or (?) with
legal nightmares....much less afford a decent land lawyer.
CMH International is a good outfit to work with if you are investing chunks of money down there....if you can afford them!
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
|
|
|
allroads10
Newbie
Posts: 4
Registered: 3-2-2010
Member Is Offline
|
|
mcfez: Thanks for the feedback.
We are in agreement that there is no single answer to taking title in Mexico.
Also agree in terms of putting your eggs in one basket; not in Baja, certainly but not anywhere else for that matter.
And, ultimately, if you want to live in one place in particular, you need to take the title available. I consider the time I am able to spend in La
Mision a privilege; it is a beautiful and unique location. And I am entirely satisfied with the lease arrangement w/the Ejido.
And I certainly I do not live in fear that someone is scheming to take my money or what is otherwise "mine." And, as I wrote previously, one never
owns the land as long as the government has the power to tax it or claim imminent domain.
I do not consider the money spent there to be an investment in the sense that I look to sell for a profit in the future but, rather, in the sense of
an investment in my well-being as going there allows me the peace and quiet to unwind and think and fall asleep to the sound of the waves.
And plus I can ride my quad to Maganas for fish tacos whenever the urge strikes me...I consider it a bargain!
|
|
|
mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
Member Is Offline
|
|
Bottom line of all this.......
| Quote: | Originally posted by allroads10
mcfez: Thanks for the feedback.
We are in agreement that there is no single answer to taking title in Mexico.
Also agree in terms of putting your eggs in one basket; not in Baja, certainly but not anywhere else for that matter.
And, ultimately, if you want to live in one place in particular, you need to take the title available. I consider the time I am able to spend in La
Mision a privilege; it is a beautiful and unique location. And I am entirely satisfied with the lease arrangement w/the Ejido.
And I certainly I do not live in fear that someone is scheming to take my money or what is otherwise "mine." And, as I wrote previously, one never
owns the land as long as the government has the power to tax it or claim imminent domain.
I do not consider the money spent there to be an investment in the sense that I look to sell for a profit in the future but, rather, in the sense of
an investment in my well-being as going there allows me the peace and quiet to unwind and think and fall asleep to the sound of the waves.
And plus I can ride my quad to Maganas for fish tacos whenever the urge strikes me...I consider it a bargain! |
We all made it to Baja one way or another :-) Save me a taco.
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
|
|
|
DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
| Quote: | Originally posted by Cypress
allroads10, How can you compare US property ownership with those of the 3rd. world? Get a grip on reality. |
How can you question someone who says he went to law school? 
The last thing in this world I'd be telling the world is that I started law school.
What??? DNF???
The second to last thing I'd be crowing about is that my US Law School Education, or part thereof, has anything what so ever to do with Mexican law.
Gawwwdammm....this guy is so arrogant. I would hate to be his neighbor.
.
[Edited on 12-13-2010 by DENNIS]
|
|
|
| Pages:
1
2
3 |
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
