Debunking Myths
 

Shortwave Sportfishing wrote:

"Although the foreigner does not technically own a direct interest in
the real estate, the foreigner's rights to use and deal with the
property are very similar to outright ownership."

doesn't sound like ownership to me.

Most of the property owned by Americans and Canadians in Mexico is at
least 30 miles from shore. Folks in LA regularly drive further than that
going to work each day. Those who insist on beachfront property (which
is different from the original statement) have the option of investing
in a hundred year bank trust with full ownership rights. So, in 3006 you
can apply for naturalization to retain your, by then, $10,000,000.00
beachfront home you originally acquired for $120,000. Mexico represents
a better buy than Floriduh...and far better fishing.

http://www.grandtimes.com/Live_Well.html

--
Skipper

Debunking Myths
 

wrote in message
...
On Thu, 02 Feb 2006 21:55:53 -0600, Skipper wrote:

So, in 3006 you
can apply for naturalization to retain your, by then, $10,000,000.00
beachfront home you originally acquired for $120,000.


So you can own beachfront property but only over your dead body. I
will be 160 in 3006.

Then you better take better care of yourself.

Debunking Myths
 

wrote in message
...
On Thu, 02 Feb 2006 21:55:53 -0600, Skipper wrote:

So, in 3006 you
can apply for naturalization to retain your, by then, $10,000,000.00
beachfront home you originally acquired for $120,000.


So you can own beachfront property but only over your dead body. I
will be 160 in 3006.

Going to be born in 2846, huh?

RCE

Debunking Myths
 

On Fri, 3 Feb 2006 03:25:12 -0500, "RCE" wrote:


So you can own beachfront property but only over your dead body. I
will be 160 in 3006.

Going to be born in 2846, huh?

RCE

I thought that guy's posts sounded a bit immature.

bb

Debunking Myths
 

On Fri, 03 Feb 2006 06:20:43 GMT, "Calif Bill"
wrote:

So you can own beachfront property but only over your dead body. I
will be 160 in 3006.

Then you better take better care of yourself.

And a whole bunch of you need some remedial math lessons.

Write on the blackboard 100 times:

2006 + 100 = 2106
2006 + 100 = 2106
2006 + 100 = 2106
2006 + 100 = 2106
..
..
..
..
..

Debunking Myths
 

Wayne.B wrote:
On Fri, 03 Feb 2006 06:20:43 GMT, "Calif Bill"
wrote:

So you can own beachfront property but only over your dead body. I
will be 160 in 3006.
Then you better take better care of yourself.

And a whole bunch of you need some remedial math lessons.

Write on the blackboard 100 times:

2006 + 100 = 2106
2006 + 100 = 2106
2006 + 100 = 2106
2006 + 100 = 2106
100 or 1000 yrs. What's 900 years among friends?
--
Reggie
************************************************** *************
That's my story and I am sticking to it.

************************************************** *************

Debunking Myths
 

RCE wrote:
wrote in message
...

On Thu, 02 Feb 2006 21:55:53 -0600, Skipper wrote:


So, in 3006 you
can apply for naturalization to retain your, by then, $10,000,000.00
beachfront home you originally acquired for $120,000.


So you can own beachfront property but only over your dead body. I
will be 160 in 3006.


Going to be born in 2846, huh?

RCE



That was some creative math he was using! :-)

Floriduh - A Passing Fad
 

"Skipper" wrote in message
...
Gene Kearns wrote:

Skipper penned the following well considered thoughts:

Even today, Americans can't own land in Mexico. The banks own it, and
make
you the executor over the title.

You are factually incorrect, sir. Americans can own and hold full title
to land in Mexico.

Skipper, again, you are just wrong.

As usual, Gene, you are incorrect once again. My statement is absolutely
correct.


You were talking about the "great deals" in San Carlos. I said that you
wouldn't own the land...which is correct.

Debunking Myths
 

"Skipper" wrote in message
...
Skipper wrote:

Gene Kearns wrote:

Skipper penned the following well considered thoughts:

Even today, Americans can't own land in Mexico. The banks own it, and
make
you the executor over the title.

You are factually incorrect, sir. Americans can own and hold full title
to land in Mexico.

Skipper, again, you are just wrong.

As usual, Gene, you are incorrect once again. My statement is absolutely
correct.

http://osmx.com/buying_real_estate.htm


"In addition, foreigners may buy property near the border and the coastline
in the area referred to as the restricted zone (about 31 miles inland from
the ocean and about 62 miles from the borders) AS THE BENEFICIARY OF A BANK
TRUST.
The bank holds technical legal title to the real estate and the foreigner is
the beneficiary of the trust. The bank acts on behalf of the beneficiary
like any trustee must act. The beneficiary may use the ownership interest in
the trust as collateral for a loan. That interest may also be transferred by
will or through a typical sale process like other real estate interests.
ALTHOUGH THE FOREIGNER DOES NOT TECHNICALLY OWN A DIRECT INTEREST IN THE
REAL ESTATE, the foreigner's rights to use and deal with the property are
very similar to outright ownership."



You can't own land in San Carlos.

Debunking Myths
 

"Skipper" wrote in message
...
Shortwave Sportfishing wrote:

"Although the foreigner does not technically own a direct interest in
the real estate, the foreigner's rights to use and deal with the
property are very similar to outright ownership."

doesn't sound like ownership to me.

Most of the property owned by Americans and Canadians in Mexico is at
least 30 miles from shore. Folks in LA regularly drive further than that
going to work each day. Those who insist on beachfront property (which
is different from the original statement) have the option of investing
in a hundred year bank trust with full ownership rights. So, in 3006

2006 + 100 =3006?

Your math is about as sound as your real estate knowledge.