You are viewing a single comment's thread.

view the rest of the comments →

0
25

[–] Niggerfaggotjewkike 0 points 25 points (+25|-0) ago 

We need to do this in America!

[–] [deleted] 0 points 8 points (+8|-0) ago 

[Deleted]

0
6

[–] viperguy 0 points 6 points (+6|-0) ago 

Near coastal areas. You meant 99 year leases within 31 miles of a coastline.

In fact its in their mexican constitution : "Article 27 of the 1973 constitution"

Also SOME coastlines allow buying by foreigners after 2013 law changes.

NOW FOREIGNERS CAN ONCE AGAIN BUY REAL ESTATE WITHIN 31 MILES OF THE COAST OF MEXICO

0
0

[–] Fuck_SRS 0 points 0 points (+0|-0) ago 

Hawaii is the same way, if you weren't born on the island , american or not, you dont own the land, just rent it.

1
-1

[–] viperguy 1 points -1 points (+0|-1) ago  (edited ago)

Its a stupid move. THEY WILL SUFFER

Famous Books on Economics, such as : Basic Economics (4th Edition) by Thomas Sowell show all the unintended consequences of manipulating a free market, especially big chapter on real estate repercussions

Some are grave unintended consequences.

I don't have time to enumerate them all, but one non-controversial point is lower property values creates lower tax base income, hurting the poor, and less construction also creating a different type of housing shortage.

0
0

[–] Niggerfaggotjewkike 0 points 0 points (+0|-0) ago 

Incorrect. Lowering taxes does not hurt the poor. You are an idiot.