jardinero viejo
Sep 5, 2004, 10:39 AM
Post #7 of 11
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Re: [Bubba] Is fideicomiso necessary with inmigrado status
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We recently went through the property purchase and fideicomiso process and it is still fresh in our mind. After a ton of research, including the MexConnect Forums, we went ahead with eyes full open.
We believe there is risk in Mexico either way - deeded vs. trust. The risk is just as you say - political, economic, or social issues could arise that would affect foreign-owned property. We finally decided that the risk is equal, no matter the form in which one holds the property.
But, we also feel that becuase the US and Mexico are so intertwined, problems of this sort are really unlikely. Mexico gains huge economic benefit from maintaining good relations with the US. First, because of the huge influx of $ being pumped from NOB to SOB by the workers NOB. Even though there are occasional outbursts of 'close the border', we feel there is no way this system is going to change anytime soon. Second, whenever wealthier folks set up house in an area, that area gains economic strength, all the way up the ladder from the housekeepers, to the land owners and ejiditeros, to the political big-wigs. Too many Mexican people would be hurt if the NOB/SOB connection is broken.
Socially, many more Mexicans have been exposed to US culture, both the good culture and the bad culture. This exposure comes first hand from Mexicans returning home after working in the US and by exposure to US tourists and ex-pats. We believe the Mexican people are very savvy at filtering the BS parts of our culture. These folks have generations of experience getting their social priorities correct. They have mastered the fact that family, friends, and the honest simplicity of life are much more valuable than money or fame. Because of all this, we don't think there will be social pressures to endanger property ownership. Mexican people may be very hesitant to accept an American into their fold, yes, but to seize property, no.
So that leaves politics. The economic benefits of good relations with foreign land owners should keep Mexico politics from affecting land ownership. The only BIG uncertainty is how the US will continue to be viewed in the eyes of other countries. If the US is seen as bullying, self-centered, and uncaring toward other people and the earth, we may have a problem. In the past, the US has come across as the 'good guys'. Lately, this has been less the case. We feel Mexico's political attitude toward the US people will depend on the direction of US politics ! So, we are keeping our fingers crossed.
Good luck with your decisions.....
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" To announce that there must be no criticism of the President, or that we are to stand by the President right or wrong, is not only unpatriotic and servile, but is morally treasonable to the public."
Theodore Roosevelt
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