Quote:
Originally Posted by Jebby
That prohibition will likely be repealed soon. It was always an idiotic and immoral restriction.
Then again, no one really owns their property in Mexico. The Mexican Constitution does not guarantee a right to private property, in fact, it says that all property is owned by the state and that the state allows citizens to use that property.
This is one of the reasons Mexico is a shithole compared to the rest of North America. The current constitution is one of the most socialist constitutions (yes, I know it's been reformed many times to make it less socialist) and has never guaranteed individual rights, especially property rights, to the extent that the US Constitution or legal precedent has in Canada and other western states.
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I am curious.
What do you have against some (limited) form of restrictions on foreign ownership or landlord absenteeism on local real estate and property - especially by people who don't even live in the city and essentially just use the real estate market here as some form of piggy bank to stash their money?
I realize this is not the most pleasant or easiest topic of discussion, given the cultural implications - but its one that sooner or later must be had on some level when you consider what's happening to real estate and the housing market here.
Whether or not morality has anything to do with it ( I don't believe it does), as a matter of practicality when you have a situation where local people - born and raised -here are being forced to move out or relocate to more affordable cities, and who talk of how it's impossible to raise a family here much less own a home, while on the other side of the coin you have housing prices being driven up to unrealistic (and unsustainable) levels by people who largely don't even live in the properties they buy, you'll eventually end up with a rather unpleasant outcome.
I don't know what the solution is, but the most likely one that may happen in the end ( a housing market crash) is one that no one wants but one which the locals living here (or who are left living here) are going to have to deal with while a lot of these absentee landlords don't have to bear the heaviest brunt having made their "winnings" and moved on.
I'm not saying that that sort of restriction on foreign ownership or even a tax on absenteeism is the solution, but I just wonder whether the luxury to rule out any possible solutions at all even exists.