How the Path to Home Ownership Runs Through Mexico • Hacker News Board

Re: How the Path to Home Ownership Runs Through Mexico

#51

Post by gwbas1c » Mon, Jul 25, 2022, 3:29 PM UTC

ChuckNorris89 wrote: post #4

And what's the path to home ownership for Mexicans being priced out by Americans? I'm not Mexican nor American, but I'm against this economic neocolonialism where rich countries get to export their self inflicted housing issues by pricing out the locals in cheaper countries who, through no fault of their own, get the short end of the stick by means of capital leverage, or lack thereof. Laws should be passed in each c…

It goes both ways. Americans complain about Mexicans moving into the US, Mexicans complain about Americans moving to Mexico.

IMO, the problems with restrictive boarders are so much worse.

Re: How the Path to Home Ownership Runs Through Mexico

#52

Post by dragonwriter » Mon, Jul 25, 2022, 3:30 PM UTC

ChuckNorris89 wrote: post #4

And what's the path to home ownership for Mexicans being priced out by Americans? I'm not Mexican nor American, but I'm against this economic neocolonialism where rich countries get to export their self inflicted housing issues by pricing out the locals in cheaper countries who, through no fault of their own, get the short end of the stick by means of capital leverage, or lack thereof. Laws should be passed in each c…

> Laws should be passed in each county to protect the locals from this

You mean, like a law requiring individual permission from the Foreign Ministry to purchase property and also imposing extra, recurring costs on non-citizens “buying property” in select areas, like within 100km of a border or 50km of a coast (with “buying property” in quotes be because they actually don't hold title but are the beneficiaries of a renewable trust held by a local bank that actually holds title?

That's a good idea. Mexico should look into doing that.

> but I rarely see this happening as the home owners in each county enjoy watching their assets boom

Restrictions on foreigners holding real property are...actually not that uncommon of a thing for countries to have.

Re: How the Path to Home Ownership Runs Through Mexico

#53

Post by ChuckNorris89 » Mon, Jul 25, 2022, 3:33 PM UTC

substation13 wrote: post #33

ChuckNorris89 wrote: post #28

Earlier quoted context omitted.

>How does it benefit local Mexicans? Let me flip the script on you. How did rich Arabs, Asians and Russians buying US, London, Vancouver, etc. realestate benefit the average American/local? How much of their investment money ended up in the Average Joe's pocket? How much was his life improved from that added money? If you answer me this, I will eat my own hair. I'm tired of this trope that real estate economic coloni…

I suppose the difference is if the person actually lives in and contributes to the community or not. Many properties bought by Asians and Russians in tier 1 western cities (London and Toronto are the obvious examples) are not even lived in; they are simply places to store wealth since the home regime isn't trusted.

And what exactly would be the added benefit to the locals if those millionaires would actually live there?

That now there are consumers in the area willing to spend $10 on a latte instead of the usual $2?

Congrats. Now local consumer prices will increase even more.

Re: How the Path to Home Ownership Runs Through Mexico

#54

Post by jdmg94 » Mon, Jul 25, 2022, 3:55 PM UTC

this shit is colonialism, and instead of Americans staying and fixing their country they'll just go ruin somewhere else

Re: How the Path to Home Ownership Runs Through Mexico

#55

Post by coding123 » Mon, Jul 25, 2022, 4:14 PM UTC

UncleEntity wrote: post #16

ChuckNorris89 wrote: post #4

And what's the path to home ownership for Mexicans being priced out by Americans? I'm not Mexican nor American, but I'm against this economic neocolonialism where rich countries get to export their self inflicted housing issues by pricing out the locals in cheaper countries who, through no fault of their own, get the short end of the stick by means of capital leverage, or lack thereof. Laws should be passed in each c…

You could look at it like “a rising tide lifts all boats”. Nobody complains when SmallTown USA gets new people moving in and expanding the local economy with jobs that would otherwise not exist causing a drain of locals to the big city to look for work. Umm…Ok, some people do complain about that I will admit because they “price the locals out of the market” assuming they somehow have the right to dictate who is allow…

Our laws don't dictate who is allowed to live somewhere, but pricing people out, now matter where, actually causes homelessness because they can no longer afford homes in the area they live.

Re: How the Path to Home Ownership Runs Through Mexico

#56

Post by jimt1234 » Mon, Jul 25, 2022, 4:20 PM UTC

wing-_-nuts wrote: post #43

One thing that I think isn't treated seriously enough is the sheer amount of violence in mexico. The article downplays it; says it's only an issue with those involved in the drug trade, or in certain neighborhoods. Go watch 'cartel land'. Mexico is basically a failed narco-state in many provinces. You'll forgive me if I'd rather not live there. Hell, I have concerns that prevented me from traveling there for the 2024…

I really dislike this attitude. I think it's over-hyped in the US media. Yes, there's violence in Mexico. But, as I always say: As long as you're not looking for cocaine or prostitutes, you'll be fine. I've been going to Mexico, including Tijuana, for 30 years, probably between 500 and 1000 times. I've seen crime, but never any sort of narco violence or mass shootings or whatever. My biggest concern in Mexico is getting shaken down by the police, and well, breathing - the air quality is shit as soon as you cross the border.

Re: How the Path to Home Ownership Runs Through Mexico

#57

Post by notch656a » Mon, Jul 25, 2022, 4:29 PM UTC

nine_zeros wrote: post #26

GoToThePubMate wrote: post #7

Earlier quoted context omitted.

> A better QoL is just a passport and a flight away. Ummmmmm And an immigration visa.

The trick is to go into a country, stay there for the max allowed duration. Then you fly back to US or visit another country for a month and go back to your base country. You can do this with Visa-on-arrival at most countries with a US passport.

Yeah that and there's tons of countries where it's easy to get a long-term visa or immigration status that doesn't allow you to work. I can also name plenty of countries where as long as you don't work (and even possibly if you do) your chances of getting deported as an illegal immigrant are about zero unless you've done something to really piss off the community. One of the more amusing is Argentina -- you can literally show up on day one, file a case for citizenship, and your court docket serves as 'citizenship' for prevention of deportation.

In the USA, if you don't seek employment and stay out of the 100 mile 'constitution-free' zone and live in a state that doesn't link the criminal justice system to immigration (I think California is an example) I think the chance of getting caught as an illegal immigrant are about zero unless you catch a felony or something.

Re: How the Path to Home Ownership Runs Through Mexico

#58

Post by notch656a » Mon, Jul 25, 2022, 4:42 PM UTC

user-one1 wrote: post #38

a2tech wrote: post #31

Earlier quoted context omitted.

Whats the land buying situation like and pricing? A lot of countries have weird rules around foreigners buying property.

As far as I know, anyone can buy land/properties here. I think the only restriction is that foreigners are not allowed to buy land up to 30km from the border or something like that. Prices are way cheaper than in the US but probably more expensive than other south american countries.

Uruguay always interest me but I heard it is basically impossible to naturalize as the judge holds evidence of ties to Uruguay to an impossibly high standard. I guess that makes sense since Uruguay is a very open nation with easy permanent residence, closely guarding citizenship allows you to hold priveleges of your citizens dear while grasping the benefits of open borders to goods and labor.

Re: How the Path to Home Ownership Runs Through Mexico

#59

Post by notch656a » Mon, Jul 25, 2022, 4:53 PM UTC

jdmg94 wrote: post #54

this shit is colonialism, and instead of Americans staying and fixing their country they'll just go ruin somewhere else

Is it colonialism when Mexicans come to America? Personally I'm happy our neighbors are here and I hope to see even more intermingling of Mexicans to America as we share a lot of cultural values and I see the Hispanic community as a source of enrichment to our nation. Mexico allows foreigners to buy property, and with a special bank trust even border property. Even going into ghetto areas of border towns I have been treated very well by the Mexican locals and they never treated me like they felt I was ruining their community by experiencing it with them.

Seriously, go to a border town and find a run down neighborhood, sit at the bar and have an abuela serve you up a cerveza. Then report back whether you are treated well or as a ruiner of the community. My experience in latin america is you'll be treated by how you act as an individual.

Re: How the Path to Home Ownership Runs Through Mexico

#60

Post by ChuckNorris89 » Mon, Jul 25, 2022, 5:02 PM UTC

throwaway0a5e wrote: post #36

ChuckNorris89 wrote: post #28

Earlier quoted context omitted.

>How does it benefit local Mexicans? Let me flip the script on you. How did rich Arabs, Asians and Russians buying US, London, Vancouver, etc. realestate benefit the average American/local? How much of their investment money ended up in the Average Joe's pocket? How much was his life improved from that added money? If you answer me this, I will eat my own hair. I'm tired of this trope that real estate economic coloni…

How is this any different when some rich tech bro from CA cashes out and buys acreage and a McMansion an hour out of Dallas or some stock broker does the same in Florida?

Because it's Americans doing stuff in America, where everyone has, in theory, the same economic opportunities so they can do what they want with their money independent from their state. It's the same country.

It's where they live, make their money and pay their taxes so they're free to spend it there as they please, so the housing and societal issues high earners cause stays internal instead of exporting it to others countries with lower purchasing power where the locals have fewer economic opportunities than Americans.

People from Florida can also easily go and work top paying jobs in CA, while foreigners outside of the US can't just walz in and get high paying CA jobs whenever they want due to visa issues and other barriers put in place. That's the difference.