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How the Path to Home Ownership Runs Through Mexico

nytimes.com

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Re: How the Path to Home Ownership Runs Through Mexico

#11

Post by pessimizer »

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…

I've been told that's NIMBYism, so any Mexicans forced to move are actually the oppressors.

Re: How the Path to Home Ownership Runs Through Mexico

#12

Post by Green_man »

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…

Housing isn't finite, if Americans are willing to spend money to increase the value of Mexican housing, Mexican builders/government can build more housing to take advantage of the increased demand. I don't see much reason why any country would need to ban foreign investment, especially when supply is artificially constrained by unjustifiable regulation (true of western US and Canada, no idea if true of Mexico)

Re: How the Path to Home Ownership Runs Through Mexico

#14

Post by newaccount2021 »

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…

No post body was provided.

Re: How the Path to Home Ownership Runs Through Mexico

#15

Post by drchopchop »

some_random wrote: post #9
nine_zeros wrote: post #2

Since the pandemic I have claimed that a lot of Americans will discover the power of the dollar soon, when they realize that a better QoL is just a passport and a flight away. The current inflation, rate hikes and the tug of war between buyers and sellers will only expedite this knowledge. The common person in America just cannot win in this casino.

It's famously easy to uproot one's entire life and permanently move to another country.

Extremely easy. You just have to navigate a maze of foreign visa requirements, have a large amount of money, no need to work, learn a foreign language, get your partner/dependents to agree, and be separated from all your existing friends/family. Why don't more people do it?

Re: How the Path to Home Ownership Runs Through Mexico

#16

Post by UncleEntity »

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 allowed to live there because they happened to be there first.

People complain about everything…

Re: How the Path to Home Ownership Runs Through Mexico

#17

Post by harambae »

GoToThePubMate wrote: post #7
nine_zeros wrote: post #2

Since the pandemic I have claimed that a lot of Americans will discover the power of the dollar soon, when they realize that a better QoL is just a passport and a flight away. The current inflation, rate hikes and the tug of war between buyers and sellers will only expedite this knowledge. The common person in America just cannot win in this casino.

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

Not that I endorse spreading America's housing problems to the world, but many countries in southeast asia and africa will effectively allow you to get away with renewing your visa every 6 months in perpetuity.

I knew one guy whose only legal requirement was to leave the country twice a year, for a day, in order to come back for another 6 months. But he didn't even do this - he went one step lazier and hired someone else to run his papers to the border and back every 6 months.

It's a country-by-country thing, and maybe they've closed some loopholes, but I'd be shocked if a wealthy American can't still get away with this in dozens of poorer nations.

Re: How the Path to Home Ownership Runs Through Mexico

#18

Post by tristor »

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

This situation isn't even specific to country borders, it's no different than what has happened throughout the American Midwest and Southwest post-pandemic as swathes of Californians sold their falling down shack in Palo Alto for $2M and bought houses in cash overbidding by $100-$200k in cities where a house averages $250k to buy (meaning often the winning bid was double the asking price). It's MASSIVELY driven up the cost of housing in many of these cities.

Gentrification and NIMBYISM are in constant battle throughout the world, and this is true both in inter-state, intra-state, and international economic relationships.

Re: How the Path to Home Ownership Runs Through Mexico

#19

Post by hellohowareu »

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…

I would want to analyze the inverse in order to see the issue from at least two different sides:

How does it benefit local Mexicans?

For example, having additional money in their economy: in the hands of tourist businesses, services businesses, industrial product (vehicle?) sales, grocery sales, etc.

Additionally, how does it affect the culture? For example, I'm a 100% remote software engineer. I love talking about Business & IT, and encouraging people to learn accounting & web app development, for example. And I speak Spanish, so I chat about it with locals. Most aren't interested, but occasionally I encounter some.

Where ever I go, I enjoy talking to people about how they can be self taught engineers (or self-taught in many domains, really). I encourage people to research the skills in high demand in their country, region, state, and city.

Why? Because it worked for me: Someone encouraged me to grow my skills-- So did research and saw I could become a software engineer without a degree, and lo and behold: I taught myself (mostly) via online video series, ebooks, chatrooms, forums, and 3-4 in-person classes (statistics, databases).

So, for me personally, I proactively intend to benefit the local economy where ever I go-- not just by buying what people are selling and thereby supporting their businesses, but also supporting them by encouraging their career & skill growth.

Re: How the Path to Home Ownership Runs Through Mexico

#20

Post by CalRobert »

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's getting easier. Portugal's D7 visa and NHR program make it very attractive for FIRE, and the Dutch American Friendship Treaty seems popular with US software developers who can contract themselves out.

The best law you could pass to protect the locals would be to allow people to build homes, I'd think.

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