Pros and cons of purchasing land or homes in Baja California
May 5, 2004 9:18 AM   Subscribe

Has anyone purchased land/homes in Baja California in the last 5 years? I'd like some opinions on the pros/cons.

I'm looking for advice from foreign (non-Mexican national) owners.
posted by vignettist to Work & Money (2 answers total)
 
Foreigners cannot own most desirable land in Mexico, in particular that located close to the coast, which would appear to be most of Baja.

You can, however, invest in a real estate trust, wherein (as I understand it) the bank owns the land for you.
posted by mwhybark at 7:17 PM on May 5, 2004


Response by poster: We've been talking to some folks about the trusts, now we're trying to do our due diligence and find some independent corroboration. That helps, thanks for that.
posted by vignettist at 11:27 AM on May 6, 2004


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