jimbocoin on Nostr: This seems like a non-problem. Let’s take for granted that property ownership in ...
This seems like a non-problem.
Let’s take for granted that property ownership in Canada and Mexico is limited to Canadians and Mexicans respectively*. Then a U.S. citizen who wants to own property there can team up with a local in a joint venture. It would create a market for such partnerships and the best partners would get the business.
By such means, U.S. citizens could have arms-length “ownership” of property in those locations. The fact that it would be a private agreement as opposed to a State sanctioned title makes little difference in practice.
* I don’t believe this is actually the case mind you. It would depress property values in those countries to reject foreign holders out of hand.
Let’s take for granted that property ownership in Canada and Mexico is limited to Canadians and Mexicans respectively*. Then a U.S. citizen who wants to own property there can team up with a local in a joint venture. It would create a market for such partnerships and the best partners would get the business.
By such means, U.S. citizens could have arms-length “ownership” of property in those locations. The fact that it would be a private agreement as opposed to a State sanctioned title makes little difference in practice.
* I don’t believe this is actually the case mind you. It would depress property values in those countries to reject foreign holders out of hand.