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All these moves are for voter consumption. The truth about the financial situation of the visitors doesn't really matter, to most Mexicans foreigner with a boat = rich. Same with the retirees and all the new regulations. Many people came because they needed the lower cost of living to survive, but to Mexicans they just assume they all are people of higher classes. Optically it works to single out rich foreigners, that plays extremely well to the voting public. Other ways to go after a non voting constituency seen as rich will continue to come.
Compared to Mexicans if we receive $1000 USD a month we are rich. To us that is very poor. The average school teacher and police officer are paid about $600 USD a month and that supports a family.
The new INM rules have run many people out of the country and definitely they have stopped people from moving here. One woman in the Lake Chapala area was complaining that financially she can't qualify for a Temporal visa, $2000 US a month in pension or Social Security, and she owns a home at Lake Chapala. Now she can't retire here because she can't get a full time visa and she can't sell her property. If she could find a buyer, without having the proper status, she will have to pay a 30% capital gains tax on top of the 7% real estate fee and other taxes. She will loose too much money. Lots of people are screwed and that has caused fewer people to take a chance on Mexico.
Mexico has cost itself billions trying to get a few thousand.
Compared to Mexicans if we receive $1000 USD a month we are rich. To us that is very poor. The average school teacher and police officer are paid about $600 USD a month and that supports a family.
The new INM rules have run many people out of the country and definitely they have stopped people from moving here. One woman in the Lake Chapala area was complaining that financially she can't qualify for a Temporal visa, $2000 US a month in pension or Social Security, and she owns a home at Lake Chapala. Now she can't retire here because she can't get a full time visa and she can't sell her property. If she could find a buyer, without having the proper status, she will have to pay a 30% capital gains tax on top of the 7% real estate fee and other taxes. She will loose too much money. Lots of people are screwed and that has caused fewer people to take a chance on Mexico.
Mexico has cost itself billions trying to get a few thousand.
Maybe Mexico sees all this Americans living in Mexico as a threat; remember what happened in Texas, there is a reason why foreigners cannot own land. And you are wrong about Mexican teacher working at federal schools making 600 a month.
Maybe Mexico sees all this Americans living in Mexico as a threat; remember what happened in Texas, there is a reason why foreigners cannot own land. And you are wrong about Mexican teacher working at federal schools making 600 a month.
Who said anything about teachers who teach at a federal school earn $600 a month? I don't know to what federal public schools you are referring because all the teachers I know about are private and state public school teachers.
How are retired foreigners living in Mexico a threat? We spend billions of dollars a year in Mexico. We help Mexicans create businesses, pay better wages to employees, pay our taxes, etc. We are a benefit to Mexico with no downside.
Foreigners own land in Mexico. Foreigners own property in Texas. I don't know where you get your incorrect information or why you think there "is a reason" foreigners can't own land.
He refers to what happened in Texas in 1836. The government of Mexico at that time allowed Anglo settlers in Texas were established. That resulted in a disaster for Mexico, as it lost more than half of his territory.
But that does not happen now, Americans can buy land in the interior of Mexico and soon in border areas and beaches. Of course you have to be wealthy, what country want poor people in their territory?
But that does not happen now, Americans can buy land in the interior of Mexico and soon in border areas and beaches. Of course you have to be wealthy, what country want poor people in their territory?
The U.S. wanted poor people who could be paid the lowest of wages until the economy failed and then too many poor people were still living in the U.S.
U.S. citizens receiving $1000 USD a month in Social Security are not poor by Mexican standards and live well in Mexico. They can afford medical care, a maid and gardener.
Mexico has a problem with illegal Central Americans coming over its Southern Border and is trying to humanely deal with them.
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