[Ancesthntr]

“A plot to change the legislative landscape?”

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Not quite. In my experience, in the San Antonio area, most of the buying by foreigners is coming from Mexicans who are in the upper middle or upper classes. In my opinion they are seeking to preserve a lot of capital, at a minimum, or to have a place to run to if and when Mexico goes the way of Venezuela. This is about having options, not some plot. Sometimes, the simplest explanation suffices.

[ameribbean expat]

I see the same thing, and would add they use it as a base for annual shopping pilgrimages for themselves, family, friends, employees, business partners. Status symbol and safe haven investment.

[Cowgirl of Justice]

We out to follow Mexico’s lead so far as foreign investment and not let foreigners buy American land PERIOD.

[maro]

Yep. The chaos in Venezuela is no doubt making a lot of well to do Latin Americans wonder where they would go if the Left took control of their countries.

[Jane Long]

And, if they invest a big enough amount, they also get a Visa.

How nice of the USA.