Posted on 06/26/2008 1:55:12 PM PDT by blam
Mexicans urged to reclaim a piece of Texas
By Tom Leonard
Last Updated: 9:11PM BST 26/06/2008
Mexicans are being encouraged to reclaim a piece of Texas, more than 150 years after they lost the Lone Star state to the United States. Texan estate agents are heading south of the border to drum up the interest in buying cut-price land and property in the foreclosure-hit state.
Thanks to a rising Mexican peso and an economy which is growing faster than that of the US, a country that has previously been looked on by America as a source of cheap labour is now seen as a potential source of rich investors.
A "Texas for Sale" sign and cowgirl-clad models greeted visitors to a recent property fair in Monterrey, Mexico, at which hundreds of Mexicans looked over lists of potential investment opportunities.
Virgilio Garza, a Monterrey developer, said he and his partners were considering investing $8 million in buying up foreclosed homes in Texas.
He told Bloomberg: "Texas is like our home. We believe there can be some opportunities."
Marco Ramirez, a Texas estate agent, said that residents of Monterrey, which is 150 miles from the Texas border, were his best hope of buying the 120 foreclosed properties on his books.
"Many of these people have children who are studying in the US. They've been renting or leasing and now it's a great time to buy."
America annexed Texas in 1845 after Texans gained independence from Mexico nine years earlier following the Battle of the Alamo.
(Excerpt) Read more at telegraph.co.uk ...
You mean sending all their uneducated people to the US has been a boon for the Mexican economy? Weren't the WSJ types insisting that it was supposed to help us?
“Americans are accustomed to spending money taken out of equity built in their house.”
Every one of them deserve to lose their home!
You are no Texan. We don’t cotten to that.
I was thinking more along the lines of reciprocity-the Golden Rule.
I have zero problem with others investing in our country.
It makes more money here, and they pay property taxes.
messico’s a mess.
With regard to open borders, since your family never fought for this country, you believe anyone should be allowed to come here. You don't see America as your home. You see it as a cash cow to be exploited for your own advantage.
Future generations be damned so long as you can make a ruble.
Ivan, you're just the sort of immigrant this country does NOT need. If you want a base of operations from which to plunder, why not just go back to Moscow?
No problemo!...They can all go squat on Jorge’s ranch!
Gawd, this crap just makes me ill. Time has come to put this stuff to rest.
My antipathy, Lyudmilla, is toward people who come here just to use MY country as a base of operations from which to plunder, be they poor campesinos or "educated" Russians. If all you wanted in a country is a safehaven for piracy, you should have stayed in Moscow.
They’ve reclaimed a substantial % of the jail cells in Texas already
It would be better to fly the tricolor of France on Cinco de Mayo. I always eat French Food on that day.
You are clueless. People investing in US is not exploitation of US. We have Treasury Secretary going around the world as we speak, trying to bring more capital in US. Sorry sweetie, you are barking up the wrong tree.
The golden rule says nothing about reciprocity. The golden rule is do unto others as you would have them do unto you. It is NOT do unto others as they do unto you.
So if you would have freedom of property rights, then the US should have them whether Mexico does or not.
True, but the full Golden Rule is an ideal, and the right place to start. When I see that it isn't reciprocated at all, I fall back on "Fool me twice." Sorry, that's all I can manage.
Americans should reclaim Mexico City that was conquered by a combined arms campaign led by General Winfield Scott.
After Santa Anna was safely gone, the Aericans voluntarily left. It is time to reclaim the spoils of that victory.
(he, he....I said Victory)
You should take it as a compliment that people in other countries would like to invest their money in the Lone Star State. We’re talking about business people investing money legally in your state; foreign investment helps create jobs for native born Texans.
Look at Toyota.....they have auto plants across the U.S., and support U.S. troops. Ford Motor Company lately has been pushing the global warming hoax and is trumpeting the gay agenda. These days, Toyota seems to have more traditional American values.
Illegal immigration is completely different. The threat from illegal immigration in Texas, like my former adopted State of California, is alarming, outrageous, and must be reversed. The Mexicans purchasing property in Texas aren’t trying to reclaim the state; they’re trying to buy a piece of the American dream, and they all have valid visas.
I remember back in the 1980’s when the Japanese were paying top dollar and buying up choice real estate across America. They (the Japanese) bought a controlling interest in Rockefeller Center in New York, and everyone was in an uproar back then. As it turns out, the Japanese had to sell their controlling interest when the recession hit Japan, and they lost over $1 billion on their Rockefeller Center investment because they overpaid.
By the way, if I were fortunate enough to live in Texas, I’d be in the Minutemen. I’m for legal immigration, but vehemently opposed to illegal immigration.
Have a pleasant evening.
Don’t forget Veracruz, in 1914.
ROFLMAO! Now, I’ll have to try that!
No one say it bad thing invest in US, Grushenka. Just best be straight up and above board. This America. No need play games.
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