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Mexico, Pacific Ocean's best beach front

1/15/2014

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From retirees to sports enthusiast to people searching for affordable beach property, the elegance of Mexico’s Pacific coastline has captivated Americans south of the border for years. However, primarily because of the country's laws and regulations preventing foreign property ownership along the coastline, having that beach-side haven has eluded numerous Americans.

A planned constitutional modification by Mexican Congress could make it simpler for foreigners to acquire a property on Mexico’s coastline – a move that continues to be cheered on by people who want the country's Pacific coastline to be the future retirement paradise. The proposed constitutional modification has divided people in Mexico among those who think these northern investors will bring a raise to the local economies and those people that believe it is a slander to the country's history and sacred land.

The planned change is to allow a portion of more substantial expansion of foreign pursuits into the nation’s previously - firmly regulated economy. The plans have angered many Mexican who see foreign purchase as a violation of the country’s national sovereignty.

Early this year, President Peña Nieto recommended opening up the nation's state-run oil firm, Pemex, to private and foreign investment, declaring that the company’s obsolete and inadequately managed equipment is hampering the nation's possibilities of dredging up gas in the deep rich waters in the Gulf of Mexico.

Corporations such as Petrobras and ExxonMobil, Brazil's oil giant that appear to be like an ideological and local match with Pemex.  They have indicated that they have a desire to explore Mexican waters. Carlos Slim a Telecommunications billionaire has also showed his interest in getting involved in his nation's oil industry.

Together with the national sovereignty concern, some experts stress that prevalent coastal progression by people from other countries would have a significant and adverse environment impact especially in the aftermath of last month's tropical storms.  The storms had taken a toll but the destruction was increased due to the fact that there has been an enormous volume of coastal progression that has reduced trees, damaged beachfront hills and exhausted essential wetlands.

If the changes happen and people from other countries are allowed to purchase properties in Mexico the increase in jobs would not necessarily help the Mexican economy.  Studies suggest that the jobs would actually go to foreigners.  Despite these things it is most likely that many retirees will still come from the South and the North to have a chance at that a lifestyle that many just dream about.  

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    Authors

    Luis Mata - Editor
    Jenn Gragert - Editor


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