I believe Mexico makes you have Mexican citizenship for you to be able to buy a place. I don’t know how hard/easy it is, but I think that’s there thought process behind it. Don’t allow a bunch of “foreigners” to come buy all OUR land.
My tax guy just told me last week that there’s been talks of the US actually doing something similar. With the US being a melting pot of so many cultures/races/immigrants, I don’t see that being approved.
But it is pretty sad so just have these companies just come and buy cash, plus throw in 50k on top of asking price. With these rates going up, it’s gonna price out the “regular” person even more, and more places will get scooped up by these investors.