Seen this:

http://incertus.blogspot.com/2008/06/mexico-should-build-fence-to-keep-those.html

Ironic indeed, I wonder though what are the exact stipulations of non-U.S. citizens owning property outright? I know in Mexico that foreigners are limited to the powers in owning land.

hey christina, i hadnt seen the blog. funny! i did see the news of people driving across the border for gas. i think i linked it in a post a little while ago, not sure. thanks.

KL, that's a good question.

Nez the article states what the ownership stipulations in the US for non citizens are: they are in fact minimal. Also, since I have sold RE for a living, I can assure you the process for non-residents is simple. However, any money you are using in the transaction is checked for provenance. Theoretically.
I've seen those requirements easily skirted {my lips are sealed as to how}and even noticed that certain banks co-operate in doing that more than others.
So, expect the next level of this development to be certain people {yo, Lou!} questioning where the money is coming from. With the big narcowar currently taking place just south of the border {see narconews} it's not hard to make a connection if you are so inclined. But that isn't the source.
For me, the story says that after seven and a half years of Bush misdirection and several decades of US citizens colluding with their leaders to delude themselves that all is bright and wonderful, little birdies like this article can now be heard tweeting above the din.
Global purchase of US assets and properties is way up and will increase as the current crisis deepens and bargains become irresistible.
Mack trucks {used} are being bought up and shipped to Siberia every day because they can't find buyers in the US. Heavy Construction equipment is being bought up in the failed RE states {my on the ground news from last week was out of Cleveland Ohio} and sent to the Caribbean and to Venezuela and to Brazil. We mean in the amounts of multiple millions of dollars of goods.
A few residences in Texas is nothing.
Anyone keeping track of how much of Wall Street that China, India, Saudi Arabia and Brazil now own? How many very large agricultural operations have left California for Mexico?
Tweet, Tweet!!

I'm sure that there is no lack of American biz partners that would lend a hand in some sort of joint venture to cut the legal red tape? I do not think there is a problem though what with all the property that China owns in the US?? Just a thought....

Damn,. we posted the same thing today. But, then... I'm waiting on some drawings and have time to play on the computer.

richard! i poke my head up one of the few days in the last two weeks to post at all and you are here cracking the whip. in my house! you've been reading your book too much lately! you imagine you are with cortes' crew hustling the indians. pour another scotch, jefe. enjoy the plática. arte be bubbling up every day. me and david iz on it.

Now that is what I call karmic/historic jujitsu!

Just to be clear: it is very easy for foreign corporations to operate in the US and very easy for non-citizens to buy property. Partners are not necessary. Repeat, NOT.

In the early eighties I worked at a private country club a little north of Brownsville TX. Close to half our members/homeowners were from Mexico. When the peso devalued in 82 from 27/1 to almost 2700/1 we almost went bankrupt.