Foreign Ownership of property

[jesm]

Such changes in value for Mexican, and elsewhere, resort properties has been common. This is more reflective of general exonomic conditions, especially in areas with a large number of American owners. Many,many 2nd home purchases here were funded by 2nd mortgages (home equity loans) and when the US real estate market collapsed banks started asking for that money back as the home value no longer covered their exposure. Under pressure to repay many owners were forced to quickly short sell at much lower prices. If you are optimistic on the Mexican 2nd home market and have cash this is a great opportunity to buy for a longer (10 yr horizon) investment.

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Privatization,ie equity ownership, of those "crown jewels",probably not. More participation, such as joint development agreements with shared profits ,very likely, especially in Pemex. They seem to lack the capital needed for the very expensive deep water well production and with partners contributing cash and technology could be pulling up much more oil. Pe?a Nieto is favoring this type of foreign involvement.