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Wednesday, May 10, 2006

Boomer buying spree hitting obstacles in Mexico

"Flush with equity from the steep run-up in U.S. real estate prices, American boomers are snapping up properties in Mexico, helped by a change in rules that has made it easier to purchase in coastal zones that were once off limits to foreigners...But some buyers are finding out the hard way that consumer protection hasn't kept pace with soaring demand."

Los Angeles Times

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