I haven’t been paying attention in recent years and am unclear if Americans are actually allowed to “own” land in MX. Aren’t/weren’t Americans who bought RE in MX just deeded a “99-year lease,” or something of that nature … in lieu of being deeded fee-simple ownership rights? The only Americans I know of who “own” property in MX are Mexican citizens or dual citizens who may or may not have a US-born spouse on title with them, who, by proxy, also “co-own” the land and any improvements on it.
