Mexican Land Boom Lures Gringos.

The article focuses on the popularity of land in the west coast of Mexico among U.S. investors and speculators in 1959. It notes that beach fronts are selling at a bargain price of 16 dollars and U.S. investors are quietly purchasing choice sites either for personal use or future resort development. It notes the emergence of de luxe hotels and motels, new paved roads and airstrips as a result of the land boom. It details the legal aspect of foreign ownership of land along the beach or frontier.