I was watching a show last night, and there was the assertion made that Americans are legally unable to own land in Mexico. It reminded me, that years ago I had heard that it was Americans (or maybe all non-Mexican citizens) couldnt own beachfront/oceanfront land in Mexico, but it did not apply to inland property…
What is the Straight Dope?
Thanks, Matthew
PS— If true, are there other countries that have similar laws?
Lots of countries have laws against foreign ownership of land. The GCC countries have this rule for non-GCC citizens except in very limited areas.
http://www.mexonline.com/propmex.htm
Yes, Americans and other foreigners may obtain direct ownership of property in the interior of Mexico. However, under Mexican law, foreigners cannot own property outright within the restricted zone. Instead, a real estate trust must be set up to hold title for the foreigner.
It should be noted that this is pretty easy and handled routinely by real estate agents in areas with large tourist populations. My Mom has owned property in several parts of Mexico, and unless you plan to use it for commercial purposes it basically comes down to signing a few extra forms.
Out of curiosity, what show was it you were watching? All I can remember is an episode of King of the Hill where Hank’s dad wants to buy a time share. Hilarity did indeed ensue. 
^ I’ve seen this problem referenced on House Hunters International on HGTV.