Subject: Re: Commies!!!
Yeah, it's true that you're gonna have to regulate, but you need a catch all paragraph or two that mans you can point to that to lower the price.

In the Philippines foreigners can't own land except in certain areas. There's a catch all paragraph which means you can't contrive a way of stacking entities, etc., to get around the law and I marveled at its construction. It covered everything. But foreigners would still say you could own a home if you put the house and land into a corp that you owned. Not so. You could put the house in the corp, but putting in the land made it an illegal entity. A deed of usufruct ( similar to life estate) was enough for you to have the use of it for your life. If you put it in a corp you have to lease the land to the corp and it has to be at FMV and not nominal. Plenty of foreigners found out the hard way when the gf owns everything in the end.