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It was certainly refreshing to read a positive story concerning life in Mexico. Expats are still moving to and remaining in Mexico, even as the drug cartels decimate parts of Mexico and threaten to bring the violence across the border to the US. Mexico certainly has more than its share of internal problems, but so does every other country on the face of the Earth!
Sorry about the embedded format commands in the blurb. Just go to the page link and read the complete story. Thanks!
Mexico drug war doesn't stop Americans from moving south of the border - Yahoo! News (http://news.yahoo.com/s/csm/20100604/wl_csm/304758 - broken link)
It was certainly refreshing to read a positive story concerning life in Mexico. Expats are still moving to and remaining in Mexico, even as the drug cartels decimate parts of Mexico and threaten to bring the violence across the border to the US. Mexico certainly has more than its share of internal problems, but so does every other country on the face of the Earth!
Sorry about the embedded format commands in the blurb. Just go to the page link and read the complete story. Thanks!
Mexico drug war doesn't stop Americans from moving south of the border - Yahoo! News (http://news.yahoo.com/s/csm/20100604/wl_csm/304758 - broken link)
Loved all the positive quotes! YES, in our very little neighborhood 1/2 hour from Vallarta within the past year we've seen a number of lot sales. We presently have two houses under construction on lots purchased this year by Canadians. This is in a maybe, 12 lot subdivision! Those are pretty good percentages.
Loved all the positive quotes! YES, in our very little neighborhood 1/2 hour from Vallarta within the past year we've seen a number of lot sales. We presently have two houses under construction on lots purchased this year by Canadians. This is in a maybe, 12 lot subdivision! Those are pretty good percentages.
My only negative though about the increase of expats and retirees in Mexico, is that the government of Mexico is somewhat unstable and has a history of "left turns" in its governmental history. I think that I might want to hang back with any significant financial investment in Mexican real estate. The Mexican government has expropriated person property in the past. IMO, I would be more comfortable renting property rather than investing in real estate property.
Investing money into real estate in Mexico is a turkey shoot. There will be good and bad misses (reference to location etc) and a persons particular needs and desires. Spend a little or spend a lot. it is all amatter of choice.
Yes...a person can rent if they choose or invest a small amount and live with the comfortable basics.
Thats what I did in Baja. I invested a total of $40K towards a vacant lot and house (1450 sq ft) I built. I'm 1/3 mile above the water and some $395,000 to $1.2 Mil houses in a gated area on the beach. They have the same view as me except they are theft bait while I'm amongst the locals and have no problems in the last 14 yrs here.
Granted...not everyones choice is the same...but it works for me.
My only negative though about the increase of expats and retirees in Mexico, is that the government of Mexico is somewhat unstable and has a history of "left turns" in its governmental history. I think that I might want to hang back with any significant financial investment in Mexican real estate. The Mexican government has expropriated person property in the past. IMO, I would be more comfortable renting property rather than investing in real estate property.
Until the Mexican government starts expropriating banks, those who own and have bank trusts should feel pretty safe with their investments. I have heard from many in the know that these [trust] banks protect and defend the trusts they hold ferociously. It is certainly in their and the Mexican government's best interests to protect those ex-pats who invest billions of dollars in the Mexican economy each year.
Clearly, however, there are areas that have been affected by unscupulous developers, sellers and/or their representatives. Waterfront props and those without trusts are probably the most vulnerable.
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Expats are still moving to and remaining in Mexico, even as the drug cartels decimate parts of Mexico and threaten to bring the violence across the border to the US. Mexico certainly has more than its share of internal problems, but so does every other country on the face of the Earth! 
