Posted on 04/13/2005 6:29:49 PM PDT by Scenic Sounds
Much attention has been focused on the immigrants moving from Mexico to the United States, but 1 million Americans have decided to retire in Mexico.
The number of U.S. citizens living in Mexico has risen fivefold from just 10 years ago, according to the Dallas Morning News.
Americans living south of the border enjoy sunny weather, low costs, lots of cultural opportunities, but there's also Wal-Mart, Sam's Club, American-style supermarkets and shopping malls as well as baseball, said CNN/Money.
In San Carlos, Mexico, one of the more expensive Mexican communities, an average house -- three-bedroom, three-bath, 2,000-square foot house with a sea view and a swimming pool -- sells for between $300,000 and $500,000, says Bruce Greenberg, a real estate appraiser. However, property tax on a $200,000 house may come to only about $30 a year and housekeepers can be hired for as little as $10 a day or less, according to Greenberg.
Practice your Spanish. ;-)
....we can work it out, we can work it out...
I'm planning on Belize or Costa Rica, myself.
I bet they go through legal channels for legañ status too.
Why don't we just trade countries and be done with it? :)
Americans can not own property in Mexico. Do not fall into that trap. American old folks have been raped by Mexican law in this regard. Life savings have been lost. Do not even attempt to own property in Mexico if you are not a citizen. Unlike us Mexico makes it very difficult to become a citizen. Remember that when you start to feeling sorry for the wetbacks.
and about 7 or 8 years ago the mexican government confiscated a bunch of Americans homes in Baja.
Retirees thinking about going to Mexico might want to learn whether Mexican judges can the murder of Feeeeelthy Steeeeenkin' Americanos via pulled feeding tubes !!! -))
can order the murder
Yes, if possible, I would move to Cozumel when I retire.
Fine, do not buy property that you wish to leave to your legal heirs. Mexico will own it. Don't think for one minute I am wrong. Don't take the wrong dive!!!
Worth repeating. I have a brother-in-law who is a Mexican national and he thinks I should retire down there. I told him, "NO WAY! If I can't own property down there, I don't have rights."
Besides, at the right things are going, the dollar probably won't be worth much above the peso by the time I retire, anyway.
You can "buy" Mexican property thru a US real estate agency. Get a mortgage from a US lender and title insurance from a US title company.
Your estate can sell the property.
Ah, Mexico!
Come for the weather, stay for the narcoterrorist hostage-taking.
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