Why Are One Million Americans Moving to Mexico?
In many ways, Mexico today is like the U.S. was 50 years ago…before big government, big business, and special interests whittled away the lifestyle our parents took for granted. It is full of overlooked retirement havens where you can retire in luxury without spending a fortune.
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With more than a million expats estimated to live there, Mexico is far and away the most popular destination for North Americans looking to move abroad. But—with so many places to choose from—where in Mexico should you move? It’s a very large country, after all. Much depends, of course, on what you’re looking for.
Douz, in south Tunisia, hosts the International Festival of the Sahara on October 1. Taking place at the gateway to the great desert, the event was founded as a camelracing festival in 1910. But you can expect horse races, poetry contests, and Bedouin weddings, as well.
No matter how affordable the destinations we talk about are, the simple fact is: You can’t live anywhere for free… But what if you had an income that went with you? An income that could give you the freedom you need to just pick up and go? You could spend half the year in your own cottage on the beach…work in the mornings and snorkel and relax in the afternoons. Maybe spend the other half of the year up in the mountains where it’s cool…and get paid while you’re at it…
The spread of the British Empire through trade, colonization, and conquest brought the English language to far-flung corners of the globe. But even as that empire declined and shrank, the language was left behind. And with English becoming the language of business and diplomacy, that influence is in no danger of going away.
I realized years ago that, by and large, happiness is a choice. I’ll admit that there have been times when maintaining that choice has required significant, conscious effort. But, the choice is easier now that I’m retired and living on Mexico’s Riviera Maya. Here it would take considerable, deliberate effort to be anything but happy.
Sarah Booth was only 23 when she bought her first vacation rental. It was a tiny studio in a ski resort village in Canada, but it was the beginning of a portfolio that now includes properties in Panama, Colombia, and Mexico…and an income that allows Sarah to enjoy a wonderful lifestyle from her home in Coronado, Panama. “Ultimately, my rentals have funded my lifestyle and my travels,” says Sarah. “I live for free and enjoy awesome rental yields.”
For most folks looking to move abroad, health care is a huge consideration. You want care at least as good as what you get at home…but preferably without that U.S.-sized price tag. But how can you judge which doctors and hospitals are good in another country? And, when you’re looking at a country as big as Mexico, how do you winnow down the choices?
Argentina has welcomed its fair share of Italian immigrants down through the years. So it’s fitting that natives of the southern- Italian city of Naples will celebrate the tango with the Tanotango Festival from September 4 to 7. Theaters, bars, and streets across this ancient city will be packed with dancers, demonstrations, and music. Take a visit to the Cape Coast, Ghana, on September 6 to catch Oguaa Fetu Afahye, when local chiefs dressed in traditional garb lead a procession through the streets imploring the gods to keep the town healthy.
Romania acceded to the European Union back in 2007… just in time for the global financial crisis to bite it in the neck. GDP growth, which at a robust 6% to 7% during the previous few years had been among the highest on the continent, promptly collapsed. The economy contracted by a whopping 6.5% in 2009 and remained in the red the following year. It’s been in a state of tentative recovery ever since.
With the cost of living rising in the U.S., Walter and his wife Nancy began looking at their overseas options. Mexico and the tranquil lakeside town of Ajijic stood out after the couple’s first visit. “The fact that we could retire comfortably financially, afford to pay our own health care, and have sufficient funds to visit our children and grandchildren back in the U.S. was a major factor in deciding to make the move,” says Walter.
Whatever you dream about, come with that in mind. And dream big. Because at our Fast Track Your Retirement Overseas Conference in Las Vegas, we’ll pinpoint for you on a map the places where you can turn your dream into reality…for a small fraction of what you’d pay at home.
Mexico City is like a large European city with a tropical jungle twist. It’s also one of the largest cities in the world, but you wouldn’t know it from the cool, calm atmosphere that presides over the Roma Norte neighborhood where I am staying for a few nights. My life has a travel writer takes me to great places like this all the time. I’ve explored the bohemian cafes of Prague…the seductive beaches of Portugal…a seaside village in Turkey…and the neighborhoods of Buenos Aires.
If money were no object, what would your dream retirement look like? This fall, we’ll show you where you can easily make that dream your reality…for a lot less than you think. Your own cottage on a quiet beach…an apartment in a city vibrant with concerts and cafés…a mountain villa where the air is crisp…
Warm and sunny days…beautiful people lounging on the sand as surfers vie for choice waves… palm tree-lined boardwalks in picturesque beachside towns, dramatic craggy cliffs…the California coast has certainly captured the popular imagination. No wonder; it’s one of the most pleasant places in the world to live. But on the flip side, it also has some of the most expensive real estate in the world and a high cost of living.
Europeans came to Icaraí and fell for the stunning curve of beach and a charming little fishing village—now it offers us cheap, beautiful beachfront opportunities. Plus, in this special edition: where you can combine profit potential and real estate for personal use in the Algarve…questions to ask before doing a deal on productive land…short-term rental markets and the local laws you should be aware of…and more.
Land in the Tulum area on the southern edge of Mexico’s Riviera Maya can be a strong opportunity…as long as it’s the right land. On my recent scouting trip I put boots on the ground at more than a dozen interesting communities (including some planned lot communities). As long-time readers of Real Estate Trend Alert know, Tulum is stunning. It’s home to some of the world’s finest white-powder beaches…backed by palm trees that rustle in the Caribbean breezes.
The crystal-clear emerald surf rolls gently onto the white sandy beach. Combined with the pungent salty air and gentle sea breeze, it’s nearly lulling me to sleep on my towel under one of the empty palapas on the oceanfront. Except for a local dog frolicking along the water, I’m the only one on this stretch of beach, as far as I can see. That’s not because I’m here in “low” season. The town of Progreso, Mexico, is on the Gulf of Mexico, and it hardly matters when you go to the beach. With a yearly average high temperature of 83 F and average low of 73 F, there are no bad beach days in this paradise.
Around the world, tour operators, hotels, cruise lines, and resorts are fighting for your vacation dollars. They have to pay big bucks to buy ads in magazines and online…and they do so. But some “good press” can be invaluable to their campaign as well. San Miguel de Allende, Mexico is a case in point. It’s long been a destination for expat retirees and visitors from Mexico City and around the country.
Daily life on the beach…a breathtaking view of the bay…and live music at sunset…that’s the routine for Tari and Peter Bowman. Little did they know in 1981 when they took a trip to Puerto Vallarta that their lives would be changed forever.
It was my second week traveling alone in Mexico and I was staying in a tiny, vibrant surf town called Sayulita. I’d already spent my day sitting in a beach café writing, watching surfers slice through the water, and listening to waves break on the shore.
The first time I saw this sight, I wondered, “What the heck!” The photo above was taken in San Miguel de Allende—one of my favorite cities in all of Latin America… (Apparently a few other people like it as much as I do—in 2013 it was voted the #1 travel destination by Condé Nast Traveler readers.)
The waves are tall and the surfers are out in force. Across the dark blue cove, a lone white sailboat sways back and forth. The temperature is in the high 70s F and the air smells strongly of salt and sea. For Jennifer and Gary Culp, this is the backdrop to their retirement: salty ocean air, cotton candy-pink sunsets, fish tacos, and friendly, fast-paced Spanish.
A little over two years ago, my husband and I turned that quest to rescue our retirement into a reality and relocated to the Pacific coast of Ecuador. A big part of the process was shedding all the excess stuff we’d accumulated in pursuit of the “American Middle Class” ideal, in favor of the new experiences we’d be free to have once out from under it all. Swapping the hamster wheel for a simpler, less object-oriented way of life turned out to be the trade of a lifetime.
I was accidentally napping (it happens sometimes) in my favorite chair in the den when I was awakened by the loud, unmistakable lowing of a cow. It was the local milkman announcing his arrival with an amplified recording. In just a few minutes, we received our delivery of milk and cheese from his specially equipped motorcycle and cart. Other vendors regularly wind their way through our middle-class Mexican neighborhood selling fruits, vegetables, prepared food, bottled water, and even pots and pans. It is not only charming, it is convenient.
Want to lose five pounds fast? Instead of spending mega-bucks at an exclusive fitness spa, how about moving to the UNESCO World Heritage site of Guanajuato, Mexico? A friend who tends to puts on weight drops five pounds every time she returns to town after a trip to the States.
Puerto Vallarta (often referred to as Vallarta or just PV) is known for its friendly atmosphere, so it’s not surprising that it attracts a lot of tourists. Many of the expats you’ll meet here started out as tourists. The ones I spoke to told me they came here on vacation but realized pretty soon that they didn’t want to leave. As soon as they went home, they changed their lives to move here. You can’t get a better stamp of approval than that.
It is another beautiful morning in San Miguel de Allende. My husband is always the first one up, and turns the fountain on in the courtyard so I can hear the trickling water fall into the pond below it and smell the coffee brewing.
If you’re thinking of buying property overseas, right now the stars have aligned to bring you an unbeatable opportunity on Mexico’s Caribbean Coast.
This stunning stretch of coast is on the up thanks to the convergence of major trends along these stunning white sands. North Americans are back buying in numbers thanks to a strong stock market and recovering real estate values back home.
Mexico is set to become a developed country. Right now, this “investors’ darling” is entering the end game of decades of change, which will culminate in a fast-paced “convergence” with its powerhouse neighbor to the north. The idea of convergence is a simple one. Over time, forces will reduce great disparities.
Do you like the idea of a life at sea…but only in short doses? Sunset cruises, fishing excursions, day trips, and the occasional long weekend jaunts to anchor off a remote island…? The ocean can be your playground.
Five months ago I spent two weeks scouting through Thailand—most of that was spent in Chiang Mai, for that is where the opportunity lies. This is a complicated market, as I explain in a special edition of Real Estate Trend Alert—ready to download here.
In this special edition, you’ll also discover… How to profit from inefficient markets… The condos in Medellin, Colombia that you should avoid… And lots more…
Thirty million Tripadvisor readers voted Tulum #2 in their top 10 Beach and Sun Destinations worldwide in 2010. When you see the beaches, it’s easy to see why … silky white sand, dotted with palm trees, and washed by bright-aquamarine Caribbean waves. Offshore, the coral reef beckons, with a rainbow of exotic fish.
Mexico’s Yucatán peninsula is a place set off from the rest of the country, as peninsulas often are. That helped it keep its distinct Maya culture… and a culinary culture that is now making waves. As cooks and food enthusiasts seek out the origins of various ethnic cuisines, they are looking to Yucatán for answers.
On a typical day in Tulúm, Mexico, I get up before the sun and come out onto the beach to watch it rise. Then I come back in, check my emails, and have some breakfast. After that I go for a run, have some more breakfast, and go back out to watch the water. Some days I go into town and get a bite to eat. Other times I drive up to Playa del Carmen, which is 45 minutes away, for provisions. Most of the time, I just hang out here at home.
Living or travelling abroad for extended periods of time is something most only dream of…and for good reason. It certainly was for me seven years ago. However as I write this, I am sitting in a high-rise in Panama, having just arrived from six weeks of sunshine and warm weather on the Pacific coast of Mexico.
I grew up in a really small town in the northern U.S., where cows probably outnumbered people 1,000 to 1 and I, alone, made up 20% of my graduating class. If it weren’t for having our own postal code, we probably would not have even been considered a town at all—more like a rest stop, maybe.
In Tulum, Mexico, you’ll find some of the world’s finest white powder beaches… They’re backed by palm trees that rustle in the Caribbean breezes… It’s a special place to spend time. You can kayak on a white-bottomed lagoon…or stroll along picture-perfect beaches to your yoga class before breakfast. You can visit ancient Maya ruins or swim in a cenote.
Everybody comes to the “Where overseas?” question with his own set of preferences. This one wants beach, that one cool weather. This woman wants to be four hours from home. And that guy is looking for a place to dock a sailboat.
When you’re pinpointing your ideal destination, start with list of what’s most important to you. And understand: No place is perfect. You have to prioritize. For a community she loves, “madame must-be-close-to-home” might just stretch her travel time to four-and-a-half hours.
White-sand beaches…majestic mountains…historic colonial cities in Latin America…small-town Europe…whatever you dream about can be your reality a lot faster, more affordably, and easily than you probably imagine.
A special edition of Real Estate Trend Alert—on my buy of the decade on the Riviera Maya. In this special edition, you’ll also discover…
What happens when unstoppable tourism demand meets limited land opportunities… The excellent protection offered by Brazilian “reciprocity” contracts (I just got a check for $20,000)… A new real estate investment trust in Ireland… The opportunity in retirement care in Ecuador… Incentives to invest in Panama City’s 341-year-old historic quarter…
- Population: 116,220,947
- Capital City: Mexico City
- Climate: Varies from arid to tropical
- Time Zone: GMT-8 to -6
- Language: Language
- Country Code: 52
- Location: Mexico borders the Caribbean Sea and the Gulf of Mexico, and the North Pacific Ocean