You might be considering shopping for a foreclosed property at a distressed sale price in a resort such as Puerto Vallarta, Mexico. If so, you might as well forget it; you'll not see a foreclosure sign in Mexico!
For those of you that are considering a trip to Paradise, you will have something new to look at while sightseeing around the area; the crane invasion and the magnificent condominiums they are building!
Aside from the fact that Mexico is extremely convenient to the US and Canada, that Mexico's Senior Citizens´ Benefits Program offers up to 50% discounts on many services to retirees over the age of 60, that the Mexican government has enacted many new laws encouraging foreign investment, Mexico has become an incredible place to enjoy retirement, offering the quality of life that North Americans are accustomed to with numerous extra benefits.
While the residential and commercial real estate markets continue to struggle, with little to no hope of a speedy recovery, there is one segment of the market that could help shore up the situation. Our nation's baby boomers are coming of age and they are going to need a place to live.
You might be amazed to see that PV is approximately the same distance from Chicago, Minneapolis, and Portland as New York is from Houston, Dallas, and Denver. Relatively speaking, cities such as Houston, Dallas, Phoenix, and Los Angeles are virtually next door to PV. Another factoid; Puerto Vallarta is nearer El Paso, Texas than is Texarkana, Texas.
Like many other countries Pakistan is also enjoying a Real Estate boom. However, the confusion and chaos created through mass buying and selling might be an indication of impending doom.
After being exposed to the past year of economic frustrations, you deserve to escape from the prevailing gloom and doom. If you have ever considered traveling to or retiring in Paradise, now is the time and Puerto Vallarta is the place! You will find many great values on everything this season; values that have not been seen for almost a decade and may not be available again in the near future.
Of course, the old adage "location, location, location" still applies when purchasing a retirement property in Florida. Baby Boomers are at an age where they can take advantage of activities such as golf, water sports, biking and other outdoor adventures.
If you're a Baby Boomer and haven't yet lost all of your money in your 401k or IRA, it's not too late; come on down to Puerto Vallarta and join the Pre-Boomers. The luckiest of the Luckiest Generation are truly living "La Dolce Vita" or the sweet life in this part of the Mexican Riviera!
the prudent buyer will always locate and use an Exclusive Buyer's Agent when searching for his/her retirement residence in Mexico; where caveat emptor, or buyer beware, is the rule to follow.
Regardless of where in Mexico you had invested your $100 ten years ago, whether it was in Mexican silver, stocks, or real estate, you’ve now got at least three times as much as you would have had if you had invested in the S&P 500 SPY’s!
With the massive developments taking place in Dubai and a result of the large projects that have been undertaken, Dubai has become one of the greatest hubs for real estate investment, although the real estate market here is fairly new, but it promises tremendous growth. For all the investors, now is the best time to get hold of a piece of gold called Dubai.
As they say, all good things must come to an end; we all will pass on and when we do, the kids will probably be near retirement age. Hopefully, this will be a sad occasion for them however inheriting a beautiful condo in Puerto Vallarta will surely ease the pain!
The time has never been better for Canadians to explore the opportunities that exist in Mexico today. In terms of Canadian dollars, you can expect to find incredible condos at 30-35% lower prices than just a year ago and your cost of living will be 20-25% less than it was a year ago.
The current economic crisis in the United States has caused a rash of foreclosures not only for the low and middle-income families but has slowly crept to affluent homeowners.
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