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Just in from Conde Nast Traveller
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Just in from Condé Nast Traveler... 
What is just getting underway is what many are calling the "Largest southern migration to Mexico of people and real estate assets since the Civil War" A significant percentage of the Baby Boomer s have been doing the research and are making the life changing decision to move out of the U.S.A.
The number one retirement destination in the world is Mexico. There are already over 2,000,000 US and Canadian property owners in Mexico. The most conservative number of American and Canadian Baby Boomers who are on their way to owning property in Mexico for full or part time living in the next 15 years is over 6,000,000. Do the math on 6,000,000 people buying a $300,000 house or condo and you will understand why the U.S. Government is trying to tax this massive shift of money to Mexico through H.R. 3056. The U.S government calls this "The Tax Collection Responsibility Act of 2007". Those who will haveto pay it are calling this the EXIT TAX. Mexico: A better economic choice than China Another large exodus from the U.S.A is high paying skilled jobs. The job shift in automobile sector, both car and parts manufacturing, is already known by most investors. In the last few months as John Deere and Caterpillar have been laying off thousands of workers in the U.S.A., and hiring equal numbers in Mexico.
The most recent industry that is making the shift is the aerospace manufacturers. In the city of Zacatecas there is currently a $210 million aerospace facility being built. With the 11 U.S. companies moving there, it is estimated to provide over 200,000 new high paying jobs in the coming years. One of the main factors for the shift in job south to Mexico instead of China is realistic analysis of total production, labor and delivery costs. While the labor costs in China are 40% less on average, the overall transportation costs and inherent risks of a long distance supply chain, and quality control issues, gives Mexico a distinct financial advantage.
Mexico's real economic future Mexico has avoided completely the subprime problem that has devastated the U.S. banking industry. The Mexican banks are healthy and profitable. Mexico has a growing and very healthy middle and upper middle class. The very recent introduction of residential financing has Mexico in a unique position of having over 90% of current homeowners owning their house outright. U .S. banks are competing for the Mexican, Canadian and American cross border loan business. It is and will continue to be a very safe and very profitatable business. These same banks that were loaning in a reckless manner have learned their lesson and are loaning here the old fashioned way. They require a minimum of a 680 credit score, 30% down payment, and verifiable income that can support the loan. In most areas of Mexico where Baby Boomers are moving to, with the exception of Puerto Penasco (which did not have a national and international base of buyers), there is no real estate bubble. The higher end markets ($2-20 million) in many of these destinations are going through a modest correction. The Baby Boomers market here is between $200,000 and $600,000. With the continuing demand inside the Bay of Banderas, that price point, in the coming years, will disappear. This is the reason the Mexican government is spending billions o f dollars on more infrastructure north along the coast all the way up to Mazatlan. The other major area where America has become overpriced is in the field of health care. This massive shift of revenues is estimated to add 5-7% to Mexico's GDP. The name for this "business" is Medical Tourism. The two biggest competitors for Mexico were Thailand and India. Thailand and India's biggest drawback is geography. Also recent events, Thailand's inability to keep a government in place and the recent terrorist attack in Mumbai, have helped Mexico capture close to half of this growth industry. In Mexico today there are over 56 world class hospitals being built to keep up with this business.
Mexico is currently sitting on a cash surplus and an almost balanced budget. Most Americans have never heard of Carlos Slim until he loaned the New York Times $250 million. After that it became clear to many investors around the world what Mexicans already knew: that Mexico had been able to avoid the worst of the U.S. economic devastation. Mexico's resilience is to be admired. When the U.S. Federal Reserve granted a $30 billion loan to each of the following countries Mexico, Singapore, South Korea, and Brazil, Mexico reinvested the money in Treasury bonds in an account in New York City.
According to oil traders, Mexico's Pemex wisely as the price of oil shot to $147 a barrel put in place an investment strategy that hinged on oil trading in the range of $38-$60 a barrel. Since the beginning of 2009 Mexico has been collecting revenues on hedged positions that give them $90-$110 per barrel today. Mexico's recent and under reported oil discovery in the Palaeo Channels of Chicontepec has placed it third in the world for oil reserves, right behind Canada and Saudi Arabia.
The following is a quote from Rosalind Wilson, President of the Canadian Chamber of Commerce on March 19, 2009. "The strength of the Mexican economic system makes the country a favorite destination for Canadian investment".
I would offer a word of caution for investors in Mexico. Do not be seduced by the endless natural beauty that is everywhere, both inland in colonial towns and along thousands of miles of beach. Apply conservative medium and long term investment strategies without emotion.
The demand for full and part time living by American and Canadian Baby Boomers is evident throughout the country. The top two choice locations are ocean front, and ocean view. The third overall choice, which is less expensive, is inland in one of the many beautiful colonial towns or small cities.
Mexico, with the world's 13th largest GDP, is no longer a "Third World Country", but rather a fast growing, economically secure state, as the most recent five-year history of its financial markets when compared to the US.'s financial markets suggest. *DOW JONES MAY 2004 10,200 MAY 2009 8,200 20% LOSS IN 5 YEARS
**MEXICAN BOLSA MAY 2004 10,000 MAY 2009 23,000 130% GAIN IN 5 YEARS*
Adamarie King A Conde' Nast Traveler Magazine Top Travel Specialist
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Best investment properties in Riviera Maya Mexico including Tulum Akumal Puerto Aventuras Marina
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Playa Del Carmen Real Estate
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Welcome to your number one soruce for Playa Del Carmen Real Estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a Property Evaluation. Playa Del Carmen Real Estate has never been available at a better price then now. |
Are you looking to buy in PLAYA DEL CARMEN MEXICO? In today's competitive PLAYA DEL CARMEN real estate market having the best realtor to assist you is paramount in getting the best deal and having a safe transaction. How do you know if your realtor is experienced enough to insure your getting reliable service? This website is there for you to learn more about the real estate available in Playa Del Carmen. You can search for homes, condos, Land and Commercial property. You can also setup automated searches so you know immediately when a property you are interested in has come to market. We have helped many entrepreneurs purchase businesses, bars, restaurants and commercial locations for any type business venture you may have. We help Buyer's and Seller's in all areas including: 1) Azul Fives aka the Fives 2) Mareazul 3) El Taj 4) El Taj ocean front 5) Porto Playa 6) Banyan Treen Mayakoba 7) Rosewood Mayakoba 8) Pennisula Grand 9) Capella and more!! Do you have PLAYA DEL CARMEN MEXICO property to sell? If you own real estate and you're thinking of selling your home or condo, I would be happy to provide you with a FREE Real Estate Evaluation. The market has shifted to a buyers advantage and they become harder to find and have more choices. Whether you are selling a beach front home, condo or land, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. We use all the current marketing resources to get your property seen giving it the best opportunity to be seen by a buyer In addition, if you have any general questions about buying or selling real estate in Playa Del Carmen Mexico, please contact me as I'm more than willing to help. Please browse my website for listings, reports and important Rocky Point Real Estate information.
Sincerely, Judi Shaw Living Riviera Maya Real Estate contact me 1 800 441 3275 USA/Canada +(521) 984 116 3251 Mexican cell phone |
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Playa Del Carmen Blog
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Playa Del Carmen Blog
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North Hotel zone, Cozumel - D6-Peninsula Grand beach front Condo, Cozumel Mexico, a 2,240 sq. ft., 4 bath, 3 bdrm, single story "6th floor". Now $490,000 - deluxe custom furniture. this is the only sunset view condo available and it is a rare...
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full amenities and optional hotel servic • 2,200 sq. ft., 3 bath, 2 bdrm 3 story "top floor " - $499,000 - penthouse ocean view The Fives, Playa del Carmen - $1500 Fly and Buy Travel Voucher, redeemed at Purchase Address : Playa del Carmen...
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• 1,700 sq. ft., 3 bath, 2 bdrm single story "2nd floor with grand pool view" - $428,000 - owner tells"just sell it" Playa del Carmen, Quintana Roo - With the caribbean ocean at your feet in the Riviera Maya Mexico, and the sky...
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best project best price • 1,700 sq. ft., 3 bath, 2 bdrm 3 story "condo on 2nd floor" - $390,000 - great amenities Xcalacoco Beach, Playa del Carmen - Azul Fives Beach Resort, Playa del Carmen Mexico *** AS AN INVESTOR, HAVE UP TO 1500 DOLLARS...
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this is the only condo with sunset view • 2,240 sq. ft., 4 bath, 3 bdrm single story "6th floor" - $490,000 - deluxe custom furniture Cozumel, Quintana Roo - Simply the best investment property in Mexico. Situated on the shores of Cozumel...
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Playa del Carmen (Xaman Ha' or Pláaya in Modern Maya) is a city on the coast of the Caribbean Sea, in the northeast of the Mexican state of Quintana Roo. The city is the seat of the Solidaridad municipality. In the 2005 census, the city had a population of about 100,383 people and it is rapidly growing in population. It is the third largest city in Quintana Roo, after Cancún and Chetumal.
HistoryPlaya del Carmen is named for Our Lady of Mount Carmel, who is the patron saint of Cancún. The first recorded visitors to the beaches of what is now Playa del Carmen came during the Early Classic Period (a.d. 300-600) of the Mayan civilization. Then called Xaman-Ha, or "waters of the north," Playa del Carmen was a rest stop of sorts for travelers making their way from the great cities of the Mayan world to the island of Cozumel. The coast and lowlands of the peninsula were still heavily populated with the descendents of the fallen civilization when the Spaniards arrived. Tulum, less than an hour south of Playa, was the last Mayan outpost and there are plenty of small ruins in Playa del Carmen. The Spanish focused their attention around the area of Mérida, where conditions were better for growing henequén (sisal), a fibre used to make rope. During the 17th and 18th centuries, the Caribbean coast was considered a savage place with not much to offer for potential settlers.
TourismOriginally a small fishing town, tourism to Playa del Carmen began with the passenger ferry service to Cozumel, an island across the Cozumel Channel and world famous scuba diving destination. While passing through, many people realized that it was a nice place to relax away from the crowds of Cancún but with the same quality beaches and turquoise waters. Perhaps just as impressive as Cozumel, Playa del Carmen's coast offers good scuba diving opportunities, as well as cenote diving for the more adventurous. Today Playa del Carmen, or just "Playa" as it is colloquially referred to, is the center of the Riviera Maya concept, which runs from south of Cancún to Tulum and the Sian Ka'an biosphere reserve. Playa is a stop for several cruise ships which dock at the nearby Calica quarry docks, about six miles south of the city. A Mexican themed "eco-archaeological park", Xcaret (pronounced "esh-caret") is a popular tourist destination just south of the town. Tourist activity in Playa del Carmen centers on Quinta Avenida, or Fifth Avenue, stretching from calle 1 norte until calle 34, a pedestrian walkway located just one block inland from the beach which is lined with boutique hotels, shops, bars, and restaurants. Elements within the Playa del Carmen local community and government have attempted to retain Playa del Carmen's reputation and charm as a small fishing village and artists' colony, without it becoming as large or tourist dependent as Cancún. To this end, the city passed an ordinance limiting buildings to three stories. A few four story buildings were built before the ordinance, however. Playa del Carmen is currently expanding north beyond the Colosio section and on the other side of highway 307, the Ejido. Playacar is a residential and tourist development in Playa del Carmen, just south of the main urban area, where most of the all-inclusive hotels, the aviary, and the golf course are located. Playacar is privately owned by the Castanon family. There is a significant European influence in Playa, with a number of local business proprietors drawn from the European expatriate community. In October 2005 Hurricane Wilma passed directly over Playa del Carmen, remaining in the vicinity for two days and causing significant damage and a temporary drop in tourist arrivals. Fortunately most of the damage was relatively superficial and repaired within a few weeks of the storm. Hurricane Wilma arrived from the Caribbean sea, passing over Cozumel before making landfall in Playa del Carmen. It then moved north along the Mexican coast, hitting Cancún especially hard. The telenovela Peregrina takes place in Playa del Carmen. |
Living Riviera Maya Real Estate Judi Shaw Owner/Broker USA/CAN 1 604 628 7247 Mex cel +521 984 116 3251 www.JUDISHAW.com
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