Consumption and Real Estate
Will the invasion of Mexico by wealthy American’s change the political landscape in Mexico?
Question : Will the invasion of Mexico by wealthy American’s change the political landscape in Mexico?
Nearly 2 million American citizens now own property in Mexico and the number is increasing everyday. Beach front homes and retirement Villas dot the Mexican landscape on both coasts.
Anyone who must deal with Mexican bureaucracy will tell you Mexico’s systems, including those of the private sector, are in fact screwed up. Once you have a phone or bank account in Mexico you begin to understand how “screwed up” things are. Mexico’s political history of a pork barrel, patronage style, single party rule, has promulgated a system that is three times more cumbersome than the U.S. system of managing a nation’s bureaucracy.
Will it change?
wrong ezwrider, does that mean I have to give mine back?
Yes, a lecture and a question.
retirement villas
Best answer:
Answer by SGT. CECH
Is this a question, or a lecture?
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#3 written by FoxAmerica_Xliberal lover 1 year ago
Not anytime soon. I think that the whole government needs an overhaul on how they deal with their people first; then about foreigners in their country. The basic structure is corrupt. I love Rocky Point and that is the only place I go; my American sister owns property there. It is different on how they handle property there; If you know how to deal with any bureaucracy there, you would do good. They did it legally BTW; would be nice if some ppl would come here legally.. rant. . Nice question, relax in that sauna.
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#5 written by mild_irritant 1 year ago
To those who think that Americans cannot own property in Mexico, you need to update your rolodex. That hasn’t been the case in over a decade. You can walk up to any real-estate office and buy a beach-front plot on the Yucatan for about 30 thousand U.S.
But to solve the immigration problem, Mexico needs to throw its government OUT. They tax their people and in return provide none of the services that people should expect from their government.
We could spend about one week’s worth of Iraq war money on financing a PEACEFUL revolution in Mexico and you would see THEM building a fence to keep US out!
I’ve traveled Mexico extensively and it is simply beautiful.
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#10 written by sin7 1 year ago
No. Mexicans will pass a law that says Americans can’t own Mexican land, and that wil be the end of that. We will probably name the law Eminent Domain.
The way it is done: A bank buys the land then sells stock to clients. Americans don’t understand that there is no FDIC down in Mexico. Banks will go belly up with all your money. Well, no one said stocks are guaranteed. Officially Americans don’t own the land.
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Goddamit, time for the Mexico for Mexicans campaign. - Comment Feed for this Post
Of course it will—while we flatter ourselves that things remain the same, they are changing under our very eyes from year to year, from day to day.
Young and middle-aged Americans, spurred by nostalgic memories of Mexican vacations in high school and college, are moving to Mexico, joining with U.S. retirees and changing Mexican cultural and economic life. (Pacific News Service)
“A generation ago, older Americans would move to San Miguel, or Lake Chapala, or Mexico City,” says Joann Andrews, who has lived in Merida, a large city on the Yucatan peninsula, since the 1950s. “But now, there are Americans setting down roots throughout the entire country. Beach front homes are a main target. And are vastly becoming all American owned. For decades, most Americans living in Mexico were retirees. But something of greater consequence than American-style retirement communities is taking shape. Mexico is confronting the cultural and socioeconomic impact of “Generation Gringo”: young, working-age American migrants who are starting families.
Hundreds of thousands of American youth have been descending on Cancun since the mid-1990s.
Treasury Department officials in Washington estimate that the number of Treasury checks — Social Security, Veteran Administrations, tax refunds — sent to Mexico is “in the ballpark of 750,000.” Add this younger group joining in and you see Mexico is changing. Even some of their laws have been bending now more to cater to the new immigrants from America.
Many Mexicans are ambivalent about the new invasion. “The last time Mexico experienced anything like this, it was a prelude to war,” Jorge Canto, a businessman who works with Americans said. “Is history repeating itself?” Mexican officials worry that older American immigrants will strain Mexico’s health system. Because of the influx, Medicaid and Medicare have expanded their payment programs in Mexico, and some U.S. HMOs cover members living in Mexico. And their Medical is allowing this too. (One change right there!!!!)
There is more on the web. Yes Mexico is being invaded by wealthy Americans and now by young Americans..and changes are happening.
All I have to say is- Move Over Mexico for-’Generation Gringo’ it is coming-like it or not.