Approximately 2 million American expatriates are currently living south of the border according to The Guardian and several other international publications. This number is increasing every year. This results from one of America’s largest demographic populations that are starting to come of age. Even the political strain between Mexico and the United States doesn’t seem to be stopping retirees from crossing the border seeking a more affordable retirement.
According to topmexicorealestate.com, Baby Boomers are in search of a place where they can stretch their dollars, get the biggest bang for their buck, and be able to afford healthcare. The ever increasing cost of living, the current healthcare debacle, and uncertain economic indicators are forcing one of the largest generations to seek shelter elsewhere. America is retiring to Mexico for all the reasons mentioned. After making a good living but watching their retirement funds falter to inflation, trying to maintain their current lifestyle is a major concern to the boomers.
Mexico offers many opportunities to live out your golden years with minimal worries regarding financial stability. Mexico has made incredible advancements in Western Medicine and operable technology. This being proven with Medical Tourism’s rapidly increasing popularity not only with Americans, but Canadians as well. More and more private hospitals are showing up throughout Mexico. The care given practically mirrors the United States at a third or less of the cost. The travel site, “You, Me and The Doc” wrote about a personal experience that spoke about having emergency surgery in Playa del Carmen, Quintana Roo, Mexico.
The real estate market in Mexico is on sale. With Mexico still recovering from America’s 2007 housing crisis and the exchange rate being very favorable against the peso, it is a perfect time to invest in your future. A home or condo, depending on location and proximity to the water and desired amenities, can start at under $100,000 USD. You could also select an ideal location and build your dream home for approximately half of what it would cost in the US. Combine that with extremely low property taxes and insurance, your housing expenses would amount to almost nothing.
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