Do you remember the good old days? You know, those days when life was more relaxing, but at the same time, there seemed to be more opportunities for everyone – opportunities in buying a home, in business, in just getting ahead in life without the stress and all of that. These days, it seems like “opportunities†are only for those who don’t really need them – the well-to-do!
Those classic days in the U.S. are a little before my time, but I’ve talked to a few retirees down here in Playa del Carmen, and the theme has been brought up a few times.
Now and then, someone will tell me, “You know, Tom, in some ways it’s like things were back home about 50 years ago.â€
Why? Well, you can open your own business without having to be a millionaire first. Recently we’ve interviewed a handful of expats who are now owners of their dream business (see our Livin’ Mexico Videos or our video testimonials).  Down here, you also don’t have all the regulations, limitations, procedures, documentation and requirements that take all the joy out of opening your own business. Sure, there is some paperwork, fees and some inspections, but it’s kept to the basics.
The economy is also more adaptable to new, small businesses run by individuals. Almost anyone can find a market for something they know how to do.
Is it hard work? Of course. But talking those expats we’ve interviewed say it doesn’t really feel like work. They’re doing what they love. It’s the business they’ve always wanted.
Something similar can be said about Playa del Carmen real estate. The market has a very wide range of opportunities, for retirees, vacationers, families, investors, etc. As opposed to the places like the U.S. or Canada, there is less information out there on the large scale in Mexico. With less official information out there, new opportunities can actually be discovered; real opportunities for average buyers. This gives people the chance to invest in real estate and make a go of it without having to be industry insiders.
And people do. I know a Canadian couple who started off by investing in one condo and renting it out long term; they would stay in lower-priced hotels when they came down. After generating some income from their first condo, they invested in second. They now own their third condo down here – all for rental income. They’re not real estate professionals, market insiders or even professional investors. They’re not even wealthy – or at least they weren’t when they started. They are a firefighter and a nurse. Average Canadians, average incomes. Successful investors.
Their story, like the folks who opened their dream businesses, and like so many other real estate stories, shows that down here the average North American who has no special inside knowledge and no large amounts of accumulated wealth can be successful. Kind of like things used to be in the U.S.
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