When we originally arrived to Playa del Carmen a few years ago, we did not have a bank account in Mexico. We would use our debit cards in the shopping mall and hit the ATM to get cash to pay for most of our expenses. Since the limit for ATM withdrawals in Mexico is around $500 USD per day, we had to do several trips to … [Read more...] about Banking for Foreigners in the Riviera Maya: My Personal Journey
What was once a dream is now a reality as you venture out into your quest to owning your very own piece of Caribbean Mexico property. But strangely, you still find yourself lying awake at night; tossing and turning with all those buying questions just swirling around inside your head. Fear not! All your questions are … [Read more...] about Mexico Property: Everything you wanted to know about Escrow Part 1
Playa Del Carmen living is often described as being one of the most unique, and magical, places in all of the Caribbeanâ€¦ and some say the world for that matter.Â Itsâ€™ unique and mystical blending of the quite Caribbean ocean breeze, the tropical and balmy climate, friendly and culturally rich people and modern … [Read more...] about Playa Del Carmen Living: Papaya 15 â€œParaisoâ€
With the incredible coastlines, attractions, weather, low cost of living and healthcare, Mexico has become a preferred destination for retirement, full time residency and real estate ownership for Americans and Canadians. Friday November 1st the Mexican Congress passed the first part of the proposed Mexican reforms … [Read more...] about Mexico’s New Tax Reforms – Could They Affect Interest in Foreign Real Estate Purchases?
Some people out there are kind of hesitating about how the investment potential of property in Mexico: Is it really a solid investment opportunity? After all, if it's so super, why aren't the big shots going for it? There are two answers to this question: For most bigtime investors, a market where accurate and … [Read more...] about If Mexico Real Estate is So Great, Why Aren’t the Bigshots Going for It?
Â â€œAnother PRI President â€“ oligarchy, bureaucracy, corruption, vote rigging ...â€ Many Mexicans have a negative image of the country's new president, Enrique Pena Nieto, mostly because of the party he belongs â€“ the famous PRI, the Party of the Institutional Revolution, the one that held an iron grip on … [Read more...] about Is Mexico Turning Back to Despotism… or to Economic Prosperity?Expectativas optimistas para este sexenio.
So, in Canada,Â it seems that a booming real estate market has probably hit a "soft landing." Basically, that means real estate prices are high, and are just staying high, or at least going down very gently and slowly, as Canada's National Post and the Huffington Post have told us. How boring!Â No boom, no bust, … [Read more...] about What do Canada’s Economy, David Beckham and Life in Mexico Have in Common?Quintana roo, de los estados mÃ¡s seguros del paÃs.
Two decades ago, one of Mexico's leading social critics proclaimed Los Angeles "the heart of the Mexican dream." Pedro P. agreed, leaving behind his native Oaxaca for work as a gardener in the city's San Fernando Valley. After 14 years as an undocumented immigrant, however, Pedro, age 44, is heading home at the end of … [Read more...] about Mexicans are Packing Up and Heading to … Mexico! So, Why Don’t You?La estabilidad econÃ³mica nacional trae consigo una oleada de inmigrantes ilegales de regreso al paÃs.