INVESTMENTS
What has been underway the last few years is what many are calling the “Largest southern migration to Mexico of U.S population and real estate assets since the Civil War”
A significant percentage of the Baby Boomers have been doing the
research and are making the life changing decision to move out of the
U.S.A. The #1 retirement location in the western hemisphere is Mexico.
There are already over 2,000,000 U.S. and Canadian property owners in
Mexico. A conservative estimate 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 numbers 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”.
Mexico has
avoided the subprime problem that has devastated the U.S. banking
industry. The Mexican banks are healthy and profitable. Mexicos middle
class is growing at tremendous rate. In the past 5 years the
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.. The Baby Boomers are after a higher quality of
life and you can buy much more in the resort markets of Mexico . The
Banderas bay only has so much space and is presently one of the fastest
growing destinations in north America. The Mexican government is
spending billions of dollars on more infrastructure north along the
coast of the Riviera Nayarit .
Mexico’s has recently discovered oil reserves that ranks them third in
the world the reported oil discovery in the Palaeo Channels of
Chicontepec has placed Mexico in the top three ranking ifor oil
reserves, right behind Canada and Saudi Arabia.
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