Mexican Real Estate: The Phenomenon of ‘Virtual Baja’

The Mexican proverb “when Uncle Sam sneezes, Mexico catches a cold” is still a truism despite initial suggestions to the contrary in the August 2006 LA Times article titled “Mexican Resorts Show No Sign of Catching U.S. Housing’s Cold.” Certainly the US real estate economy has greatly affected the perspective of US buyers when they consider coastal property in Baja California, Mexico. The fact is that for many the recent withering of their home equity and other financing options means that coastal property south of the border is no longer something that they can consider.

Yet there is still a large group of Baby Boomers who do have the resources to take action, but market uncertainties have most of them in a holding pattern.”*

*From: http://www.mexidata.info
Traducido: usando Google o Altavista/Babel Fish

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