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What you will discover here will make you happy. At Boomes Abroad Online Community and Social Network you will find the right people to talk to for straight answers concerning any Mexico issue. Take advanatge of the community and join Groups of your interest. You will be able to learn about several Mexico Destinations, the process of purchasing property in Mexico, Mexico mortgages, financing issues for Americans and Canadians, the trust system, Title Insurance, VISA information from FM3 to FM2, working in Mexico as a foreigner, setting up a business in Mexico, Health and Medical, etc. |
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Mexico Facts
MEXICO UPDATE 2010 “Are We There Yet, Daddy?”
 By Mitch Creekmore, Stewart Title Guaranty Company.Here we are, a decade into the new millennium, 10 years hence. Wow, was the Mexico real estate market a happening place during the 2000s. Right up until 2008 lots of sales were made, lots of commissions paid and developers had new plans for even greater projects to be developed. Problem was, no one really knew that U.S. financial markets would collapse, leaving many Americans, financial institutions, banks, our neighbors to the south, even our own government pondering, “What do we do now?” For those of us who make our living in the real estate arena, we keep moving forward. We “grind” away on what deals there are to be made. Otherwise, we get out. One thing is certain: we’re all in this debacle together. If no one buys property in Mexico, or any international market for that matter, no one makes any money. Sadly and simply, we all have that commonality to deal with every day. It certainly hasn’t been easy and it’s not going to get much better quickly. What a hyperbole! Let’s get one, big issue right out front. Mexico is not a dangerous country as reported by American press. It is a country far less dangerous than many others that surround it, including our own. Venezuela, Honduras, El Salvador and Guatemala have homicide rates at 40-60 per 100,000 people according to Mexico’s Citizens Institute for Crime Studies. Fourteen per 100,000 Mexicans were killed in 2009, and that figure puts it on par with Los Angeles and 1/3 of the average homicides in Washington, D.C. Our nation’s capital has three times as many killings by comparison to the homicide rate in Mexico, yet it is deemed a dangerous country. Many Americans are leery of visiting Mexico at all due to the sensational headlines. Should Mexican tourists not travel to the U.S. because an Army psychiatrist goes on a rampage, killing and wounding over 40 fellow soldiers in a U.S. city?
Mexico Real Estate
 Mexico real estate is one of the most popular rmarkets for North American Baby Boomers and Seniors. Mexico Real Estate provides excellent investment opportunities, good climate, strong culture, amazing adventure opportunities all at a much lower cost of living. That lower cost of living extends to food, utilities, medical fees, etc.
Mexico Mortgages & Financing
 Financing your Mexico home has never been easier. Until recently, if you wanted to buy a home in Mexico, you had to pay for it all in CASH. Most retirees and second home owners are not aware that home financing in Mexico is available through both U.S. and International lenders. Cash is no longer the only path toward a home purchase in Mexico and home financing is becoming the wave of the future.
Mexico Medical Tourism / Mexico Health Tourism
 A growing number of Baby Boomers are taking advantage of low cost medical, dental and prescription drugs in Mexico. Mexico has quickly earned a reputation for quality medical care at a greatly reduced cost. Baby Boomers and retirees on fixed or retirement incomes have shown the largest increase in utilization of Mexican medical and dental services.
Retire in Style in Mexico
 Mexico, Mexico Real Estate, Retire in Style South of the Border, Mexico Retirement, Retirement Destinations, Baby Boomers, Boomers in Mexico
Is Mexico Dangerous? One Journalist's View
By Linda Ellerbee, Picture > Linda in her Lucky Duck Productions office in New York City. Sometimes I've been called a maverick because I don't always agree with my colleagues, but then, only dead fish swim with the stream all the time. The stream here is Mexico. You would have to be living on another planet to avoid hearing how dangerous Mexico has become, and, yes, it's true drug wars have escalated violence in Mexico, causing collateral damage, a phrase I hate. Collateral damage is a cheap way of saying that innocent people, some of them tourists, have been robbed, hurt or killed. But that's not the whole story. Neither is this. This is my story.
A Look at the Hottest Current Topics in the Mexico Resort Real Estate Market
By Matthew Miller, Conficasa CEO
Februray 2009. As the Mexico resort real estate market continues to gain popularity among North Americans, one common theme exists; an increasing demand for insightful and relevant information among the entire Mexican resort real estate community, including developers, Realtors, owners, resellers and potential buyers. This is especially true in light of today’s more difficult economic times. Therefore, it seemed worthwhile to highlight the hottest current topics in the industry as discussed at the fourth annual Mexico Resort Development Conference in Carlsbad, California held in December 2008.
Fact from Fiction about Mexico
By: Raul Jaime at Ventana Magazine
Do I need an FM3 Visa to buy property in Mexico?
No. You absolutely do not need an FM3 visa to purchase property in Mexico. Just to avoid any confusion, an FM3 Visa is an immigration document required by Mexican authorities for those who plan to spend more than 6 consecutive months in Mexico. There are several categories for this Visa depending on whether the foreigner will be working in Mexico, participating in other economic activities, retiring with income from abroad, etc. When most Americans and Canadians arrive in Mexico they are automatically given an FMT, or Tourist Visa, at the point of entry which is valid for up to 6 months. While this document is simply a small piece of paper, you will need to show it to the notario when you close on your real estate transaction.
Lower Cost of Living draws American Retirees to Mexico
Mexico Medical Services
Many people don't realize that dozens of Mexican cities south of the border offer American and international travelers the best of services for a multitude of medical services, procedures and techniques at affordable prices. Cost effective medical treatments south of the border in no way mean that such treatments are substandard - quite the contrary.
Mexico employs some of the most highly trained and experienced doctors and surgeons in the Western Hemisphere, found in cities such as Guadalajara, Colima, Manzanillo, Ensenada, Monterrey, Tijuana, Cancun, Mexico City, and Rosarito, just to name a few. Accredited and experienced doctors and surgeons providing treatments in fields such as obesity surgery, orthopedics, cancer treatments, cosmetic and plastic surgeries, dental care, and stem cell technology can be found in high tech state-of-the-art medical facilities throughout Mexico.
Comparing Mortgage rates in the U.S. and Mexico
As the Mexico resort real estate market continues to gain popularity among North Americans, one common theme exists: an increasing demand for insightful and relevant information among the entire Mexican resort real estate community, including developers, realtors, owners, resellers and potential buyers.
Here, we will answer of the most common questions asked “Why are rates higher in Mexico?” In order to answer this question, we thought it best to provide a direct comparison between a second home mortgage in the U.S. and that in Mexico to show you that rates are typically very close, contrary to what most people think.
Mexico 2009 Update - A random thoughts on the Market
By Mitch Creekmore,
 “Life comes at you fast!” Remember this hyperbole from the Nationwide® commercial that began to air last year? It depicts the chain reaction of little, simple events that ultimately leads to the destruction of a home. Who would have ever thought six months ago that the Dow Industrial Average would go from over 13,000 to less than 7,500? Who would have foreseen in this same time period the collapse of AIG and Lehman Bros., the bailout and recapitalization of Fannie Mae and Freddie Mac, the myriad of other failed banks, lenders, companies and ultimately, massive layoffs. Wall Street is broken, our stock market is a train wreck, property values have imploded, and mortgage and credit markets have crashed. Put simply, our economic outlook is on the rocks like a grounded tanker. And now, a stimulus package of gigantic proportion that no one is sure of who or what is actually being “stimulated.” Comes at you fast? What a gross understatement.
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The appeal is more than just the thought of permanently toasty weather. The cost of living, from housing to health care, is significantly lower in Mexico than it is in the U.S. Mexico offers a perfect mix of centuries-old traditions and contemporary lifestyles.
