Category Archives: retiring to mexico

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing

 

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing
Jason Oliva-August 25, 2014

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

A popular tourist spot, beachfront real estate and a newly converted resort hotel adds up to what developers say will give luxury senior housing in the U.S. a run for its money south of the border.

Those are the ingredients for Front Beach Retirement Mexico, a Mexican development company that sees opportunity in targeting American and Canadian seniors looking to retire in Mexico, particularly the widely popular tourist town of Puerto Vallarta.

Through an agreement with the Las Palmas Hotel, Puerto Vallarta-based Front Beach Retirement converted the 225 rooms of the all-inclusive hotel into an independent and assisted living community, Front Beach Puerto Vallarta.

“We’re offering a buffet-style of living,” says Front Beach Retirement and Mexico Assisted Living Marketing Director Joshua Ketner. “Rather than convert rooms into apartments, we left them at resort-style living.”

Though the company declined to disclose costs associated with the senior housing transformation, Ketner—who previously worked for A Place for Mom and as a caregiver at Aegis Living—told SHN that the overall spending on the conversion was minimal, as many of the rooms and accessibility features, such as hand rails, were already in place. The main cost, he says, was to convert a room into a doctor’s office.

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

The community embraces its hospitality roots, offering amenities like housekeeping services, two swimming pools, various dining venues, large common areas, direct beach access, a Tiki Bar and Internet accessibility.

Where the campus caters to its senior clientele becomes apparent with medical alert systems in every room, daily activities programming, transportation to medical appointments, wheelchair accessibility and 24-hour care provided by on-site nurses as caregivers and a resident physician who also lives within the community.

Aside from the seaside real estate and all the resort-style amenities included, the biggest draws for the Puerto Vallarta community are its lower price points on monthly rent and healthcare, says Ketner.

For $3,000 a month, residents at the Puerto Vallarta community can enjoy rooms with panoramic views of the Pacific Ocean, as well as utilities such as air conditioning, electricity and water that are included in the rent. For double occupancy rooms, the monthly rent is $4,600.

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

In the U.S., the costs for assisted living are considerably more expensive at $3,500 per month, according to the 2014 Genworth Cost of Care Survey. While this figure signals a 1.45% increase in the last year, costs for assisted living have grown 4.29% annually on a five-year basis—the highest of all long-term care settings recorded by Genworth.

A unique feature of the community is that it doesn’t restrict its age-50 and up cliente to a one-month stay minimum.

In another attempt to target those “snowbird” vacationers heading for warmer weather during their retirement years, Front Beach also offers one-week stays at $780 for single occupancy and $1,100 for doubles. Additionally, a two-week stay runs $1,509 for a single and $2,140 for a double room.

Still in its early stages of operations, with a grand opening slated in the next couple of weeks, Front Beach Puerto Vallarta has seen about 10 leads looking to move in come September so far.

“There’s quite the misconception of Mexico, but the economy is growing and there is a large middle class here,” says Ketner. “It’ll just take more time getting people accustomed to the idea, and us a few months to figure out what our niches are.”

http://seniorhousingnews.com/2014/08/25/mexico-developers-selling-cheaper-alternative-u-s-luxury-senior-housing/

Written by Jason Oliva

 

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Read more about the Baja style of living: http://www.bajarealestategroup.net/

Housing inventory not much of an issue in northern Baja California, broker Kathy Katz says

 

Housing inventory not much of an issue in northern Baja California, broker Kathy Katz says

By GLENN GRANT, Special to The Daily Transcript
Tuesday, June 17, 2014

Katz-Kathy-WEB-cropped

Sales have doubled each of the past three years at Baja Real Estate Group in Rosarito Beach and Ensenada, says broker/co-owner Kathy Katz. Courtesy photo

Low housing inventory is a challenge for most San Diego County real estate firms. But it’s a different story just south of the border.

“We have great inventory in northern Baja California,” said Kathy Katz, broker and co-owner with husband Max Katz at Baja Real Estate Group in Rosarito Beach and Ensenada. “There’s been a lot of developer-financed new construction the past few years, but because we got hit by the economy along with everybody else, we have new standing inventory.”

Americans by birth, the Katzes have lived and worked in northern Baja for more than 20 years. They have a second home in Chula Vista but raised their children in Rosarito Beach, where they’re active in community affairs and among other Americans who live in the coastal city.

“I was doing vacation rentals in Rosarito, then met up with a developer and started re-launching his condos,” Kathy Katz said. “I was always in sales, so I guess this was my calling.”

The firm has clients in the United States, Baja and the Mexican interior, and prides itself on educating them about property ownership along the border. A client-relations staff member was recently hired to funnel prospective buyers to agents and help them make informed decisions.

The firm’s eight agents also help clear up prospective buyers’ apprehensions and beliefs about Mexican laws regarding foreign ownership, such as the 99-year land lease.

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Want to buy the retirement home in an area where mortgages are not available or are far more costly than in the US?

 

Want to buy the retirement home in an area where mortgages are not available or are far more costly than in the US? Find out if a reverse mortgage would work for you. With a reverse mortgage on your primary US home, you may be able to access most if not all the funds to buy your home abroad. See the details below:images

What is a reverse mortgage?

Reverse mortgage loans are a way for older homeowners to convert their home’s value into tax-free cash, without having to sell or move. Insured by the U.S. government, the Department of Housing and Urban Development (HUD) allows Homeowners who are 62 or older to borrow against the equity of their homes.

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10 Best Wine Travel Destinations 2014

 

Valle de Guadalupe/Baja California, Mexico
—Michael Shachner

Valle de Guadalupe/Baja California, Mexico

What’s that, they make wine in Mexico? Indeed, they do—have for centuries—and not just sacramental wine and plonk. In the northern reaches of Baja California, along Route 3 in the Guadalupe Valley, the quality of wine has risen over the past two decades. Wineries here have teamed up with chefs and hoteliers to create Baja’s very own Ruta del Vino (wine route). Less than two hours from San Diego, the Valle de Guadalupe, anchored by the city of Ensenada, has moved past its Tequila-and-Tecate roots to ones based on the grape. Head south of the border for a wine-and-travel experience you won’t forget. —Michael Shachner

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ACA – Obamacare’s Effects on American Expats Living Abroad

Tuesday, October 1, 2013
ACA – Obamacare’s Effects on American Expats Living Abroad
yucalandia.com

Sept. 27, 2013 Update:

This article is for all the Americans traveling or living abroad who have, so far, avoided learning about the Affordable Care Act (ACA). With the upcoming Oct. 1, 2013 – March 31, 2014 enrollment period, for ACA – Obamacare, there are bundles of questions that arise affecting US citizens who are outside the USA.
Are US citizens outside the US covered / protected by the ACA?

ACA – Obamacare’s Effects on American Expats Living Abroad

ACA – Obamacare’s Effects on American Expats Living Abroad

Are we exempt?

Is coverage only offered within the US (like Medicare), requiring citizens outside the US to travel for care?
Are expats forced to pay for a US insurance plan, even if they cannot receive care under the plan outside the US?

What fines (a.k.a. “taxes” in US Supreme Court lingo), must be paid for not enrolling in a US health plan?
The full answers will all be revealed in due time, since MOST of the significant parts of Obamacare do not take affect until 2014, and Congress may overturn these provisions before then.

 

 

 

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Talks Of Ownership Laws in Mexico Generate Surge in Real Estate Sales

Changes to foreign ownership laws in Mexico expected to generate a surge in sales
The historical amendment to Mexican Constitutions´ 27th Article, has stirred the interest in   properties along the Baja Riviera, as evidenced by the surge of real-estate activity along the Northern Baja Coast. “We have seen an important increase in the number of inquiries by potential clients since discussion about the reform hit international media outlets”, said Maday Valdenegro, Sales Manager at Santa Barbara in Bajamar.

Manlio Fabio Beltrones - Mexican Federal Senator

Manlio Fabio Beltrones – Mexican Federal Senator

The amendment to article 27 was approved by the Mexican Senate on April 23rd, “but it still needs to be approved by a majority of Congresses of each of the States in Mexico for a reform of the law to be final”, noted   Javier Troncoso, an Attorney at Law based in Los Cabos

The reform would now allow foreigners to acquire real estate within the “Restricted Zone” (100 kilometers wide from the borders and 50 kilometers wide from the coastal shores).

“Historically, once an amendment has passed in the Mexican Senate, the State Congresses have approved it. An amendment to the Law of Foreign Ownership would still be needed”, added Troncoso. read more »

Huge Dolphin Pod at Calafia Condos – Baja Real Estate Group

 

Calafia Condos Resort & Villas. The area sits on a privileged location that is a window to an assortment of marine wild life, from sea lions, seals, seagulls to dolphins, whales and even orcas.


This video is a common sight for the residents at Calafia Condos, a pod of a couple of hundred or so of long-beaked dolphins working together in a coordinated hunting dance to encircle fish that ends up in a spectacular feast where even the seagulls and pelicans join in.

Enjoy the video.


For more information on Calafia Condos and Baja real estate please visit http://www.bajarealestategroup.net

This Sure Beats California…

Originally posted on InternationalLiving.com | By Patti Morrow

Margit Gantt wanted to find a more fulfilling lifestyle than the one she had in California. She was looking for great weather every day…somewhere she could get more for her money.

"Ensenada, Mexico feels like California did years ago"

“Ensenada, Mexico feels like California did years ago”

She and her husband Patrick knew where they wanted to be. They often vacationed in the seaside community of Ensenada, Mexico. “The feeling here is like California years ago,” said Margit. “It’s different and familiar at the same time. That’s what we love about it.”

Ensenada is on the Pacific coast of the Mexico’s Baja California peninsula. Even though the population is approaching 400,000, it still maintains small-town charm.

In 1989, the Gantts took the plunge and decided they were staying. They never regretted it.

“It’s a thousand ti mes better,” said Margit.

“California is so overcrowded now, a bit of a circus, and people aren’t a community. It’s different here. Even strangers still greet each other on the street.”

The Gantts tried out several locations before settling on their current home—a three-bedroom hillside villa with panoramic views of Ensenada Bay, the city, and the mountains.
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Mexico, to attract U.S. retirees, may ease limits on landownership

By Tim Johnson
McClatchy Foreign Staff

For the first time in nearly a century, lawmakers are moving to allow non-Mexicans to buy coastal real estate and hold the deeds to it, without having to set up bank trusts or find silent Mexican partners.

Ocean Front Real Estate in Mexico

Ocean Front Real Estate in Mexico

Proponents of the change say it pushes Mexico toward the modern era, and is a sign of ebbing nationalism under President Enrique Pena Nieto. They say it will help Mexico compete with Southern U.S. states and tropical Central America for U.S. retirees seeking spots in the sun and by the sea.

The proposed amendment to the Mexican Constitution sailed through the Chamber of Deputies on a 356-119 vote April 23, and is now before the Senate.

But opponents are still rallying, charging in a petition campaign that the change may condemn Mexicans to saying goodbye to ocean views.

“If just one of every 20 U.S. millionaires buys a house with 22 meters (72 feet) of beachfront, no Mexican will see the sea again,” the petition drive says, drawing on the nation’s historic allergy to foreign ownership of its resources.

The allergy has its roots in land grabs in the 19th and 20th centuries. After the 1917 Mexican revolution, legislators who drafted the nation’s constitution, fearing a new invasion by land or sea, barred foreigners from owning land within 31 miles of the coast or 62 miles of any border. Those strips of territory became known as the restricted zones. read more »

The Best Countries to Retire to in 2013

POSTED ON FORBES.

Planning to retire abroad? Ecuador is the top spot for North American retirees, according to InternationalLiving.com’s newly-released Annual Global Retirement Index 2013.

This is Ecuador’s fifth consecutive year at the top of the heap.

Mexico voted #4 in Forbes best countries to retire.

Mexico voted #4 in Forbes best countries to retire.

This annual Index—now in its 22nd year–ranks the best international retirement destinations. To compile the ranking, InternationalLiving.com editors collated data from its team of experts on the ground in the most popular countries among U.S. and Canadian expat retirees. Editors assessed factors ranging from the price of groceries and average temperature, to utility costs and the friendliness of locals.

The information was then used to score each of the top countries out of 100 in categories such as “Real Estate,” “Climate,” “Special Benefits for Retirees” and “Health Care.

“It’s designed to help readers compare and contrast what we believe are the best options for retirement abroad in 2013,” says Jennifer Stevens, Executive Editor of International Living magazine.

“Ecuador is such an overwhelmingly attractive choice for retirees overseas today in part because your dollars really stretch there,” Stevens says. “You could live comfortably for $1,600 a month, rent included. The values extend to real estate, as well. A condo right on the coast that might cost you $1 million or more in California, you could have for less than $150,000 along Ecuador’s northern Pacific. We have readers who bought a little mountain place as well as an apartment overlooking the water and split their time between the two. They could never have afforded to do something like that in the States.”

The South American country offers great variety in lifestyle options, she adds. You have sunny beaches, temperate mountain villages, college towns where there are plenty of cultural offerings, and historic colonial cities. “This country rolls out the red carpet for its seniors, as well—offering benefits like 50% off international airfares and cultural events. Plus Ecuadorians are welcoming, friendly, and easy-going. It’s a friendly place to launch an adventure in retirement.”

Panama earned the No. 2 spot in the 2013 Retirement Index, while Malaysia rounded out the top three.

“Panama is just plain easy,” Stevens says. “Panama City is a vibrant, cosmopolitan city with great restaurants, and excellent hospitals. It’s a banking and commercial hub so you find a real international community there. Panama is committed to attracting foreign retirees and offers the world’s best incentive program to do so, making it convenient and easy to get residence there.”

Like Ecuador, the cost of living in Panama is significantly lower than what you’d expect back home. “A budget of $1,700 to $2,500 a month, housing included, would see you eating out, perhaps with a housekeeper a couple days a week, movies a few times a month, and so on.”

In the world’s No. 3 retirement haven, Malaysia, English is widely spoken as the unofficial first language, making it easier for North American retirees to transition.

Asia’s top retirement destination is also exotic and far away—but it is incredibly affordable. “Talk about a place where you can step up in your lifestyle without blowing your budget,” Stevens says. “Our contributing editor there says that he and his wife rent a sea-view apartment in Penang that comes with a pool and gym for $1,000 a month. They keep a small sailboat, eat out five nights a week, have a maid that comes once a week – and do it all for $1,700 a month.”

Another perk: Malaysia is a ‘medical tourism’ destination, so you can count on excellent care that’ll run you less than half of what you’d pay in the U.S., she says. “Plus, unlike elsewhere in Asia, in Malaysia you can buy property, land, houses, and condominiums freehold.”

The most attractive retirement havens aren’t just cheap; they’re welcoming places where you can integrate into the community, she adds. “They’re safe. They’re attractive. They provide the diversions you want, which could be anything from snorkeling to the opera, depending on your interests.”

But of course, there’s no one-size-fits-all destination. You really have to think about your own priorities and what you really want. “The beach? Maybe–but it might be too hot. A small village? Maybe–but if you have health issues to consider, you may want to be in a bigger community,” Stevens says.

“Retiring abroad isn’t for everyone,” she adds. “The happiest expats we meet overseas have one thing in common: They brought their sense of adventure with them. They went overseas ready to try new things, to be confounded, to be impressed, to be surprised. Living overseas works best when you’re pulled there and not just pushed. If your motivation for going abroad is entirely economic, brace yourself for disappointment.”

Also, remember that it doesn’t have to be a full-time endeavor. You don’t have to sell everything and upend your life to enjoy an international lifestyle in a good-value haven somewhere exotic in the world, Stevens concludes. “Go for a month, three months, six months. In a good-value destination, you could spend less on the whole of your everyday needs than you would on just heat alone back home.”

Full List: The Best Countries To Retire In 2013

Search for properties to buy in Mexico. Or look here for properties in Baja.