First of five studies reveals price and proximity to U.S. are big draws
By Sandra Dibble, UNION-TRIBUNE STAFF WRITER
Monday, March 15, 2010 at 12:04 a.m.
Jamie Reynolds, a 63-year-old retiree who lives in the El Pescador area, watched the sun set. Reynolds, like four out of five of the retiree-study respondents, owns his home in Mexico.
ROSARITO BEACH — Favorite activity: strolls on the beach. Biggest gripe: litter. Primary reasons for retiring in Mexico: the lower cost of living and proximity to the United States.
A newly released study on U.S. retirement trends in Mexico’s coastal communities takes an updated snapshot of Rosarito Beach, Rocky Point, Puerto Vallarta, Cancun and other areas where many Americans go to retire. The study’s authors say their survey marks an important first step in meeting the needs of a group that is likely to grow in size as U.S. baby boomers reach retirement age.
“We felt it was important to understand the dynamics of what is going on,” said Richard Kiy, president and CEO of the International Community Foundation, which conducted the 88-question survey. While research has been done in San Miguel Allende and Ajijic, both well-established expatriate communities in central Mexico, coastal communities “are some of the areas that have been least studied among U.S. retirees,” Kiy said.
The International Community Foundation, based in National City, supports nonprofits and projects in Baja California and other parts of Mexico. Close to half of its donors live in Mexico full time or part time, and that was the initial impetus for conducting the study, Kiy said. read more »
