I read an article in AARP how folks are retiring in Mexico. They say they can live there very comfortably very cheaply. Anyone have experience with this?

AnnaR: mikemo has a place in San Miguel de Allende, I think he currently splits his time btwn there and his stateside home but I think he may be moving to San Miguel full time this year. He sometimes posts on the U.S. board, but you can find him and probably others on the Latin America board if you post your question there too.

I live in San Miguel de Allende, MX (col. Centro) several months a year (when not travelling).
Most anyone can live very well on SS alone if you own a house/condo/apt here.
Unfortunately, housing is expensive.
I would recommend a visit to see if you and your fav vill are sympatico.
Sounds like you are at step one in your thinking about retirement, but, fortunately, many on this forum have done the legwork for you.
Should you get to SMdA, my tel # is 152-2575.
M

AnnaR
Lo siento, mi Amiga,
my e-mail is [email protected]
M

It seems to me that retirement to Mexico can be a great idea - however there are risks to consider. A while back a large group of US retirees lost everthing when the local peasants hired a lawyer and took them to court. It turns out that the poor, and largely uneducated locals had been swindled out of the land (not a unique situation, by the way) by the developer, who then built the housing complex and sold units to American retirees. Eventually, the peasants wised up and started legal action. When the court decided in the peasants favor, the property was returned to them and the retirees ending up with their money gone and nothing to show for it. Certainly, I would consider Mexico as an alternative, just do your homework and make sure everthing is on the up-and-up.

Ken

Hola mikemo, gracias for the invite! As you said we are in step one. As with everything research is a must. I will also check out the Latin board. Gracias a todos!

Had no idea mikemo. I'd been wondering where you live (love your rest. advice). I know a few people from the Hamptons who winter in San Miguel.8-)

I thought that if you are not a citizen of Mexico, you cannot purchase property in Mexico.

I thought you could get a long term land/property lease but cannot outright purchase.

Is this incorrect?

GoTravel,
ttt
"Buying a condo in Mexico"
M

ttt

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