By Phyllis Davis / Nov 10 • Categorized as International Real Estate
The Ship of State (pick any State) is sinking fast. People are simply walking away from their homes, commercial real estate properties, businesses, neighborhoods and their old lives. Even immigrants who moved to the US for education and business opportunities are moving back to their home countries en mass where they can enjoy a better standard of living and more freedom.
Have you ever asked yourself, “Where do these people GO, when they just walk away?” They seem to ‘disappear’ completely. Did they move in with their parents or their kids? Did they move out of state? Have they started tent cities in the deep woods of the High Sierras or Oregon? Are they living in RV’s? Or, did they move out of the country? Where are they?
In August 2010, lenders took back over 95,000 homes, which accounts for more homes than in any other month since the US mortgage crises began in December 2007. The banks openly admit they are afraid to put these properties (along with the rest of their huge inventory) back up for sale because of the soft real estate market, sluggish economy, high unemployment, and low consumer confidence.
If you listen quietly to the Baby Boomers in coffee shops across the country, they’re beginning to figure it out. They realize their pensions are in jeopardy, their assets are quickly depreciating, they need quality health care and these Boomers are in a bad mood. They are so afraid that all they’ve worked for, for some many years, is now at risk and they’re worried they won’t be able to relax and enjoy their retirement. It’s not a good idea to piss of an entire demographic of 80 million people, most of whom vote, and all of whom were bred to be creative revolutionaries.
EscapeArtist has done our homework and we know, for a fact, that over one million Americans own property in Mexico and that every year, 100,000 Americans are retiring to Mexico to live a comfortable and more affordable life. Many people are now migrating south of the border. Let us tell you about the safest beach city in Mexico, only 25 miles south of San Diego: Rosarito Beach, Baja, Mexico, with a population of 130,000 people including 14,000 expats.
A recent report by the Mayor of Rosarito Beach, Hugo Torres, stated, “Crime in Rosarito DECLINED by 21% from the previous year and is at a five-year low for the city.”
• Crime has declined 13% through May 2010, and is again leading the state in crime reduction.
• Mayor Torres has replaced more than half of the police force with well-trained officers and increased the size of the police from 150 to 230 officers.
• A special tourist police force has been created primarily to assist visitors to the city. The new tourist police for Rosarito Beach are trained in the San Diego Law-Enforcement Training Center in a cross-border cooperative effort.
• The city has increased youth programs and education efforts to prevent delinquency.
Rosarito Beach is safe, or there would not be 14,000 expats living there.
Rosarito Beach is the fastest growing city in Baja California, Mexico, and has become a retirement and tourist destination for visitors from all over the world who come here for the very moderate climate, supportive expat community, relaxing pace, surfing, fishing, medical tourism, local culture, vineyards and wine country, shopping, golf, bird watching, exploring, vacation homes and miles of sandy beaches.
EscapeArtist is on the ground in Rosarito Beach, Baja, Mexico, and we have developed a special relationship with a condominium development that offers affordable luxury living in their beachfront property. It is attracting investors, retirees and second-home owners who want to EscapeFromAmerica or live the EscapeArtist dream. Affordable, safe, new, modern condominium living is available in Mexico at half the comparable US cost (that’s assuming you can even find affordable beachfront property in the US).
FOREIGNERS CAN OWN PROPERTY IN MEXICO. Recent changes to Mexican laws now permit foreign ownership of Mexican Real Estate. The title format of the property depends on its location. If the property is in the “Restricted Zone,” it will have to be held with a Fideicomiso (Bank Trust).
Rosarito Beach is in the Restricted Zone which is defined as, “ . . . any property that lies within 100 KM (60 miles) of an international border or 50 KM (36 miles) from the coast. The international borders are the United States, Guatemala and Belize. A Fideicomiso is a bank trust that holds title to a property in the Restricted Zone with the foreigner as the beneficiary.”