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World Economics

The world is a scary place financially at the moment which is affecting Europe, Asia and, of course the United States.

Surprisingly enough as we watched the Dow Jones Index plummet 512 points yesterday we still find the economies in both Canada and Mexico are growing and even flourishing in many parts.

Real Estate is booming in Toronto and Vancouver, Canada and we are lucky enough to be busy here in Ajijic, Lake Chapala even though it not the “busy season”. They say the definition of insanity is doing the same thing over and over again expecting a different result. It would seem then that perhaps looking south of the border during these times of financial unrest could make a lot of sense for a better life and easier retirement.

I would suggest going north of the border but I am partial to our almost perfect weather in Ajijic, Lake Chalapa which is 75 degrees and sunny 99 percent of the year. Having lived in Toronto, Canada for many years I cannot say the same thing about the Canadian weather.

For those on fixed incomes it would make sense to have your limited income go as far as possible and the cost of living here is much less than it is in the US or Canada.

One of the many reasons Mexico’s economy is thriving is because many now skilled workers are returning home from the US as the jobs are scarcer or non- existent. This influx is stimulating the economy as the infrastructure continues to improve.

We see it ourselves. Things are very different here than when we moved to Ajijic, Lake Chapala over 17 years ago. We now have world class technology available at competitive prices which makes doing business anywhere in the world possible.

Products and services are now available to us that in the past were unheard of and things continue to get better every year.

Some people like to view Mexico as a third world country but we have always seen it as a developing nation and I think if you do your due diligence online you will find out that Mexico could be the place of the future for growth and stability.

Retirement can be stepping into the great unknown but now with everything Mexico has to offer in terms of economic growth, excellent affordable healthcare and realistic real estate opportunities this might be the place for you. It is certainly has been for us and for that we are very grateful for every wonderful day we spend in our paradise in the sun.

Ask questions and find it if Mexico has everything you need and want in a retirement opportunity.

Our favorite expression is “Most people come for the weather but stay for the people”.

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