Archive for November, 2009
The world’s best places to retire
Posted by Cabo Real Estate in Articles on November 23, 2009
US retirees looking for lives of comfort at bargain-basement prices might do well to look at a sunny, sophisticated city near the equator.
By MSN Money staff
US retirees looking for lives of comfort at bargain-basement prices might do well to look at a sunny, sophisticated city near the equator.
The best place in the world to retire, according to expatriate lifestyle magazine International Living, is sunny, cheap, cosmopolitan and 8,000 feet high in the Andes.
Cuenca, Ecuador’s third-largest city, is a well-preserved colonial city of cobblestone streets and dramatic period architecture, with modern suburbs, shopping and all the comforts American retirees might expect. Yet they can live there — and well — for about $17,000 a year, the magazine says.
Cuenca and Ecuador in particular have so much to offer, says International Living Managing Editor Laura Sheridan, that the country bumped Mexico from the top spot in the publication’s Annual Retirement Index, released last month.
The index analyzes and ranks 29 countries in categories including real-estate costs, special benefits offered to retirees, culture, safety and stability, health care, climate, infrastructure and cost of living. The rankings are below.
“We look closely at the best opportunities worldwide for retirement living,” Sheridan says. “Where will the retiree’s dollars go farthest? Which country is the safest? Where is the health care best? We give top priority to those things that matter most to anyone planning for retirement, including programs with special benefits for retirees . . . things like tax breaks and discounts, for example, that various governments offer in an effort to attract investment and retirement dollars.” Read the rest of this entry »
Why retirees are fleeing the US
Posted by Cabo Real Estate in Articles on November 23, 2009
A move to another country may make economic sense, especially for seniors who don’t have enough savings to live in retirement without a dramatic cut in lifestyle.
By Scott Burns
A move to another country may make economic sense
Several years ago a Dallas couple approaching retirement disappeared. Well-known on the charitable-event circuit, the couple were in Dallas one day and gone the next. Phone disconnected. No forwarding address. No working cell-phone number.
Eventually, word spread that they were somewhere in Mexico. They had sold whatever they owned, packed their car and headed for the border. They were, conflicting reports said, living in small towns, the kind of places seldom featured in travel magazines.
We can only speculate on what happened. I think they were broke, had little or nothing in savings and knew they had to make a major change to survive on their Social Security income and minimal savings. Like millions of other Americans, their ship never came in. They got older. Work became harder to find. Suddenly, they realized their life was entirely unsustainable. They were heading toward a cliff. Read the rest of this entry »
The rush to a Mexican retirement is on
Posted by Cabo Real Estate in Articles on November 17, 2009
More and more Americans are moving to Mexico for the sun, the fun, and for less money.
By Les Christie, CNN/Money staff writer
San Jose Del Cabo, Baja California Sur
NEW YORK (CNN/Money) – Most Americans know about the flood of Mexican immigrants into the United States, but many may not realize that there’s a growing movement in the opposite direction.
The Dallas Morning News recently reported that as many as a million U.S. citizens now live in Mexico, up fivefold from just 10 years ago.
As recently as 1999, the American population of San Carlos in Sonora was perhaps 35, according to Phyllis Lilischkies, a real estate broker there. Now, the expatriate population is between 3,000 and 5,000 — and soaring.
The bulk of this migration consists of retirees, drawn to Mexico by its culture, its climate, and, perhaps above all, its costs.
Many of the popular American expatriate enclaves are in regions boasting great weather. Lisa Larkin, a retired attorney and real estate expert who spends part of the year in Mexico, says the climate helps make life there “just a little bit sweeter.” Read the rest of this entry »
In Mexico, Club Campestre San Jose still delivers good golf, views away from the beach
Posted by Cabo Real Estate in Articles on November 9, 2009
By Jason Scott Deegan,
Senior Contributor for www.worldgolf.com
In Mexico, Club Campestre San Jose still delivers good golf, views away from the beach
Golfers teeing it up in Los Cabos have always held onto one high standard when it comes to where they’re playing: They want ocean-front golf.
The sight of golf’s shades of green shaking hands with the sandy white beaches and blue waves of the Pacific Ocean or the Sea of Cortez distinguishes the southern tip of Mexico’s Baja California Peninsula over many of the world’s other luxurious golf destinations. More holes rest peacefully near the shoreline in Los Cabos than any other golf hotspot except Hawaii.
But as development has crowded out the beach, golf courses like the Club Campestre San Jose must prove their worth away from the surf. Campestre is the fifth Jack Nicklaus design in Los Cabos, opening in 2007. Playing on the ocean at celebrated places like Palmilla and Cabo del Sol will cost you. Playing just off the ocean at Club Campestre, while still enjoying similar views on the horizon, won’t. Campestre’s greens fees are generally 10 to 20 percent cheaper than its competitors. Read the rest of this entry »
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