29 replies to this topic

[jrm30655]

i was going to mention RC. apparently they need the angels there. (that location is remote & has several entry ways). there was only one good result from the security meeting. the 2 criminals were put in jail. (the ones who murdered chris kahr). the rest was nonsense. why would more police presence stop crime? & why do 1500 old folks think they are so important here? the town is not dependent on their dollars, that was a delusion. & what is going on w/the RC attempted murder case? if they have the fingerprints, & videos, where is the update? those criminals are out & about.

I beg to differ over the money deal.

There's a lot more than 1500 expats here, I have no idea how many buy 1500 is low.

To be an expat here, you need to have an income. I think it is around $13,000US per person. That is $13MM per 1000 expats that is poured into here and it all from the outside. All that money ends up here with almost no cost to the MX government.

The MX government says that it has 1,000,000+ FM-3s out. That works out to at least 13B US flowing into MX and the number is probably closer to $20B US. That is not a small amount of money to MX.

MX has about 10.000,000 visitors a year that average a bit less than $2,000 per visitor or about $20B also.

Tourism is the third largest souce of income for MX and the expats are 50% of that total.

People here have no concept of how much extra protection that this area gets. Go find a small town in MX and you will be lucky to ever see a cop.

I'm not saying that things are great here, just that they are better than a lot of places in MX.

[manny]

i see your point. but now this is a weekend party place. casinos etc. there will be much $ there as well. lets see how this all works out.

[ChrisB]

Donations were collected. Separate "security" moneys were contributed when taxes were paid. So what happened? Same old, same old.

Where are the moto cops? Where are the state police? We were promised two teams with two patrols per day? So what happened nada

[MXCompadre]

I've ecountered the 'nuevo moto-cops' twice, each time four in the pod. From what I could determine, appears that they were picking up comida for the their buddies on each occasion. New motos with little or no further meaningful law enforcement training = joy riding on new toys.

[slainte39]

The money figures on dollars? (U.S. & CDN) brought into Mexico could be a little misleading. There are a number of retirees who live off and show for immigration the returns from investments in the various financial institutions such as Multiva, Actinver, etc. A friend of mine who lived here for over 10 years and recently sold his home in La Floresta and returned to the U.S. never brought in a dime that he didn't take home with him. He invested with Multiva, lived off the interest/dividends and took his original investment back to the States. 20 years ago (before NAFTA) that would have been risky business...not so much anymore.

[BillinaBus]

The money figures on dollars? (U.S. & CDN) brought into Mexico could be a little misleading. There are a number of retirees who live off and show for immigration the returns from investments in the various financial institutions such as Multiva, Actinver, etc. A friend of mine who lived here for over 10 years and recently sold his home in La Floresta and returned to the U.S. never brought in a dime that he didn't take home with him. He invested with Multiva, lived off the interest/dividends and took his original investment back to the States. 20 years ago (before NAFTA) that would have been risky business...not so much anymore.

I have to comment on this.... if your friend brough money down to Mexico and invested at multiva that money went into the Mexican Bolsa and was a benefit to the economy while he was here, then the dividends he got were spent in the local economy and it doesn't matter where it came from it was money brought into the area and circulated. I would venture a thought that someone in that position spent a lot more than a grand a month locally....

If there are 20,000 expatriate living on the north shore and they average 12,000 dollars a year spent locally that's 240 million dollars into the local economy. That isn't just resturants and buying sovenirs, that's groceries, hardware, poolsupplies, wages for maids, gardeners, construction people etx. If the average meal at the beach resturants is 12 dollars us that means they have to sell 20 million of them... so if they have about 100 weekend days a year to do that in, do you think they sell 200,000 meals a day? I don't.

[elbelgicano]

I have to comment on this.... if your friend brough money down to Mexico and invested at multiva that money went into the Mexican Bolsa and was a benefit to the economy while he was here, then the dividends he got were spent in the local economy and it doesn't matter where it came from it was money brought into the area and circulated. I would venture a thought that someone in that position spent a lot more than a grand a month locally....

If there are 20,000 expatriate living on the north shore and they average 12,000 dollars a year spent locally that's 240 million dollars into the local economy. That isn't just resturants and buying sovenirs, that's groceries, hardware, poolsupplies, wages for maids, gardeners, construction people etx. If the average meal at the beach resturants is 12 dollars us that means they have to sell 20 million of them... so if they have about 100 weekend days a year to do that in, do you think they sell 200,000 meals a day? I don't.

Nice figure, .... and how much money is the illegal trade (drugs and other) bringing in the economy ? My guess... just a little bit more then the 240 million.... no ?

[lakeheron]

Nice figure, .... and how much money is the illegal trade (drugs and other) bringing in the economy ? My guess... just a little bit more then the 240 million.... no ?

the number I hear quoted all the time is 40 billion a year... about as much as Warren Buffet or Bill Gates have accumulated in their lives, but every year. Of course that isn't coming into the local economy, I doubt we have many millions of dollars coming into the north shore of lake Chapala from drug profits NOB. When you think it through we are a pretty big source of outside capital for the local economy.

[elbelgicano]

the number I hear quoted all the time is 40 billion a year... about as much as Warren Buffet or Bill Gates have accumulated in their lives, but every year. Of course that isn't coming into the local economy, I doubt we have many millions of dollars coming into the north shore of lake Chapala from drug profits NOB. When you think it through we are a pretty big source of outside capital for the local economy.

Oh yes, the money IS coming in the local economy..... big cars, nice houses, businesses starting up (they have to put their money somewhere), and a lot more ! And again, it is also a lot more then just drug money from NOB. It is a big part of GDP.

[slainte39]

Granted, money brought into Mexico for investment helps the country, but the dividend/interest is from profits generated in Mexico, not fresh money from NOB...a little different.
Now, whether or not there is an infusion of 240 million dollars into this area legally by foreigners, is hard to prove or disprove, as all the numbers are subjective. It seems high for the amount of businesses locally and their gross sales. There can't be that many multimillion dollar gross revenue businesses that can soak up this alleged 240 million. I know that Pemex, CFE, Telmex, Walmart and a few others can bundle up a lot cash from the foreigners...but 240 million? The small grocers, hardware stores, pool supply people, maids and gardeners aren't going to put much of a dent in 240 million either...And if the sales and incomes around here total that figure, the government is missing a lot of tax collection.