Mainecoons Posted February 5, 2020 Report Share Posted February 5, 2020 48 minutes ago, CHILLIN said: What drives the rents up is asking for, and receiving U.S dollars in rent. Definitely. Quote Link to comment Share on other sites More sharing options...
kimanjome Posted February 5, 2020 Report Share Posted February 5, 2020 I don't foresee the end of this climb in rents and real estate prices. The Baby Boomers are just coming into their prime--those born in 1946/47--are just a tip of the iceberg, going all the ways through until 1963. That is 16 years of seniors, some of whom will have a considerable amount of retirement wealth and will want to try the expat lifestyle, and others who will have barely enough for survival and will try living SOB to extend their budget. I moved here 3 years ago and I remember the average price of a one-bedroom in Ajijic was $400 or so, with SAT about $350. We bought a property in SAT and thought about building casitas for rental income, then we discovered it would take a couple of decades to recoup our investment. 3 years later, and the idea of building for rental income doesn't seem bad after all. Quote Link to comment Share on other sites More sharing options...
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