Saturday, July 03, 2021
Dear Your Overseas Dream Home Reader,
Welcome to your Weekly Wrap-Up!
Yesterday, I asked you about your personal experience of living in U.S. urban centers and boy did I get a big reaction!
As I explained, based on news coming out of the U.S., the outlook looks bleak for its major metropolises.
Last month, the crime index in New York City rose 22%… A recent report from Bloomberg found that only 9,000 of the 19,000 New Yorkers who moved to Florida to ride out Covid say they definitely plan to return.
Similarly, in San Francisco a recent poll found that more than 40% of participants plan to move out of the city in the next few years due to worsening crime and the decline in quality of life.
That’s why I thought it was the right moment to rerun an article I wrote a while back, Welcome to Fear City (Again!).
And based on reader’s experiences, the statistics paint an accurate picture…
- Terry says: As a U.S. citizen and resident of Tampa, Florida, I believe you are spot-on with your perception of U.S. crime rates, especially in the larger cities.
- Jim says: I agree with you and do not dispute your statements… My wife and I moved to rural America because of increasing costs and loss of quality of life in the “big cities.” We just purchased a condo in Santamar (too late to be a RETA deal) and Panama and I hope we get into the RETA marina deal.
- Quality of life is better, costs are lower, healthcare is at least as good if not better in many cases—and much cheaper—and the people are very friendly.
Next week, I’ll share more of your reactions. And if you want to weigh in just drop a line to feedback@realestatetrendalert.com.
Clean, Safe, and Stunning…
Safety is obviously a huge factor when choosing where to live, invest, or spend time…and it’s a top priority for me and my team when we travel and when assessing places on our RETA beat…
It’s a big draw for many folks who make colonial Merida, Mexico, their home…
This Thursday, July 8 at 1 p.m. I’m opening a RETA-only deal on luxury condos with a $52,313 discount in a landmark marina community close to Merida. If you are a RETA member you’ll find the full details of this incredible deal here.
Merida was twice named the second safest city in North America. (The first one is Quebec.) It feels like a European city on the Mediterranean, with kids playing on the streets, families relaxing in the parks, culture-hungry tourists strolling around…an easy, outdoors lifestyle. In a 2020 rankings by CEO World the city holds the 21st spot on the worldwide list, ranking safer than cities such as The Hague, Holland, home to the International Court of Justice, and Geneva, Switzerland.
It’s one of Latin America’s most beautiful and vibrant colonial cities…and our latest RETA opportunity is only a short drive away.
I’m talking “boat on the doorstep” water-view condos in a landmark marina with a private beach planned…
It’s high-end luxury…a truly one-of-the-kind project in the backyard of the best-in-class developer we’ve had RETA deals with in Playa del Carmen and Tulum. In fact RETA members are sitting on big gains already in other SIMCA communities.
|
|
Our RETA-only discount for this opportunity is $52,313. And due to the intense demand for these condos from both expat snowbirds and well-heeled Mérida residents (which means two high seasons every year), I predict potential gains of $170,200 five years after delivery plus income potential of $22,800 annually.
I’ve been working on securing a deal in this region for years…but only now have all the right elements come together.
It’s unique, landmark…a mix of colonial splendor and city sophistication with exclusive beach and out-of-this-world amenities.
And RETA members have the opportunity to get in next Thursday, July 8 at 1 p.m. ET (If you’re a member, you can get the report here).
How to Profit from the Global Real Estate Boom
Last Thursday, I, along with my senior researcher Margaret Summerfield, hosted a very special online event, How to Profit from the Global Real Estate Boom.
We were joined by a host of real estate experts and insider contacts as we put the spotlight on the Algarve…the Costa del Sol…an up-and-coming “riviera” on Panama’s Pacific coast…Mexico’s Caribbean coast playground, the Riviera Maya…
All places where I see the hottest potential deals in our Real Estate Trend Alert beat in 2021…and beyond.
As the real estate market in North America continues to go insane, with prices rising at the fastest pace since 2006 (and we know what happened a few years later), with prospective homebuyers submitting offers by dozen for even lackluster properties—sight unseen, and homes going for six-figures over asking prices—or more—in some markets…
RETA is seeking refuge in appealing locations abroad where we can secure properties for deep discounts in locations primed for handsome rental income, significant capital appreciation, or both.
This online event is essential viewing if…
- You want to diversify a portion of your wealth outside of the U.S., where you can still find affordability and real developing economic growth…
- You want to protect yourself against inflation and potentially make sizeable profits…
- The 5 best places to buy real estate right now…
- Or you just want to buy your dream vacation or retirement home…
And RETA members can watch the replay of the entire event right now by going here.
I also sent members a bonus video where I discuss our exceptional upcoming marina dela with Margaret. If you’re a member, watch it here.
The “Unknown” Town of the French Riviera
Due to the pandemic, a larger than ever percentage of the workforce has been working from home. Work has gone virtual.
That’s actually old news for RETA. We’ve always had a remote team, with members in Mexico, Ireland, Colombia…or wherever they happen to be on the road that week.
Myself I split my time between homes in Los Cabos, the Silver Coast on Portugal, my hometown of Cork in Ireland—when I’m not on one of my boots-on-the-ground research trips, of course.
The beauty of our virtual “office” is that my senior researcher Margaret Summerfield was able to join me on RETA’s How to Profit from the Global Real Estate Boom online event while on the road herself.
She is in the midst of finding a new home-base in Europe after many years in Panama City.
She was recently in Menton, which is the last town on France’s Côte d’Azur before the Italian border.
|
|
Menton is considered one of the region’s best-kept secrets—and remains mostly unknown to North American travelers…overshadowed by the glitz of Cannes, Nice, and Antibes.
Does that mean she found bargain real estate? Not quite. Although there was one property on the market for a fraction of the going rate…but it had a “catch” unique to France.
You can check out the full results of her search here.
Wishing you good real estate investing,
|
|
Ronan McMahon, Real Estate Trend Alert