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Sunday
Mar312013

AcaCondos March 2013 Newsletter

Hello from sunny Acapulco,

The incredibly wild and festive Semana Santa (Easter week) is just wrapping up.  The city, as always, is full to the brim with tourists – the majority from Mexico City – and we are looking forward to getting back to some semblance of tranquility after a raucous week.

I spend most of my time as an economic analyst and the amount of attention Mexico is getting as a new world economic powerhouse is substantial.  This, of course, is what I’ve been stating for many years.

Thomas Friedman, a well known journalist at the New York Times recently wrote this:

In India, people ask you about China, and, in China, people ask you about India: Which country will become the more dominant economic power in the 21st century? I now have the answer: Mexico.

Mexico has signed 44 free trade agreements — more than any country in the world — which, according to The Financial Times, is more than twice as many as China and four times more than Brazil. Mexico has also greatly increased the number of engineers and skilled laborers graduating from its schools. Put all that together with massive cheap natural gas finds, and rising wage and transportation costs in China, and it is no surprise that Mexico now is taking manufacturing market share back from Asia and attracting more global investment than ever in autos, aerospace and household goods.

The full article can be seen here.

Fox News also stated:

Mexico’s economic resurgence is gaining widespread attention. Optimism about the country’s prospects is on the upswing, as evidenced by the term “Aztec Tiger,” a clever coinage by the Financial Times. It’s a welcome change in focus and tone. And by adding dimension to the country’s story, without diminishing the security challenges Mexico faces, it allows a more balanced and accurate portrayal to emerge.

The full article can be seen here.

As I’ve also stated in the past there are now more Mexicans leaving the US and returning to Mexico than are going in the opposite direction.

Now, the exact same percentage of people who desire to leave their home country exists in the US as does Mexico.



So, if you are looking for a place to have a home outside of your own country or even just wish to move, Mexico should definitely be on your list.

NEW STUDIO SUITE FOR SALE

After selling condo 2909S last month we searched to find the best unit for the best price in the towers and I am happy to announce that we now have unit 2604S available for sale, completely renovated with all new furnishings and appliances, for only $69,000 USD.

You just can’t get anything like that on the beach in Mexico for that price.

You can see more on the unit including photos, videos and details here: http://www.acacondos.com/acacondos-2604s .  

And here is a video of the view from the balcony:

Manager, James Guzman (email: jguzman@acacondos.com or call (347) 408 0715) has put together the Return on Investment if you choose to have us manage the unit and rent it out when you are not using it.



It’s really a fantastic turn-key deal.  For $69,000 you have a completely renovated studio suite on the beach already installed with high speed wifi internet and Canadian/US satellite HDTV channels.  And you don’t have to do a thing.  We manage everything.  No monthly maintenance fees to pay, no annual property tax, nothing.  And you can earn an ROI after all those things are paid of around 6% per year in profit.  And have a condo on the beach available for your use whenever you wish.

We even have financing available.  And, did you know, you can even buy property with your IRA in the US?  With a self-directed IRA (http://tdvselfdirectedira.com) you can buy foreign property as an investment with your IRA funds.  It’s a great way to divest your assets internationally.

UNTIL NEXT MONTH

Luis Miguel is in Acapulco for three nights in April at the glorious, new Forum de Mundo Imperial.  Seeing Luis Miguel perform live in Mexico is akin to seeing Elvis Presley live in the 1950s… it’s quite an experience!

So, until next time, wherever you are, stay warm!  We’ll hope to see you down here in the future!

Jeff Berwick