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Americans relocate to Mexico to combat cost of living

(NewsNation) — As inflation skyrockets and the housing market teeters, some Individuals are packing up their houses and relocating south of the border.

In response to the Los Angeles Almanac, the median value of a house in Los Angeles County sits at greater than $860,000; and renting within the Golden State just isn’t far more inexpensive.

You are reading: Americans relocate to Mexico to combat cost of living

Actual property specialists and Mexican householders confirmed that extra Individuals are selecting up and shifting south of the border to deal with the value of dwelling.

“I’ve turn into extra Mexican than American today,” Megan Beck, who lives in Rosarito, Mexico, stated.

Beck calls her dwelling scenario “the Mexican-American dream.” Initially from Nebraska, Beck and her husband constructed a house in Rosarito, Mexico, which is about 30 miles south of San Diego.

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“I’ve been capable of construct a house from floor up. I couldn’t afford that over there. It was simply getting too loopy,” Beck stated.

Zachary Solomon at present lives in San Francisco however has additionally had his eyes on the Mexican housing market — his father and brother already reside there.

“It’s nearly a no brainer for me,” Solomon stated, “And it’s simply, I’ve to persuade my associate to finish up shifting there.”

Influencing the exodus of Individuals: the massive distinction in value of dwelling between the 2 nations.

Numbeo, the world’s largest value of dwelling database, helps folks calculate the distinction in prices of meals, utilities, childcare and all different life requirements.

In response to the location, a one-bedroom residence in San Diego prices $2,597 per thirty days to lease. In Tijuana, Mexico, a same-size one-bedroom residence rents out for $617 per thirty days.

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Condominium complexes, such because the “La Jolla Excellence” in Rosarito, Baja California, simply south of Tijuana, are promoting on to Individuals. Simply 24 miles south of the border, the complicated presents luxurious villas and condos with seaside views and entry. Promotional movies in English inform Individuals it “could make goals a actuality.”

The web site additionally presents a weblog on the distinction in value of dwelling in Mexico versus the U.S., attempting to steer Individuals who’re contemplating the transfer, to make the transfer.

Some Individuals dwelling in Mexico stated these contemplating relocating could as effectively crunch the numbers to see if the transfer is true for them.

“Simply strive it out, you already know, like come down, come all the way down to completely different couple weekends or weekdays. Really feel it out — the vibe down right here — as a result of lots of people fall in love,” Megan Beck stated.

In fact, the legislation of provide and demand additionally exists in Mexico, and the president of the true property affiliation of Tijuana says the price of housing within the metropolis goes up as increasingly more Individuals migrate there to reside.

He says that the value of low and middle-income housing has gone up as a lot as 30% because the starting of the pandemic.

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