Americans Look To The Next Baja Boom Town
Seeking warmer weather and a relaxed pace of life, many Americans are buying homes even farther south of the US border.
"Baja has long been a haven for Americans looking for a lower cost of living, cheap healthcare, warm weather, and a more relaxed pace of life. The 20-mile stretch of coastline between the towns of Cabo San Lucas and San Jose del Cabo on the southernmost tip of Baja is bursting at the seams with gated residential communities, private clubs, and designer golf courses.
But the housing boom beyond Los Cabos started only about five years ago, spurred by skyrocketing US real estate prices, and amended Mexican laws in the wake of the 1994 North American Free Trade Agreement (NAFTA) that encourage foreign investment and made purchasing beachfront land easier."
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Published on Monday, November 21, 2005 in
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