http://travel.nytimes.com/2010/01/24/travel/24hours.html?scp=2&sq=mexico&st=cse
http://www.nytimes.com/2010/01/06/greathomesanddestinations/06gh-househunting.html?scp=6&sq=mexico&st=cse
After the recent world-wide recession, NAFTA, swine flu, and an increase in drug related violence, the Mexican economy has taken serious damage. In an effort to regain its old financial vigor, Mexican hotels have slashed prices by up to 65%, the Mexican government is letting tourist barrow free bikes and helmets in large cities, and some of the largest art galleries have been buying new art. Despite a decline in crime of about 10%-15% in recent years, the housing market in Mexico is still having trouble. A Northern Mexico house with three rooms, three baths, six fireplaces, and the beach bordering one of its sides is going for only $895,000. Now, more than ever, is the time to visit Mexico and/or buy a house.
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Although Mexico is trying to revive its economy, there are still several factors that make some tourists not want to visit the country. Corruption is still a large problem which needs to be solved. Not to mention that the drug cartels are also dangerous to citizens and tourists alike. It would seem that it will take a while before the Mexican economy can regain what it lost.
ReplyDeleteI have always wanted to go to Cabo, and this seems like the best time to do it! Mexican hotels have lowered their prices, and the government has been trying to promote more and more tourism. 2 bedroom houses in Santa Barbara are sometimes more than a 3 bedroom 3 bathroom hose in Mexico. Although the economy is down, Americans may start buying into Mexico (houses, vacation etc.) so there is a chance that the economy will grow and thrive.
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