I came across this article yesterday and I thought I would share here today. The strength of the dollar goes a long way here in Mahahual and Mexico. This article goes into how affordable it is to live in Mexico if you collect Social Security or other income in USA dollars here. This article is from http://www.thestreet.com.
Makes It a Good
Time to Buy in
If you receive your income in U.S. dollars, and you’re already living in Mexico, you have a substantially lower cost of living. If you’re thinking about moving to Mexico but don’t know if your costs will be low enough, that can be an incentive to relocate.
A 2015 Best Places in the World to Retire study, Expats: Expectations & Reality, found that nearly nine in 10 expats cited the lower cost of living as the reason for their moving. Of course, most people don’t move solely because of a lower cost of living. They consider such things as the weather, safety and the availability and quality ofhealthcare.
But this may be a particularly compelling time to consider a move for those who receive their income in U.S. dollars. That’s because of the improving exchange rate between the U.S. dollar and Mexican peso. It’s becoming cheaper to buy and rent products and services in Mexico.
Let’s say that you want to rent a home for 10,000 Mexican pesos a month. On Jan. 1, 2015, you would have had to exchange $674 for your rent. One year later, you would have had to exchange just $579. That’s a more than 14% rent reduction solely due to the increasing strength of the U.S. dollar.
The 10,000 pesos can buy a large, comfortable place, too. Armando Contreras, a Mexican national in the Puerto Vallarta area, said that a recent client is paying that amount for “a 3,500 square-foot, 5 bedroom, 4.5 bath villa in a secure community with a gardener and a view of the Pacific Ocean.”
The exchange rate works favorably for people purchasing properties, as well.
Wade Yarchan, a former Floridian who sells homes in the beach areas around Merida in the Yucatan Peninsula, said that the price of a home that’s been for sale for 1.4 million pesos has dropped from $100,000 to $79,000 because of the changing exchange rate.
Some expats believe such improved values will spur an influx of knowledgeable investors and retirees to the Yucatan. Among the observers is Gary De Spiegelaere, a Canadian businessman and property owner and developer who now lives and works in Celestún, a beach area in the Yucatan.
The favorable prices carry over to areas outside real estate.