GayRealEstate USA

Around the Nation -- Residential Real Estate Update - Mexico

By Jeff Adolph

State-by-state

There are 108,700,891 people residing in Mexico. This country is situated to the north of the United States, and is bounded by the North Pacific Ocean on the south and west.

Mexico is classed as a free market economy and is a middle-income country. Oil is Mexico's largest source of foreign income. Income tax in this country ranges from 3-35% of taxable income after deductions are made. Deductions include minimum wage salaries, dental and medical expenses (some), funeral expenses and donations. Income includes all money earned, such as rental income, property sales and appreciation, prizes, interest, business activities and dividends.

Property tax in this country is charged annually by the state government and is appraised by a government appraiser. There is also a 3% property transfer tax charged when property changes hands.

Mexico

The most popular places to buy property in Mexico are Calo San Lucas, Puerto Vallarta, Playa del Carmer, Mazatlan, Rosarito, Hualulco, La Paz, Ensenado and Puerto Pepasco. Prices range from $150,000 to $8 million depending on the location, property size and proximity to the ocean. 

LGBT Real Estate Facts: There are approximately 10 million gay's and lesbian's residing in Mexico with same-sex unions recognized. -- gaydemographics.com

Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com

Picture Source: wikipedia.org

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LGBT Condo-hotel Opens in Mexico

By Jeff Adolph

LGBT Investments

This month excited crowds attended the official opening of Casa Cupula Private Residences, the world's first LGBT condo-hotel development designed specifically for the gay community.

Puerto Vallarta is stipulated as 'becoming gayer by the year and is taking over as Mexico's leading gay beach.'

New LGBT owned businesses are popping up daily in the region much to the delight of tourists.

The Casa Cupula offers gay professionals the opportunity to acquire a luxury vacation home with the resort styled atmosphere.

Don Pickens, founder of Milargo Properties  -- the Casa Cupula Private Residence developer said, 'We have many guests who have purchased homes and condos in Puerto Vallarta after staying with us. But they have regretted having to trade off Casa Cupula's ambiance and services because they wanted to buy real estate,' he said. 'Now we can offer the best of both worlds.'

The Private Residences at Casa Cupula can either be purchased fully or on a time-shared basis. All maintenance is inclusive and the scenery is phenomenal.

For further information go to www.casacupula.com

Source: Harrison, P (2007) World's First Condo-hotel for the Gay Community Opens in Puerto Vallarto, Mexico; available online at www.businesswire.com

Image Source: www.casacupula.com

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Have Your Say On the LGBT Political Front - August 19th 2007

By Jeff Adolph

LGBT Politics

In a national first, the Democrats are challenging the Republicans by staging a debate that is dedicated to the LGBT community and will answer many of the issues facing Lesbians, Gays, Bi-sexual's and the Transgendered across the nation.

The leading candidates for the Democratic  nomination for presidency will actively involve themselves in this debate on August the 9th, which is being telecast by LOGO, a gay cable network. Alternatively, you may view proceedings on http://www.logoonline.com/ if you are unable to access the network.

Participants in the debate will include Hilary Clinton, Barack Obama and John Edwards (pictured above), with the moderators being singer Melissa Etheridge and Joe Solmonese, Human Rights Campaign's president.

If you would like to actively participate by lodging questions for the candidates to answer you may do so by logging on to LOGOonline.com as well as on HRC.org.

Source: Demorcrats to Hold Gay Debate (2007) available online at www.wweek.com

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Mexico and Gay Investment Opportunity

By Jeff Adolph

Housing Market

Recently, I was contacted by a reader who wondered if there where many American's looking at Mexico as a primary or secondary home destination. I promised to find out more in relation to this and write a post regarding the current situation of Mexico and its investment opportunities.

My research has uncovered a mixed bag in terms of investment. There are many older gay Americans that are seeking to retire in Mexico because of its welcoming atmosphere, close proximity to major American city's like San Francisco and up-market investment for an inexpensive cost.

However, there is also a growing number of young professionals who find the possibility of purchasing in the in U.S city's like San Francisco virtually impossible because they are well and truly priced out of the market, whereas, buying in Mexico offers them an alternative lifestyle one that takes them away from their hectic day-to-day living and allows them to unwind and relax.

While this group of investors can be considered secondary investors because their real estate is merely for vacation purposes they do not fall into the typical demographic. Why? Well, because they do not own a primary residence where they reside instead they rent because they can not afford to break into the market in the U.S.

One example is 27 year old Mike Gregg, an estate and business planning specialist, who elected to buy a private residence at Casa Cupula because he can use the vacation property that is a short commute from San Fransisco and it allows him to break into a hot real estate market without busting his piggy bank and having him crying all the way to the bank.

Gregg discovered Casa Cupula as he desired luxury and accommodation that catered to the LGBT community, both of which he got.

As Gregg said, 'I came to Puerto Vallarta for the first time in 2005 and fell in love with its convenience to San Francisco, natural beauty, extensive beaches, relaxing atmosphere, and traditional Mexican influence.'

The general consensus is young LGBT professionals are finding buying in the larger American cities difficult and they are looking into investing in more than just a gay-friendly environment but more one that is designed specifically for their demographic and this is exactly what is on offer in Mexico, an easy going lifestyle that is more than affordable and caters to their needs and wants as well as desires.

Source: Harrison, P (2007) Gay Professionals Investing in Mexican Real Estate; available online at http://www.banderasnews.com/0704/re-casacupola.htm

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By Jeff Adolph

Housing Market

Recently, I was contacted by a reader who wondered if there where many American's looking at Mexico as a primary or secondary home destination. I promised to find out more in relation to this and write a post regarding the current situation of Mexico and its investment opportunities.

My research has uncovered a mixed bag in terms of investment. There are many older gay Americans that are seeking to retire in Mexico because of its welcoming atmosphere, close proximity to major American city's like San Francisco and up-market investment for an inexpensive cost.

However, there is also a growing number of young professionals who find the possibility of purchasing in the in U.S city's like San Francisco virtually impossible because they are well and truly priced out of the market, whereas, buying in Mexico offers them an alternative lifestyle one that takes them away from their hectic day-to-day living and allows them to unwind and relax.

While this group of investors can be considered secondary investors because their real estate is merely for vacation purposes they do not fall into the typical demographic. Why? Well, because they do not own a primary residence where they reside instead they rent because they can not afford to break into the market in the U.S.

One example is 27 year old Mike Gregg, an estate and business planning specialist, who elected to buy a private residence at Casa Cupula because he can use the vacation property that is a short commute from San Fransisco and it allows him to break into a hot real estate market without busting his piggy bank and having him crying all the way to the bank.

Gregg discovered Casa Cupula as he desired luxury and accommodation that catered to the LGBT community, both of which he got.

As Gregg said, 'I came to Puerto Vallarta for the first time in 2005 and fell in love with its convenience to San Francisco, natural beauty, extensive beaches, relaxing atmosphere, and traditional Mexican influence.'

The general consensus is young LGBT professionals are finding buying in the larger American cities difficult and they are looking into investing in more than just a gay-friendly environment but more one that is designed specifically for their demographic and this is exactly what is on offer in Mexico, an easy going lifestyle that is more than affordable and caters to their needs and wants as well as desires.

Source: Harrison, P (2007) Gay Professionals Investing in Mexican Real Estate; available online at http://www.banderasnews.com/0704/re-casacupola.htm

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By Jeff Adolph

Housing Market

Recently, I was contacted by a reader who wondered if there where many American's looking at Mexico as a primary or secondary home destination. I promised to find out more in relation to this and write a post regarding the current situation of Mexico and its investment opportunities.

My research has uncovered a mixed bag in terms of investment. There are many older gay Americans that are seeking to retire in Mexico because of its welcoming atmosphere, close proximity to major American city's like San Francisco and up-market investment for an inexpensive cost.

However, there is also a growing number of young professionals who find the possibility of purchasing in the in U.S city's like San Francisco virtually impossible because they are well and truly priced out of the market, whereas, buying in Mexico offers them an alternative lifestyle one that takes them away from their hectic day-to-day living and allows them to unwind and relax.

While this group of investors can be considered secondary investors because their real estate is merely for vacation purposes they do not fall into the typical demographic. Why? Well, because they do not own a primary residence where they reside instead they rent because they can not afford to break into the market in the U.S.

One example is 27 year old Mike Gregg, an estate and business planning specialist, who elected to buy a private residence at Casa Cupula because he can use the vacation property that is a short commute from San Fransisco and it allows him to break into a hot real estate market without busting his piggy bank and having him crying all the way to the bank.

Gregg discovered Casa Cupula as he desired luxury and accommodation that catered to the LGBT community, both of which he got.

As Gregg said, 'I came to Puerto Vallarta for the first time in 2005 and fell in love with its convenience to San Francisco, natural beauty, extensive beaches, relaxing atmosphere, and traditional Mexican influence.'

The general consensus is young LGBT professionals are finding buying in the larger American cities difficult and they are looking into investing in more than just a gay-friendly environment but more one that is designed specifically for their demographic and this is exactly what is on offer in Mexico, an easy going lifestyle that is more than affordable and caters to their needs and wants as well as desires.

Source: Harrison, P (2007) Gay Professionals Investing in Mexican Real Estate; available online at http://www.banderasnews.com/0704/re-casacupola.htm

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