Skip Co-Buying: Why Mexican Real Estate Is a Better Choice
A Smarter Choice: Why Buying in Riviera Maya Beats Co-Buying a Home in the U.S.
Right now, house prices in the United States and Canada are very high. In fact, they’ve gone up 56% since early 2020! This has made it more difficult to buy a house or apartment. Because of this, many are teaming up with friends or family just to be able to afford a place. This is called co-buying.
But what if there was a better option? For Americans and Canadians, the Riviera Maya in Mexico offers an amazing opportunity. You can buy property in a beautiful location for a much better price. This article will show you why investing your money in a place like Tulum or Playa del Carmen is a smarter move than splitting a house back home.
The first move, no matter where you're buying, is to enlist expert help from someone who knows the area and has access to all properties. Reach out to Mycasa Real Estate and have one of their licensed agents assist you from the very beginning.
Table of Contents
- The Housing Problem in the U.S. and Canada
- Riviera Maya: A Better Place for Your Money
- How to Make A Smart Investment in the Riviera Maya
- Why this Area is a Good Bet for the Future
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What this means: You get more bang for your buck in the Riviera Maya compared to back home. Nicer properties cost less and you'll be within a few minutes from the beach
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Think about it: For the price of a small, ordinary house in a U.S. suburb, you could buy a beautiful condo with a pool in Playa del Carmen or a cool, modern house in Tulum.
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For example: Someone who can’t afford a down payment on a home in California could easily buy a property in Mexico that they could live in or rent out to tourists for extra income.
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Lots of Tourists: Millions of people visit every year, which means there's a huge demand for places to stay. If you buy a property, it's easy to rent it out.
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New Roads and Airports: The government built new things like the "Tren Maya" train, which makes it even easier for people to travel around the area and will make property there more valuable.
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Great Lifestyle: People love the beaches, the food, and the relaxed vibe, which makes them want to visit, live, and retire there.
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Condos: These are perfect for renting out to tourists who are on vacation.
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Houses: Great for families who want to rent for a longer time or for your own vacation home.
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Properties Still Being Built: You can often buy a condo or house before it’s finished for a lower price. By the time it’s done, it could already be worth more money.
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Cancun: A busy city that's great for renting to tourists year-round.
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Playa del Carmen: A fun, lively town with a high demand for vacation condos.
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Tulum: A trendy, eco-friendly town that is growing fast and lots of opportunities are available there.
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Puerto Aventuras: if you're a boater or golfer with a budget above 750K USD, this could be just the place
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Bank Trust (Fideicomiso): As an American or Canadian, you can legally own property near the coast through a special permit from a Mexican bank. It’s a safe and common process.
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Get a Good Lawyer: You should always hire a local lawyer who has experience with foreign buyers to make sure everything is done correctly. Reach out to us today and we will schedule a conversation with Lighthouse to review the buying process and how the right due diligence protects you.
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Paying for Your Property: Most foreign buyers pay with cash or get a loan on a property they already own back home.
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Hiring a Property Manager: If you plan to rent out your property, a local manager can handle everything for you, from finding renters to fixing any problems.
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The Big Picture
Buying a house in the U.S. or Canada is tougher than ever. Prices are high and there aren’t enough homes to go around. This is making people look for other options. The Riviera Maya is a perfect solution for American and Canadian investors. The area is popular with tourists, it's growing, and you can get more for your money. This means you can buy a great property that could be worth a lot more in the future.
Image: NPR Article: Why Friends Are Teaming Up to Buy Homes
The Housing Problem in the U.S. and Canada
The Problem: House prices in the U.S. have shot up by 56% since 2020. It’s become so expensive that many people, especially single individuals, can't afford to buy a home on their own. There are not enough new houses being built, and high interest rates mean fewer people are selling.
Why It's a Big Deal: This isn't just about money. It’s frustrating when you can't buy a home. People feel stuck. It’s making them look for creative solutions, like co-buying with friends, or even better, looking for places to invest their money where it will go further.
A Better Solution: Instead of struggling in an expensive market, you can look at the Riviera Maya. It’s a great place to invest because you can get in at a better price, and the potential for your property to increase in value is high. The problems in the U.S. housing market are actually creating a golden opportunity for investors in Mexico.
Riviera Maya: A Better Place for Your Money
The same things that make it hard to buy a home in the U.S. and Canada make the Riviera Maya look like a great deal. Here’s why.
Why It's Cheaper
Lots of People Want to Visit
The Riviera Maya is one of the most popular tourist spots in the world. This is great for property owners.
Different Types of Properties You Can Buy
You can find all kinds of properties in the Riviera Maya to fit your budget.
How to Make a Smart Investment in Riviera Maya
To get the most out of your investment, it helps to know where and how to buy. Let Mycasa Real Estate guide you every step of the way.
Where the Best Spots Are
Different areas in the Riviera Maya offer different things.
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A Simple Guide for Foreign Buyers
Buying property in another country might sound complicated, but it's pretty straightforward.
Why Riviera Maya is a Good Bet for the Future
The mix of high housing prices in the U.S. and the amazing opportunities in the Riviera Maya means this is a smart time to invest. North Americans will keep looking for better places to put their money, and the Riviera Maya is a top choice. The area continues to grow and welcome foreign investors, so the chance to buy a valuable property here is not going away anytime soon. By choosing the right location, you can make a solid investment that will pay off for years to come.
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