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Questions and Answers about Baja, California/San Felipe
Question: What is one of
the main reasons to consider buying properly in Baja, California?
Answer: Baja,
California, is experiencing unprecedented growth as seen in Time Magazine, L.A.
Times, and the San Francisco Chronicle.
Question: What's causing
this unprecedented growth?
Answer: There are many
factors causing this growth. In addition to the expanded business and commercial
growth, many Americans, especially Californians, have discovered they can buy a
seaside home for 1/3 of the price they would pay in the U.S. You can build a
beautiful custom home for approximately $60 per square foot as opposed to $150
to $250 per square foot in California.
Question: What are the
advantages of retiring in Baja, California?
Answer: Mexico is the
number one location to retire abroad by U.S. citizens. This is due to the much
more affordable cost of living. Baja also has the advantage of being adjacent to
California.
Question:
Who stands to benefit the most by retiring in Baja?
Answer: Baby Boomers.
80 million of them are now getting older and thinking more clearly about
retirement. Many of these Baby Boomers will be attracted to how far their
retirement dollars will go south of the border. As the bulk of the boomers
retire, it is predicted they will drive real estate prices higher due to
overwhelming demand. Five million Baby-Boomers turn 50 each year and
will continue for a decade.
Question:
How would you rate the geographic location of Baja/San Felipe?
Answer: San Felipe, a short
two-hour drive south of the California-US border, enjoys sunshine 330 days a
year. The mild climate, combined with miles of protected, pristine beaches
nestled along the Sea of Cortez, makes San Felipe a very attractive
retirement/recreation location. San Felipe is also an easy drive for 46 million
people looking for peace and quiet. The area offers a myriad of recreational
opportunities such as sport fishing, boating, skiing, camping and just plain
relaxing.
Question: Is industry and
business showing an interest in Baja?
Answer: Yes, major
Fortune 500 companies such as Citicorp, Microsoft, Nortel, U.S. Sprint, and
Telscape are investing billions of dollars in Mexico. Latin America is the
fastest growing market in our global economy. Southern California and the Baja,
California, economies will soon be one integrated economy
(Excerpt: San Francisco Chronicle,
May 20, 1999). Also,
Between 1994 and 2000, Mexico received $74.1 billion in direct foreign
investment dollars.
Question:
How does San Felipe compare with other locations such as Cabo San Lucas?
Answer: Many people say
that San Felipe is the Cabo of the future, only better, due to the easy
proximity from Southern California. The easy two-hour drive south of the
border makes it the ideal location for a new destination resort site.
Question:
FONATUR, a division of the Mexican Secretary of Tourism, has just designated San
Felipe a priority zone. What impact, if any, will this have on San Felipe?
Answer:
Yes, it is true FONATUR (National Trust for Tourism development) has just
designated San Felipe as their next destination resort location to develop.
In the past when FONATUR designated an area to master plan, the results were
world-class resort locations such as Cabo San Lucas, Puerto Vallarta, Cancun,
Acapulco and Xtapa. All of these areas were transformed into
world-renowned resorts, and there was a tremendous impact on real estate prices.
Question:
I have heard of a phenomenon called the "Fifth Migration" that is having a
tremendous influence on property values. What is it and what impact is it
having?
Answer:
Yes, this is true. The Fifth Migration is having a tremendous impact on
properties that are located away from traditional metropolitan areas. People
are tired of the hustle and bustle of the crowded cities. They are tired of too
much crime, congestion, and pollution but most of all, they are tired of too
many people! Due to advances in telecommunications, fiber optics, and the
Internet, people don't have to live in the city or suburbs to work anymore. With
a computer and a phone line, a person can live on the beach and do business in
Southern California or Silicon Valley. This phenomenon is revolutionizing the
corporate world and fueling real estate booms in areas that were once regarded
as vacation property exclusively. |
