Jim Cramer, the Bombastic, high-energy investment Guru and host of CNBC’s massively successful show “Mad Money”, gave Mexico real estate investment a big boost this week. Cramer told his audience:
“It’s not such a bad idea to diversify away from stocks, I think that out of favor real estate in Mexico, that’s easily accessible… represents a great buy”.
With as many as 2.5 million investors viewing the show each week, the controversial host wields quite a bit of influence among his viewership and in the marketplace as a whole. His following is so intense that it has created a unique phenomenon in the stock market known as the “Cramer Bounce”, which can be best described “as the sudden overnight appreciation of a stock’s price after it has been recommended by Jim Cramer on his CNBC show”, “Mad Money”.
Following his own advice, Cramer recently announced to his audience that he had already purchased three properties in Mexico within the last few weeks. When asked about hyped headlines about drug violence and turmoil in Mexico, Cramer downplayed those fears, he said, “Mexico is a big country and not every province, every state is involved in the drug trade”, and he added, “it has to be one of the nicest places I’ve ever been.”
How to Own
Jim Cramer aside, Americans and others have been flocking to Mexico and in particular, Los Cabo, on the Baja Peninsula for several decades now. Their quest is to seek out and enjoy the beautiful weather, landscape, water, as well as the culture and leisure activities that abound.
The magic of the Baja lies in its amazing beauty and history. Property ownership is as alluring as the seas that surround it. But the seas and coastlines of Mexico were off limits to property ownership as a result of the revolution of 1914. With the prospects of tourism, an enlightened government under President Luis Echeverria Alvarez, wrote a presidential decree allowing Mexican banks to hold titles to property In Trust for foreigners. It is called a Fideicomiso and it provides for all rights of ownership as any citizen would enjoy.
The term of the Trust is for 50-year periods and is automatically renewable by law. In other words, title to the property may rest in one beneficiary indefinitely-which protects your heirs and your investment. As purchaser of a property, you may use and enjoy, build, rent, will or sell the beneficial rights in the trust anytime, conforming only the general laws of the country established for all persons. Today, U.S. Title insurance is available for properties held in trust. It assures the utmost security of your purchase as it would in the U.S.
San Jose Del Cabo
Without a doubt, one of our favorite places to visit and own on the Baja is San Jose del Cabo.
With a multitude of activities including world class golf, fishing, marinas and breathtaking beaches at your beckon it’s no wonder San Jose del Cabo is being recognized as an ideal spot for vacation home owners from all walks of life. In San Jose you will find the highest population of year round residents in Los Cabos who love the laid-back, friendly atmosphere. Outdoor enthusiasts take advantage of year round access to everything Los Cabos has to offer, from just outside their door. Take a look at the properties available in San Jose del Cabo, you just might find the ideal vacation location for you and your entire family.
Club Campestre
During our discovery process, we came across a beautiful oasis in the desert, Club Campestre. Just 15 minutes from the Los Cabos International Airport, five minutes from San José’s Puerto Los Cabos Marina, five minutes from San José’s historic downtown and 20 minutes from the exciting nightlife of Cabo San Lucas, Club Campestre San José also offers direct and private access to the beach and fabulous golf . For easy and privileged access to the best of everything Los Cabos has to offer, Club Campestre San José is ‘The Place to Live’.
You will find it very rewarding to take a moment to explore this wonderful community on your own. If you have ever thought about owning a vacation/retirement home in Mexico, Club Campestre should be at the top of your search list. You can find more information at https://www.cabovacationgetaway.com/ClubCampestre, and should you like an introduction or to set up a private showing, please leave us a comment below.
