They have second homes and homes they'll retire in south of the border in Mexico.
Recent figures show about 1.5 million Americans own homes in Mexico and that number is expected to climb to 12 million during the next 20 years. It's an immigration wave people in the U.S. seldom consider.
Developer John Fair, quoted by Bloomberg News, said the next 15 years are going to be an absolute explosion for Americans, especially Californians, who are buying second homes and retirement homes.
For more information contact Mexican Real Estate Professionals
During the weeks ahead, I'll look into this more and try to gauge how it impacts immigration (legal and illegal) from Mexico into the United States and see what it could mean for an American Union of Canada, the United States and Mexico.
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