As E. S. Baby Boomers content their "golden" years, watching their 401Ks as well as never retirement accounts disappear as the current recession deepens and extends, enterprising Mexican developers are migration their focus from not online condominium and townhome organisations to seniors'-oriented independent diet and weight loss and Assisted Living projects. And many of those senior developments offer attractive features and amenities at a few of the price of comparable properties in the us.
With the average monthly rent the American Assisted Living unit getting close to $6, 000, and Nursing Home leases topping $8, 000, senior communities in a bouquet of quaint Mexican cities are utilizing to offer these facilities for as little as $1, 100 a weekend. There are over a million aging Americans and Canadians who has got already retired in Mexico, and many of this business, like the estimated 76 million of their Baby Boomer peers in the states, will increasingly require greater amounts of care. Inevitably, due to the fact rents for U. COUPON S. senior housing facilities continue to skyrocket, many will realize that their depleted retirement funds won't can costs. And some far-sighted Mexican developers have already been taking notice.
As Eduardo Alvarado, boss of La Moreleja, a residential development in San Luis Potosi, a bustling northern Mexican city which has a nearly 700, 000, observes, "(Senior housing) is not really a niche market. It'll be an entire industry. There are already the pioneers here, but what there has also been is that many people would come, perhaps not because they need to, but out of benefit. " Mexico, he stated, is far more modern and much much more safer than Americans anticipate. "It's as safe as or safer than a U. S. "
San Miguel de Allende, a city of about 150, 000 founded in the early sixteenth century, famous because of mild climate and colonial-era layout, is the home for many Cielito Lindo, Mexico's first ever Assisted Living community. Featuring villa-type within a master-planned community, two-bedroom, 1, 400-square footage units with covered and requirements uncovered terraces, fully-equipped houses, two bathrooms, laundry stores and pantries, are on offer at monthly rents of $1, 400. Rent covers these types of utilities, as well as cable tv, maintenance, and high-speed Weblog. Additional services, covering exercise facilities, tennis, go swimming and lap pools, and others are available for $80/month, with daily transportation within the city of San Miguel bought at $100/month.
A a warning is advised, however. So far though, Assisted Living Facilities are unregulated somewhere Mexico. They're so new--only a good half-dozen in the country--that laws have not be adopted to shelter them. The Mexican Association of Nursing homes is seeking regulations something like those governing U. COUPON S. senior housing properties. Marisol Ancona Velten, who is director of planning on an Assisted Living development in Central america City, notes that some unknown informal senior housing tasks, often converted private properties, offer substandard care.
Moreover, physicians Mexican resort cities, such as San Miguel and Puerto Vallarta, lack world-class hospital facilities that are found in the States and in Mexico City. Despite these concerns, as one satisfied Cielito Lindo resident covers his retirement experience, "If you can gain into your 80s and wish Assisted Living, what could much better than this? The guys are so friendly or the scenery is so entertaining. "
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