Puerto Vallarta News

Puerto Vallarta News

Gentrification and Retirement in Mexico: Are Foreigners Part of the Problem?

Mexico has long been a magnet for American and Canadian retirees seeking a warmer climate and lower cost of living. In fact, by 2022 an estimated 1.6 million U.S. citizens were residing in Mexico – about half of them retirees. Drawn by affordable healthcare, cheaper housing, and a rich cultural lifestyle, Baby Boomers and even younger remote workers have been flocking south of the border in record numbers. But this influx of foreign residents has…

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