The other side of Merida in the south of Merida Yucatan It is very poor at night, not everyone has light, many houses and many houses are made of sheet metal, my grandmother lives there in the south of Merida, I have had to go to her house and stay in the south of Merida Not all of the city is like this. The east and west of Mérida are a little more illuminated. The north of Mérida and Paseo de Montejo are very illuminated.
This is very true, and in fact our neighborhood (to the east of the true downtown area) is illuminated around Parque de la Mejorada, but the streets are fairly dark. The fact is though, this is true everywhere. Even in New York City, Times Square is lit up but it only takes a few blocks west for some street to have one or two lights at best. Cities will always fund their "money makers", and the rest, unfortunately, get what they can.
Yes the 11 gs is normal, ya gotta give Mexico something ! but yes I noticed other buyers have said the same thing. Another buyer I know of had to send 15,000.
Merida is great but I feel the housing prices are getting out of hand. Especially since there are ZERO building regulations and home inspections aren't really a thing, you never truly know what you're buying into. I saw a plot of land 1.5 hours away for over 120kUSD+ when I asked how the seller came up with that price point, they stopped responding. We're renting a house right now and the amount of water damage uncovered over the span of only 2 years is wild. Went to Conkal/Caucel to look at the newer builds, and the model homes had crooked walls (amongst many other faults and bad reviews from current tenants). If I can see crooked walls without even needing a leveler, we got a big problem. We love Merida but the craftmanship for what already exists is not up to my standard. Only way we see this working is buying, gutting, and re-building from scratch. Hoping this is a capitalism thing and not a Merida thing.
I agree with you on several points. There are basically no zoning restrictions, but there are definitely regulations through the INAH if you're building in certain areas in Centro. I've also seen many complaints about the build quality of certain housing, especially in new construction but with renovations as well. That's ultimately the reason we chose to spend more utilizing a well-known architect/builder in Henry Ponce, as we knew his reputation is on the line with every build. Turns out that was a good decision! As far as pricing goes, you're definitely not wrong in that prices have increased significantly, but I will say that I think people are attributing too much of the increase to new investment. Where I'm from in Kansas City our real estate prices are considered low (nationally), but we've seen the same crazy increase in prices over the last few years that the rest of the world has seen, including Merida. I think the supply-line issues due to COVID really pushed costs through the roof everywhere, and when you add on labor shortage supply/demand, and a general increase in costs for a plethora of reasons... you get high prices. That being said, Merida is still affordable to live, but not quite as affordable as it was even five years ago. I still have zero regrets though!
I always love ignorant comments like this, they've become very fun to respond to! First, as stated in the video this isn't a "work around", but rather an actual law passed by Mexico in 1973. You could have just Googled this, it's very easy. Also the "fictious and made out of thin air money" does not exist, I assure you that the money we invested was very, very real. Which is kind of the reason Mexico passed this law, they realized that their constitution was hurting foreign investment so they decided to (in a sense) amend it to allow for significant foreign investment which now helps their economy. I really hope you have a wonderful day, but based on your name and attitude, my guess is you get mad that the sky is blue.
Some people are a bit scared of utilizing a Fideicomiso, but it's really not that bad - I have one. Something I forgot to put in this video was that they last 50 years, and are renewable!
It depends on how long someone stays, and it's changed a bit since the beginning. I'll add the AirBNB link below, and you can check it out! www.airbnb.com/rooms/736834075163160380?check_in=2024-08-16&check_out=2024-08-21&guests=1&adults=1&s=67&unique_share_id=07e06f9e-323b-42e5-a865-15c8213e2dd6
It’s called Antelar Casa Destino, and I can’t remember what we paid for it. Right now it’s showing from ~$3,100 Pesos to almost ~$5,000 Pesos a night for a suite, which is what we were in.
Prices are going up everywhere. I moved to Asheville in 2017. I’ve watched housing values have doubled during my time here. I’m heading to Merida in the next 12-months.
I 100% agree. My reasoning is that I think people looked at Merida as a less expensive place relative to others, but because of its increase in infrastructure spending, cruise routes, and just overall popularity it's going up past that idea now. Good luck in heading to Merida!!
I appreciate the question, I just don't know how to answer. We're in to our home with literally everything between $600k-$650k, but we went all out in every way. Two kitchens, AC everywhere, oversized pool, and many other things. Meaning our price per square meter was much higher than it needed to be, but it'd also be higher now because prices have gone up significantly since our property was finished.
Unfortunately, no. Our builder installed everything at our request, but I've heard really good things through the years about Bulldog Solar ( bulldogsolar.com/ ). I'd reach out to them if I were doing it on my own.
It's kind of the opposite, actually. Taller ceilings give the hot air a larger space to travel to, and then with the proper airway setup (and air conditioning as well) you allow the hot air to escape. That way it's a constant cycle of it rising and then being removed.
Not as cheap as it's been in the past, but we built just before the sever rise in costs in Mexico, as well as the rest of the world. You're right about our house being luxury, and in fact with two kitchens, several separate areas, and a myriad of customs options, we're all in around $650k. That's a lot of money, but if I tried to build it in the States, even KC where I live, it would have been out of our price range from the start. I'm not sure what it would cost to build today, but more.
We have been watching you videos for some time. In fact we purchased a home on Calle 47 80 y 82 located between Santiago and Santa Anna. We don’t air-bnb our home but us a management company recommended by our good friend, the come weekly and do light house cleaning, landscaping, and cleaning the pool. Comes to 650 mid per week. We have thought about air bnb but not sure how to get started. It is nice however to come home, in Mexico, and know no one has been there.
That's awesome, and what a great area you've found yourself in! There is a part of me that's excited for the day when we're in your situation because as much as the income can be beneficial - it is nice to know that it's your home and no one else's. Thank you so much for watching, it's very much appreciated!
Living in Mérida, Mexico, is a delightful experience characterized by its rich cultural heritage, vibrant arts scene, and friendly community. The city's colonial charm is evident in its well-preserved architecture and picturesque streets, while its modern amenities ensure a comfortable lifestyle. Mérida offers a unique blend of traditional Yucatecan cuisine and contemporary dining options, making it a food lover's paradise. The warm, tropical climate allows for year-round outdoor activities, and its proximity to stunning beaches and Mayan ruins provides endless opportunities for exploration. Moreover, Mérida's low crime rate and affordable cost of living make it an attractive destination for both locals and expatriates seeking a high quality of life. Great video, Alexander Howell!
If any one is looking to buy property in merida let me know, my name is Karen and i now live here in Merida, moved 3 years ago from PA, and looking for an investment property for my family i decided to get certified so not to get taken advantage of, so i can totally help you out and even take you around if you decide to visit to check the options out live ;)
I live in Vancouver Canada. A 680sq ft. 1 bedroom condo is $750,000. I shopped new 2 bedroom 3 bathroom 1700 sq.ft places in Merida for $260,000 Canadian. What's cheaper in Merida than Vancouver? EVERYTHING. I'm retiring to Merida in 6 years.
This is my biggest point, so thank you for stating it with personal experience! Everything is more expensive right now, and there is definitely a conversation to be had about foreigners (like us) making things a little bit more expensive... that's not the biggest issue though. We were lucky to build when we did, but to build our house in Merida, even in Kansas City, would be crazy. My biggest piece of advice? Buy right, research where you shop, and buy solar panels. If you do those things you'll do great. Thanks again for the comment, well put!
See this article ( www.theyucatantimes.com/2019/09/merida-is-number-21-in-the-worlds-safest-cities-ranking-2019/ ), but it's CEO World Magazine that ranked it this way. I've seen several people push back on this, but I can tell you from my own experience in traveling that I agree with it. We've traveled all over the world, my wife even more so than myself, and I've never felt uncomfortable in Merida. Not saying that it couldn't happen, but my experience has been incredible.
Hotter than hell. stay out. HAPPY i do not have to beg on here for food, drinks, rent or vacations. IT is just greedy to beg, when you are house sitting . wtf Leave these thugs alone or die. I love your videos. God bless you always, and the world. Hola from Queretaro. Over 62 years visiting Mexico, all 0ver the world and all 50 USA states. Keep frozen water bottles for body, bed. pets in and out. Wear a wide brim hat, and loose clothing. See how the Arabs are dressed in the desert. MOVE! YOU are not trees. Carry frozen water bottles for body, bed, chair, car, animals etc. REAL TRUTH. Move to Mexico. Criminals are worldwide. Be alert. Hola from Queretaro. There are African Mexicans. Africans are all over the world. Africa is the mother of ALL civilizations. I was born in Chicago in 1942 Southside, and happy I obeyed my parents. I live in Queretaro now since 2021. I wish you the best, and stay away from drugs, drinks and lust. Be honest. Do not marry, shack, or have babies. Live alone is safer. Hola from Queretaro. I have been speaking Spanish since age 14. Merida was too hot. I never wanted a house in Acapulco, but I rented a home, had a timeshare, rented rooms and apartments. I am a USA Muslim. I am in my 82nd year living in Queretaro since 2021. I was 20 in 1962, when I came alone from Chicago on a 2 weeks vacation to Mexico, from the border down to Acapulco. You are never alone, when nice families are around, and beware of the evil and scammers around. Earthquakes were the deal breakers for not retiring to Acapulco. I always worked, and never asked anyone for anything. I am a giver to nice and honest none beggars, and my 411 is FREE. USA got too dangerous, so I left at 79, for I would have eliminated the John Gacy look alike trying to get into my heavily blocked apartment with a key at all hours of the day and night. I was being poisoned for life insurance, but God warned me, and he took care of the evil demon. God protects me, but I do protect myself also by any means necessary. I have had to protect myself from evil demons, no matter where I live. I pity the fool, who tries to eliminate me. I have traveled all 50 USA states and the world on my own dime from WORKING A JOB, that paid every 2 weeks, overtime, and paid vacations up to 6 weeks. Never needed a go fund to travel. I speak Spanish and other languages since age 14 as a second language. I survived the USA for 79 years and earned all my income there. A nice pension and small savings support me and allows me to help non beggars. I can smell scammers and dishonesty a block away, and then I block their behinds. RENT is all i pay, because it includes everything, maid and security. Since 2021 it has been $672 per month to a present $916 per month. I order stock up groceries etc once a month or two at about $400 or less and delivered to my home in Queretaro. Gifts excluded, since it depends on you, and I prefer to keep that private, but I only am generous to none and honest beggars, who are not scammers or dangerous. I block evil criminals worldwide. CLICK, I am not rich or stupid.
Please ask an attorney, but it is my understanding that permanent residents can avoid a fideicomiso. That being said, by my understanding that is kind of putting the cart before the horse, as you need a residence to shown residency.
These videos are kind of ridiculous. Americans/Canadians move down there in droves and are whinning about how expensive it's gotten?! These jokes write themselves😂😂
@@AlexanderFromKC I'm a content resident, and I like to watch content from others in the area, but it is silly to complain about a problem that one is also contributing to.
I love your channel. I’m sorry to hear about your recent health issues but glad there appears to be some progress in figure them out. My wife has been experiencing some of the same symptoms for about 7 weeks. She’s been to the E.R 3 times, her doctor once, cardiologist and every test comes back fine but she still has many symptoms. Do you have any suggestions or recommendations that might help her? Thank you in advance
I'm so happy you're enjoying the channel, but I'm so sorry your wife is going through it. Unfortunately, I've been trying to figure it out for a year and a half and am still looking for the cause. I will say that a lot of people with similar symptoms have success with a cervical epidural, which is a routine procedure. That being said it didn't really do much for me. Good luck with everything, I'll be thinking about you all.
I would absolutely ask more people than just me, but from my experience notaries in Mexico are more than just legal documents "verifiers" like they are in the USA. Our notaria, which was Notaria 11, was more like a title company combined with a real estate lawyer on board. They were the ones that handled closing, the handling of monies to all parties, our power of attorney, and closing - all combined into one office. They're basically the entire middle-man in the buying and selling of property.
The best way that I can recommend to get started is to find forums and groups on websites like Facebook, and read everything you can about the area you're looking to buy. Some can be toxic, but listening to what others have to say is vital when determining your location. That may also help you find your real estate agent, architect, and other trusted resources that you're going to need. Although we started quickly, we read hundreds of posts before we found our agents, but that relationship lead us to our architect and so on... Be patient, read a lot, and you'll have a great journey. Good luck!
Air conditioning in every bedroom and every "hang out" space" are very important. The number one thing you have to have is a pool though, and I would tell you that making it just a little bigger than the average one is good for all parties. Other things would be a nice kitchen, (personal suggestion) a bathroom in every bedroom, and convenience appliances like a washer/dryer are huge for looking at longer term rentals.
From my experience here, starting well before Airbnb the number one for the renter is location, Santiago is the most well known neighborhood and has been since the area formerly called "Gringo Gulch" was all that was really known. If not there, close.. For the owner an easy to maintain house built to very high standards will produce the most return with the fewest headaches. A one bedroom house, not necessarily small, just with fewer rooms with 85-90% occupancy at $125 US per night will be more profitable and easier/less expensive to manage than the multi roomed higher cost alternatives. Also an open design with fewer rooms will allow for hosting events with multiple people paying to visit but not sleep, similar to Airbnb Experiences if desired... Oh, I would add that a large kitchen is a huge bonus...even if the renters never walk to the market and shop for ingredients, the thought of doing it is a hook..