A new survey conducted by Scottrade found that 31 percent of Generation X (those people born between 1965 and 1982) believe that they’ll never be able to fully retire. It’s easy to see why they would think that way. Current estimates indicate that the Social Security trust fund will be exhausted in 2041. For someone born in 1965, that’s not very comforting news. Pension funds are going broke left and right, and retirement savings are being hit hard by the economy. Gen X’ers are wondering what retirement options they’ll have left. They’re overlooking one spectacular opportunity: a Puerto Vallarta luxury home.
Luxury sounds counterintuitive in a down market, but it’s not. Investing in a Puerto Vallarta luxury homes actually makes a lot of sense. Right now, property in Puerto Vallarta is undervalued. That means there are bargains to be had. Building a Puerto Vallarta luxury home now might possibly be one of the smartest moves a Gen X’er can make.
Mortgages are available to purchase land and build a home. Within the next ten years, the population of Puerto Vallarta is expected to increase by nearly 75%. At that time, there won’t be any bargain property to be had. A Gen X’er who buys land and builds a Puerto Vallarta luxury home right now can take advantage of the low land and building costs, and reap the benefits of the substantial increase in property values that will occur in the next decade.
As an added benefit, many Puerto Vallarta luxury homes are rented out on a short-term basis to Puerto Vallarta visitors. The home can generate enough rental income to pay for itself! It’s an excellent way to take advantage of the growth in the market here. Your Puerto Vallarta luxury home can double as a vacation getaway for you and your family, while at the same time ensuring that your long-term retirement plans are secure.
If you’re ready to stop wondering whether you’ll be able to retire, and start making plans to enjoy your life, please don’t wait. This opportunity won’t last long. Smart investors from all over the world are inquiring about the availability of these building sites. If you’re ready to start working on your retirement, please contact a Select Mexico Properties sales representative today.
Photo Credit: Ben Earwicker
Relevant Tags:mexico retirement options, mexico vacation getaway, puerto vallarta luxury home, puerto vallarta property values
