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Simeon Mitropolitski

Simeon Mitropolitski is a Canadian analyst, of Bulgarian origin, and a former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with hot political and economic topics, both national and international.

He was part of the first group of Bulgarian intellectuals and students that began the opposition movement that finally put an end to the communist regime in this country in 1989, and in 1996-1997 participated in international observation teams during the elections in several Balkan countries - Romania, Albania and Bulgaria.

In 2002 Simeon and his family moved from Bulgaria to Canada where they live now in Montreal, province of Quebec. Simeon is a Master of Political Science from McGill University and a B.A. of Political Science and History.

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2 October 2003

Mexico: Affordable Living

© 2003, IRED.Com, Inc., Simeon Mitropolitski

There are several reasons for an average American or Canadian or European to decide to move to Mexico. One of them, of course, is the motivation to find affordable life. In many guest-books of Web sites, especially dedicated to the future Mexican residents, there are questions like "Can I live in some specific area on $1,000, $800, $600, even $100 a month?" The answer usually is semi-ironic, semi-serious: "Of course you can, but your life will be more pleasant if you decide to spend a little more. But don't be afraid, the Mexicans live on much less". Another strong motivation for visiting Mexico and moving to this country is the intrinsic desire in every human being to discover exotic worlds. There is no need to point out that Mexico par excellence fits perfectly with our understanding of exotic country, with its still pristine landscapes and traditional cultures. Of course, there are many, for whom Mexico is just another business destination, as well as some, for whom the country is the place for their first or maybe their last love adventure. Thus we hope the interest in this country won't diminish and we have reason to believe that it will only increase as the general economic and criminal situation improves.

As a country experiencing uneven speed of economic progress, Mexico can still surprise its visitors with striking examples of social and wealth inequality even within the borders of one area, not to mention the whole state. The people around the country don't feel the same feeling toward the foreigners and don't show equal knowledge of English. Some foreigners complain about the lack of any communication based on English with the local people in the southern most provinces. On the other hand, it seems that in Northeast Mexico the English has already become a common language for communication at least on certain levels. Alongside the Northeastern Pacific coast the life may seem more expensive than in some other areas, but many visitors and new settlers say that it's worth the money, given the better medical and educational system, and transport infrastructure. The same principle applies to Yucatan with his famous sea resorts.

One of the things some foreigners have to do if willing to live permanently in Mexico without paying rent is to buy a residence. In Mexican the constitution prohibits direct ownership by foreigners of real estate within 100 kilometers of any border, and within 50 kilometers of any coastline. But what about all these cozy houses we see on the Web? Why the foreigners are solicited if they can't buy them anyway? Well, in this case the Mexican government has created the so-called "trust procedures", according to which some bank has the legal title to the property, but the trust beneficiary enjoys all the benefits of ownership.

There are several dangers that haunt the peace of mind of the small investors and the authorities of some countries have warned their citizens about that. One of them is that investing in Mexico can be unsafe because of the poor system of checking the clear title of the property. Only by finding reliable local company we can minimize this danger. There are additional problems coming from the fact that the Mexican laws recognize the rights of squatters. In this case, as in many other countries, the golden rule remains to ask for advice from other foreigners living in the area of our choosing. Mexico is a big country and nobody suggests that all the problems will happen to you.

Mexico Needs More Than Time, Mitropolitski
Mexico City and It's Surrounding Areas, Mitropolitski

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See also the directory of companies providing real estate services in, and general real estate information of Mexico.

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