Avoid Mexico At All Costs, Unless You Can Deal w/ These Things

About this Video

• Video Title: Avoid Mexico At All Costs, Unless You Can Deal w/ These Things
• Channel: The Yarbros
• Speakers: The Yarbros (Specific names not provided in transcript)
• Duration: 00:18:25

Introduction

This video discusses ten significant factors to consider before moving to Mexico. The Yarbros, while expressing their love for Mexico, advise against relocation unless potential residents can handle these challenges, which range from the high cost of residency to anti-immigrant sentiment and the prevalence of natural disasters.

Key Takeaways

1. High Residency Costs: Obtaining residency in Mexico is expensive and increasingly costly each year, potentially pricing out many individuals, especially those on fixed incomes. The cost varies depending on the consulate.
2. Anti-Immigrant Sentiment: A growing anti-immigrant sentiment exists in some areas of Mexico, particularly in gentrifying cities. While not representative of all Mexicans, this feeling is significant enough to be considered.
3. Assimilation is Crucial: Successfully integrating into Mexican culture is essential for a positive experience. Failure to assimilate can lead to isolation and potential negative consequences.
4. Natural Disasters: Mexico is prone to various natural disasters, including hurricanes and earthquakes, depending on the region. Potential residents should research the specific risks of their chosen location.
5. Home Ownership Challenges: Home ownership in Mexico differs significantly from other countries. High capital gains taxes and the risk of problematic renters are significant factors to consider. Mexican laws often favor renters.
6. Zoning Laws' Absence: The lack of strict zoning laws in Mexico means that a commercial business could be built next to a residential property with little recourse.
7. Business Practices: Running a business in Mexico presents unique challenges. Navigating the often-murky legal and financial landscape often requires local connections.
8. Inflation: Inflation significantly impacts the cost of living in Mexico, particularly grocery expenses. Shopping at local markets (tianguis) can help mitigate this, but inflation is still a considerable factor.
9. Transportation: Transportation options vary widely depending on location. Larger cities offer ride-sharing services, but smaller towns may necessitate reliance on taxis, requiring stronger Spanish language skills and negotiation abilities.
10. Cost of Living Changes: While Mexico was once attractive for its affordability, the cost of living is rapidly increasing, impacting the previous appeal for many.