Friday, November 10, 2006

Gringo wetbacks

It's going to be a race to see which country loses
more people to the other...when the baby boomers
start retiring.
What few people -- at least, outside of Mexico -- have bothered to notice is that while all the nannies, cooks and maids have been heading north to tend the luxury lifestyles of irate Republicans, the gringo hordes have been rushing south to enjoy glorious budget retirements and affordable second homes under the Mexican sun.

Yes, in former California Gov. Pete Wilson's immortal words, "They just keep coming." Over the past decade, the State Department estimates that the number of Americans living in Mexico has soared from 200,000 to 1 million (or one-quarter of all U.S. expatriates). Remittances from the United States to Mexico have risen dramatically, from $9 billion to $14.5 billion in just two years. Although initially interpreted as representing a huge increase in illegal workers (who send parts of their salaries across the border to family), it turns out to be mainly money sent by Americans to themselves to finance Mexican homes and retirements.
Forget Baja and visit real Mexico. Better prices, if
for no other reason.

Full article.