I Totally agree with Stu and Marty,
When I told friends we were going to build a house in Mexico, I was asked "Are you crazy? there's
Cartels down there and Mexico will nationalize everything again".
I had a hand shake agreement with the developer who was drunk at La Curva restaurant to purchase the lot.
That was in 1988, Well most everything has gone well with some little speed bumps, a few break-ins, a hurricane, a water spout,
termites and lastly Covid-19.
It's still there, and if I was to lose it, I'd be angry, but would get over it because I invested what I could afford to lose.
Which wasn't that much in 1988, under $30k for a simple house and lot 100 feet from the ocean, but we've added on
and modernized it so the investment into it went up to make it better and more comfortable.
I never thought of it as an investment to get rich off of it, I think of it as a place to enjoy, watching our kid's grow up also enjoying it.
We've seen it too many times where people have sunk a lot of $$ into projects in Mexico and other places only to watch it disappear
from their mismanagement or things out of their control.