Horray for everyone who has found home bargains in the United States. Two of our friends just bought a condo in Palm Springs, Calif., on a total whim. They thought they were just visiting, but now they’re the owners of a ranch with vistas of distant rolling hills. Somebody must have made them an offer they couldn’t refuse.
Other friends of ours, who are from California, ended up in Fort Lauderdale, Fla., in a beautiful condo overlooking the water. They never thought they’d be anywhere else but Los Angeles or maybe Orange County when they retired. Something clicked in that luxury high rise, and now they’re on the East Coast looking at both the Atlantic and the intercoastal waterway. It was a steal.
Lots of other people are finding a great buyers’ market in places like Henderson, Nev., a Vegas suburb where you can live in bland comfort, with a pool and a big Barcalounger facing a huge flatscreen TV. Yes, this option has been tempting at times.
These anecdotes point to how mobile many retirees are, especially if they bought their last home before the bubble. Meanwhile, Mérida isn’t nearly the bargain-hunters’ paradise it used to be.
A reality show isn’t such a reliable barometer, but I’ll cite it anyway because I think they’re right in this case. On House Hunters International, their most recent Mérida episode was uncharacteristically discouraging. The episode follows a couple from Canada with a $225,000 budget. Here’s the narrator: [Read more…]