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Long Term projected rise in healthcare, gas prices and cost of living have Boomers looking abroad for petirement
An ever-increasing rise in the cost of living has Boomers concerned about life after work. In search of affordable healthcare, reasonable gas prices, and a lifestyle comparable to home, retirees, second home buyers and developers are discovering one of Fortune Magazine’s “Top 5” picks for residential real estate investment: the Yucatan Peninsula.

Matthew Nussbaum, Principal of TheUSARealty.com, has compiled a “wish-list” of the ideal retirement or second home:

“Big Lifestyle for Less Money, Attractive Climate, Rich Cultural Tradition, Low Crime Rate, Excellent Healthcare, Convenient Location, American-standard Conveniences, and an Abundance of Recreational Activities.”

“Buyers are looking to make a good investment, lower their cost of living and many just have an itch to try something new,” said Mr. Nussbaum.

One of the hottest new areas for development is Merida. The historic capital of the Yucatan Peninsula is a picturesque colonial city situated near Mayan Ruins. It is home to the oldest cathedral in the Americas yet modern enough for a Porsche dealership, a full-service Costco, and a new luxury resort development: Flamingo Lakes Resort. The Yucatan’s year-round tropical climate, superb healthcare facilities, affordable cost of living and the lowest crime rate in the country have attracted many to the master-planned community. Don Klein, a recent investor, remarked, “It had to be a safe and affordable place where the grandkids would visit. I am pleased with my decision to invest in Flamingo Lakes Resort.”

Located just outside of Merida, Flamingo Lakes Resort has been uniquely conceptualized to make residents feel as if they could be anywhere in the United States. The resort community will combine 21st century living with rich local heritage in a safe, affordable, and tropical environment designed for the investor and second homebuyer.

Flamingo Lakes Resort will be highly amenitized and include a private beach club, marina with boat access for residents, an 18-hole Championship golf course, a 9-hole Executive golf course and country club, spa and health center, sports club and bar, equestrian club, tennis courts, hiking and cycling trails, and malls, shops and restaurants. Vicky Karantzavelou - Tuesday, July 08, 2008