The article discusses the rising trend of Americans moving abroad, highlighting varied motives, such as economic pressures and a desire for lifestyle changes. Many families, especially retirees, are seeking lower living costs and better quality of life in countries like Mexico. However, when considering whether to keep their U.S. homes, many expats face challenges, including management issues and tax implications, despite potential benefits like generating rental income and maintaining connections to their homeland. Flexibility in work has encouraged this migration trend.
For many expats, owning a home in the U.S. while you live overseas can be a great idea, perhaps even profitable.
In the past five years, we have had hundreds of clients move to Mexico.... motivated by the lower cost of living in Mexico, or they were looking for a better quality of life or a new adventure.
The movement has been especially strong among retirees, who are looking to capitalize on the $84 trillion in real estate wealth they've accumulated while living on a fixed income.
Many expats turn their U.S. home into an investment property by renting it out while living abroad.
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