In Tijuana this week, investors, entrepreneurs and real estate developers at the 4th annual Baja California Meeting Point conference will be discussing ways to cater to the money flow which is sure to find its way to the Baja peninsula over the coming years. With the single largest transfer of wealth in history underway, you can bet there are fortunes to be made.
Even with the current downturn, optimism is high for Mexico, especially Baja which retirees frequently choose for its beauty, proximity to the United States and Western Canada, and the relatively affordable real estate opportunities.
There is also no doubt the virtual commuting trend is gaining momentum, as referenced in the article. Even non-retirees can relocate because of technology. All you need is a cell phone and Internet connection, and you’re in business.
The wave of 76 million Baby Boomers who will be retiring over the next ten years translates into a mass market for Baja California real estate developers catering to American retirees.
The same has been taking hold here in Silicon Valley as companies look to reduce travel budgets and increase productivity by linking geographically dispersed teams using web technology such as conferencing, messaging, social networking and wikis. Email is so 2002!
The projects and investments arising from these types of conferences will be interesting to follow. Will real estate development continue to expand? Will property investment options evolve to accommodate increasingly sophisticated buyers? And, of course, how will the current economic environment impact these plans?
[Full article from Baja Times]
[Baja California Meeting Point Conference Web Site]