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Retire To Puerto Vallarta And The Riviera Nayarit

Kathleen Peddicord by Kathleen Peddicord
Feb 08, 2012
in Retirement/Living
0
Investing In Puerto Vallarta, Panama, Or Ambergris Caye, Belize For Rentals
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Like The Best Of Southern California (At Prices Even The Not Rich Or Famous Can Afford)

Leaving the Puerto Vallarta airport our most recent visit to this part of the world, we knew right away that we were back in North America. Alongside the highway, we saw Wal-Mart, Home Depot, a mega-grocery store, Domino’s Pizza…

“Can we go to Wal-Mart?!” asked young Jackson enthusiastically from the back seat.

Jack’s experience of places like Wal-Mart to this point in his life has been limited to our annual Christmas visits to Baltimore, where my family lives. To him, Wal-Mart is a special treat, along with Toys “R” Us and Best Buy. The truth is, places like these are a special treat for me, too.

We’ve been living for more than 14 years in parts of the world that don’t have big-footprint shopping. I feel a little ashamed to admit it, but I miss it.

Because places like Wal-Mart make life easier. It’s easy to shop in a Wal-Mart (because there’s so much choice, all under one roof), and it’s easy to buy there (because the prices are so low).

Many things about being an expat aren’t easy. We embrace the challenges, savor our way of life, and encourage our kids to do the same. But, now and then, I admit it: I enjoy an hour or two in a Wal-Mart as much as the next mom.

In this Puerto Vallarta region of Mexico, though, the expat life can be easier than it is elsewhere, and not only because there are three Wal-Marts here.

In and around P.V., you’re still south of the Rio Grande, but, everywhere you go, you’re reminded that you’re in North, not Central America. The roadways are wide and well-paved, the waiters speak English…

This is coastal resort Mexico, meaning it’s a part of this country that has been packaged for easy. A lot of money, from both the Mexican government and private investors, has gone into making this now world-famous stretch of the Mexican Pacific accessible and expat-friendly.

You know Puerto Vallarta. Elizabeth Taylor and Richard Burton made sure of that. It’s as beautiful as you imagine, the sand as white, the swaying palms as sultry, the indigo sea as inviting.

And, if you’re shopping for something nice, on the beach, it’s typically expensive.

But north of Puerto Vallarta is a further stretch of white sand, swaying palms, and indigo sea, another 100 miles of it, that, a few years ago, was officially dubbed the Riviera Nayarit. The Mexican powers gave the region a name and then made a plan for packaging it for development.

Mexico has a long track record at this. I’d say they’re better at it than any other country.

In fact, development in this region is already well under way. In addition to the world-class coastline and the high level of services and shopping, this area boasts seven golf courses and three marinas. A new international airport is planned to make access more direct (right now, the drive from the P.V. airport is about 45 minutes).

The competition for the product this region of Mexico offers is in Panama, Nicaragua, Ecuador, and Costa Rica, all of which boast beautiful Pacific coastal stretches of their own, as I pointed out the other day.

Those countries have beautiful Pacific Ocean coastlines…but they don’t have the infrastructure to support a fully appointed Pacific Ocean lifestyle, the kind of lifestyle that’s become synonymous with the Pacific coast of southern California. Puerto Vallarta does.

No, Puerto Vallarta isn’t Malibu. But every time I return to this part of Mexico, I have the same thought: I could imagine settling in this place. Life here could be comfortable and convenient. You could find expat company when you wanted it. You could fill your days in many interesting and diverse ways. You could have the best of both worlds–a glorious Pacific coast backdrop…plus fully developed, real-world infrastructure. I don’t know of any other stretch of Pacific coast south of the Rio Grande where that’s the reality.

And the best part, of course, is that, while P.V. and the Riviera Nayarit that stretches north from it don’t qualify as budget destinations, they’re dramatically more affordable than comparable coastal regions in California. This is one case when the metaphor so often used by developers and others, comparing stretches of the Pacific coast in different countries to the best of the southern California coast, isn’t just marketing hype.

Kathleen Peddicord

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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