Hello,
We bought a new house in a gated community last year.
I did a decent amount of research on the area as well as on the demographics of baby boomers.
We paid in the mid twos for the property, it is 3 bedroom with 3 bathrooms. 2400sq ft.
there will be lots of people who will say that gated communities are not real Mexico and even more that say the price is much to high.
As someone in my late 50's all my life the baby boomers I have seen prices rise with the tide of boomers my whole life, for example when I was in my 20's a lake lot could be had for $25000 by the time I was in my mid 30,s it was $100000+.
My point is that on average between Canada and the States alone aproximatly 11000 people per day are retiring and I feel that is going to put pressure on all Ajijic type markets, it is great to say that prices have always been lower and things can be hard to sell however that simply does not ring true in current times and the past is the past.
i was in Ajijic in July sitting beside a camera crew doing a program for BBC on retirement places, it is just a start, retirees are becoming very big business and I believe the prices will continue to rise, and by the way, much like Vancouver, Ajijic has very limited land and that also needs to be considered.
Did we pay to much? Is a gated community the wrong place to be? I do not know the answer to these questions and only time will tell. I do know however that I am very happy to be in the game. I will be renting the house out for a few years so the gated community will make that easier and the rent will offset some of the capital cost and in the end we have a place to go once our working lives are complete.
In closing, we bought where we liked it, Ajijic is very nice as is the whole lakeside and the people truely make the place special.
I wish you good fortune in your quest and my thoughts are don't wait to long or that place you can afford today might be out of reach soon.