Guanajuato Real Estate

I just updated my page on real estate in Guanajuato, after discovering a weekly shopper(called Chopper, an interesting example of words going from English to Spanish) that had a lot of ads for rentals, houses for sale, and land for sale. Fascinating reading.

On that page, I comment about the lowest prices I noticed, not that the places would be anything desirable necessarily, but they might be. Mexican policy for foreigners who apply for a FM-3 visa to live in the country on income from outside Mexico is evidently that if you own a home, they will require you to show half the amount of income you otherwise would. It's a variable amount (even varies from one Mexican consulate to another in the U.S.) but is somewhere around $1,000 US per month for one person, $1,500 per month for a married couple. So a low-cost purchase could be cost-effective in that way.