Have you ever heard of the Big Mac Index?
If you've ever wondered about the relative costs of living in or visiting other countries, there is a fun way to see how far your dollars will go. It is called the Big Mac Index. Economics based on a sandwich --- the infamous Big Mac.The Economist Magazine (www.economist.com) started the Big Mac Index in 1986 as a semi-humorous way of explaining exchange rates. Big Macs are everywhere and we can compare the costs.
I specialize in helping people with real estate in Latin America. Sometimes for retirement, sometimes a second home and sometimes just as a great investment. Often the first question is: "How far do my dollars go? What can I buy on my income?" It is fun to answer, that the same Big Mac you buy in the United States for $3.57 will cost you the equivalent of $2.39 in Mexico. No wonder so many people want to retire in Mexico.
Do you have questions about real estate in Latin America?
We are glad to provide assistance if you are considering a real estate purchase in Latin America. www.Paradise4Gringos.com
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