What You Need to Know About the Super Peso Before Moving to Mexico

[@AlmostRetiredinMexico]

Coincidentally, Jordan at @tangerinetravels released a video at the exact same time on this same topic. Check out his take: kzbin.info/www/bejne/oHPHZqmOoq97pLssi=gDJ91w9Dn94nQpr1

[@ddavidson5]

Personally I think if you move anywhere just "for the money" you will be disappointed. Move because you want a whole different living experience and if it turns out to be a bit less expensive then all the better.

[@AlmostRetiredinMexico]

I agree. But most people move to Mexico thinking it will be more affordable. It's hard to live a fun life in Mexico if margaritas cost $110 USD.

[@jvahl8747]

Many of us would love to move to Mexico, especially those on low fixed incomes, social security alone. Hardships galore in the US now, so it would be harder if the $ keeps losing ground in Mexico and makes it just as difficult as well.😢

[@ddavidson5]

@@jvahl8747 I understand but all I can say is that despite it's reputation Mexico is not cheap cheap cheap. I like Mexico, it's a beautiful place, and in my experience it can be a little more reasonable depending on where you are moving from and your lifestyle, but I don't think you'll be going from pauper to prince by moving to Mexico. If recent currency movements are going to make the difference then I would say you need a little more buffer room in your budget. Don't make money the only reason is all I am saying.

[@jvahl8747]

@ddavidson5 I never said I would only be moving "for the money". I pray every day to escape the US and what it has become...peace & freedom can be achieved in Mexico along with weather that would suit me. I am not interested in a luxurious lifestyle, but one does have to have enough to live

[@ddavidson5]

@@jvahl8747 those all sound like good reasons to me 😊

[@mikeA2010]

Very good video....I'm being "victimized" by the super Peso as well. What I have done to adjust, is to live more like a Mexican....NOT shopping at Costco, and not the big box Mexican supermarkets, Soriana, etc, but shopping like a Mexican, the local fruit and vegetable markets, meat markets, buying from ranchos, and taking the bus, not driving so much. Hope that helps.

[@AlmostRetiredinMexico]

Thanks Mike - these are all great suggestions!

[@user-re6id4qh3j]

And don't go to restaurants. They are much more expensive

[@peterbedford2610]

MXP gaining against the USD is probably going to be trend for years to come. Although the propaganda from the media is that the world is divesting from China, it has been extremely slow. But, MX is making consistent strides in economic improvements in the last 20 years.

[@AlmostRetiredinMexico]

I agree. And with the Yen dropping and the Peso gaining, it's going to be harder for companies to justify near-shoring.

[@sharonl4821]

Great explanation and spreadsheet. From some of the analysts I've read, the peso is expected to be closer to 18 by 3rd quarter however from what someone else already said, the possible combinations of what affects the exchange rate is almost endless (and impossible to predict). Thank you!

[@AlmostRetiredinMexico]

Yeah. The Mexican banks are predicting around 18 later this year. But the forex markets are predicting the opposite. From my limited experience, the forex futures are more reliable.

[@Ant_Dom27]

@@AlmostRetiredinMexico I downloaded it. Thanks! However, I see formulas built in your sheet under the ratio columns but when I copy and paste, it does not bring the formulas in. Just wanted to make you aware. I'll copy the formulas and manually insert.

[@AlmostRetiredinMexico]

@@Ant_Dom27 I think when you copy and paste, there should be an option to copy formulas or copy the numbers. Also, if you use Google Drive, open the file, then go to File:Make a Copy. That should copy all the formulas and open the file up for editing.

[@davidmalone9022]

The thing to remember is that for exchange rates to change, other things have to be changing, too. The possible combinations are almost endless, but can include inflation, effect of trade with other countries, wage rates, development of natural resources, foreign investment in productive assets, demand and supply of the currencies between the two countries, etc. I would also add that inflation in Mexico right now is only about 4.4% (February 2024) compared to 8.7% in August 2022 (when the peso was roughly 20:1) or the average of 19% over the past 60 years - which has a significant effect on exchange rates. (The easiest way to think about that is that the exchange rate, in the end, is a function of supply and demand of the two currencies across each other. The peso takes on a higher value if the inflation rate is lower since it won't lose value as fast. And, of course, in the supply and demand picture, if you look at all the new investment by expats moving to Mexico, it makes sense that the peso would gain in strength.) Still, as you point out, your break-even analysis is nice in that it clearly illustrates where the values lie when one moves to Mexico. (Just make sure you sell the Ford 350 before moving down here. 😅)

[@AlmostRetiredinMexico]

I had a feeling you’d share some deeper understanding! I kept thinking “I’m really oversimplifying this.” And at the same time, “my oversimplification is still complicated!” So many things impacting this stuff. Nearshoring is a huge impact. And if the peso gets too strong, then the near shoring might slow down. What’s your prediction for the exchange rate in June of this year?

[@davidmalone9022]

@@AlmostRetiredinMexico Any future exchange rates are going to be a function of all those factors we're talking about. The problem with second guessing exchange rates is that it's so dependent on being able to accurately predict all of those other factors. Then, when you realize that there are thousands of analysts around the world, with unlimited resources to solve this problem, trying to outguess them turns into a fool's errand. Fungible commodities are among the most efficient markets there are (i.e., commodities whose markets are nearly perfectly elastic - that includes currencies.) So, my best guess today of what the net present value of the future exchange rate will be would have to be today's exchange rate, with an understanding that as all of those factors change, so will the exchange rates. And all those analysts are far more likely to hear about those things before we do (and would also know just how to adjust their willingness to buy or sell pesos - affecting the exchange rates between the peso and every other currency around the world.) For example, suppose that a new oil field was discovered in Mexican waters off of Campeche and the oil firms of the world started competing for access to that oil. They would need pesos to do that, which would drive the demand for pesos up, causing the price of the peso to go up, meaning that your dollar would not buy as many pesos (i.e., the exchange rate would drop.) But, we won't know about it until it happens (and even then, we'll probably be among the last to know...) Still, I do like the graphic using the spreadsheet. It quickly points to the things we can expect to be cheaper, and those that will be more expensive in Mexico. Further, the graphic would be very different for different places in Mexico. It would be interesting to look at the spreadsheet with Cabo prices inserted instead of those of La Paz. Or, prices from Topolobampo (the first small, probably inexpensive place I could think of.) It would also be very interesting to compare things to Canada. Even gas would be cheaper here and your graphic would demonstrate just how much better the decision to move here is for Canadians than for us. It could have a lot of uses that way, and in a way that would be eminently readable. Really, a pretty cool way of looking at the issue of "cost of living" differences than most others we see on KZbin.

[@AlmostRetiredinMexico]

@@davidmalone9022 Thanks David. So true about the unknown factors. Today the peso is declining, and I can't find any news that points to why it's happening. It might be fun to do this video with just one or two items, but comparing different locations across Mexico, US and Canada.

[@ramos1787]

I think this is the best realistic comment! a lot of things will change just as the peso is getting stronger. such as technology, economy, salary increasing, more jobs, Mexico getting more attractive to people moving and tourism! etc.

[@CollegeRecruitsNW]

I love this comparison and thank you again. I am a homebuilder, a residential general contractor. To ask a plumber to come over costs 125/hr US$. I charge $125 an hour and folks are very happy here in Bellingham WA. Mexico is trying to correct fiscally to draw international investment. Mexico is doing all they can to evaluate currency and keep investment interest. They need cash flow from foreign investment to help their economy and attract international investment and capital investment.

[@AlmostRetiredinMexico]

Thanks for sharing your firsthand account of costs in the US! I'd hate to be the guy trying to balance inflation, interest rates, exchange rates and foreign investment in Mexico (with the interest rates being the only thing the government can control.)

[@sr9253]

Thanks for the informative video. One expense left off was the cost of massages. I noticed during my last vacation in Puerto Vallarta that massages were higher due to the exchange rate; however, it’s still a good deal at about $30 an hour compared to $80 in Los Angeles.

[@AlmostRetiredinMexico]

Ah - that's a great point. Numbeo doesn't track massage cost, but that's a great example of a service that is much more affordable in Mexico!

[@Rennygade1]

So true. I got a wonderful 90 minute massage in Mexico last November for less than $53 USD. It’s over $165 in my part of Texas. I’m through with massages here. It’s out of control.

[@AlmostRetiredinMexico]

@@Rennygade1 Yes - there are a number of things we've stopped doing (or reduced) in the US and save up for when we are in Mexico: Massages, nice restaurant, car maintenance, haircuts...

[@Rennygade1]

@@AlmostRetiredinMexico YES! Haircuts are a biggy. Crazy expensive here for just a trim. We both got great haircuts in Mexico for less than my husband pays for his here. I’m holding out for my next Mexico visit!

[@ipclifton1]

Very helpful and informative. I actually understood what you were saying! I'm a proud member of the cheap bastard group too. Will definitely buy an Almost Retired t shirt

[@alanacollins5685]

I would not move to Mexico for the cost. I do live here full time and I love it here but cost wasn’t my reason. If it was, I’d be so freaked out right now. It’s not only the strong peso, it’s also the rising costs of everything here. It’s a double whammy. Personally my gut feeling is the peso will continue to gain strength and the cost of items and services will continue to rise. Move here because you love the culture, the weather, people, food etc

[@AlmostRetiredinMexico]

Great point! It's still a wonderful country even if it's not "cheap."

[@SophiaZanzotWhitted]

You had me at "cheap bastard" 😂😂😂

[@brendexxruiz]

Yes, I would consider buying a t-shirt with an amazing message

[@AlmostRetiredinMexico]

Ah - great point on the message. I need to have a catchy phrase. Ideas for that?

[@brendexxruiz]

“Living the Life” (with some Mexico 🇲🇽 symbols). Heck, you can make other t-shirts with symbols from other countries too!

[@brendexxruiz]

I don’t like too much verbiage on a T-shirt. Symbols say alot.

[@brendexxruiz]

Also “Viva La Expat Life” or “It doesn’t rain on my dream” or something like that.

[@AlmostRetiredinMexico]

@@brendexxruiz Thanks!

[@julietillinghast6971]

Very cool Brighton! This is a helpful perspective for those of us that are math challenged. I loved the bit where you called yourself a “cheap bastard.” Lmao! Always entertaining 😂

[@AlmostRetiredinMexico]

Thanks Julie!

[@jes98107]

Great video - it helped explain this confusing topic. I love Mexico and will probably stay regardless, but so good to learn this stuff. Thanks

[@AlmostRetiredinMexico]

Glad it was helpful!

[@DenLD]

Great video. I have friends wanting to move from the US, and you did a much better job explaining it than I did. The spreadsheet is great.

[@AlmostRetiredinMexico]

Great to hear! I’m was so worried that this was only making sense in my head!

[@DenLD]

@@AlmostRetiredinMexico it's perfect!

[@DenLD]

Would you be willing to share the spreadsheet with those of us that are math challenged? When I retired, I purged all Excel formulas from my brain. 😂

[@maxs-d4y]

When we bought our house in Mexico the exchange rate was 13.60 and the value of the house is about double what we paid. That is a problem today because a decent house costs much much more than it once did. If there is a silver lining - CETES are paying 11+% - more than double that of a T-Bill. I was in La Paz earlier this year. I saw some beautiful real estate but what I saw was kind of comparable to buying on the west coast of Florida (perhaps without some of the overhead costs). I wish La Paz had a sandy, walkable beach...

[@blainedares6178]

La Paz offers stunning beaches and marine life, easily reachable by car or Beach Bus from the La Paz Malecon, the heart of beach adventure. Though less famous than Cabo San Lucas, our city, just a 2-hour drive northeast, promises unparalleled beauty and thrilling adventures. You won't want to leave. For those of you visiting Cabo San Lucas, consider spending a few days in La Paz.

[@TariqKhan-qf7di]

Great video Brighton! Very informative

[@AlmostRetiredinMexico]

Thanks Tariq! Missed you at the El Centenario Brunch this morning. Just teasing because I wouldn't come out here if I lived downtown! But we actually had 4 people from Centro come out to the burbs!

[@lizinawe]

Lived here in cozumel. ouch ouvh. prices up and dolars down. hurts with my low pension. gentrification and expats managing updated rentals has raised rent five times. take out meals have doubled.

[@AlmostRetiredinMexico]

Yeah - I really should have talked more about inflation in this video. Inflation in the US has been bad, but Mexican has averages 1 point higher inflation than the US in the past 10 years.

[@hiruu]

Thanks for the video. Yeah remittances to Mexico are a huge driver of the exchange rate and inflationary issues. I was in Ensenada this weekend for a language course, and I happen to run into a Mexican (with his American adult kids) at a Taco Stand during lunch and we struck up a conversation. He who works in the US legally, but owns his house in Ensenada. He comes down almost every weekend and he was talking about the increasing cost. All the while, I'm thinking to myself..."you know...y'all are adding to the problem far more than Expats, 🤣". I think at last count had it as almost $6B monthly, but everything has a cycle, and what goes up, must come down. Nothing wrong with what he's doing, as he should live a good life for his hard work, but he's basically skewing the income norms for comparable work.

[@AlmostRetiredinMexico]

I agree. Foreigners are a small portion of the impact on the Mexican economy. There are many more Mexicans who are doing well for themselves and those impacts are greater than foreigners (based solely on the numbers of people we are talking about.)

[@parkininparadise]

Brighton, thank you for bringing this valuable information to your channel.It is essential to understand what the American dollar's value is in any country to be considered.Well done in making it easy.

[@AlmostRetiredinMexico]

You are very welcome

[@eduardoocon4954]

An analysis of quality of life and sunny days would make most Mexican cities great compared with most so called, developed nations. You got lucky buying a house with a 21/1 exchange rate. Awesome

[@AlmostRetiredinMexico]

Just how kind the Mexican people are should be included in any comparison! We are definitely lucky with our purchase timing. The 21:1 exchange rate is more important when it's time to sell and pay capital gains tax in Mexico. The house was listed in USD, so the price didn't change for us because of the exchange rate.

[@cindyk3076]

I appreciate your explanation, it is easier for me to understand than other videos I have seen. Thank you!

[@AlmostRetiredinMexico]

Thanks Cindy!

[@RetiredLifeinMexicoNOBULL]

Nice shirt! Awesome video explaining and covering an important topic!

[@AlmostRetiredinMexico]

Thanks Ernie! It's a great shirt. You have a wonderful logo - I need to get working on mine. And a catch-phrase too.

[@SuperFlatrock]

The peso has bounced around quite a bit. It tends to average about 20 pesos buys a dollar. In my experience housing, cell and local produce/chicken/pork/rice/beans and labour are quite affordable. Brand name items are the same where ever you go. Mexico will probably always be a good deal until wage rates catch up and Mexicans can afford to pay more. That will be a long time from now.

[@AlmostRetiredinMexico]

Thanks for sharing. I'd love to see the peso return to 20:1 - if only because the math was easy!

[@MilkyWay-hi3yc]

This is a such a great one! Thank you

[@AlmostRetiredinMexico]

You're so welcome. I was worried it would be hard to follow. Glad you found it valuable.

[@mariettajones3093]

I've been listening to your video and reading some comments. All i can say is that there are too many senerios to consider. If someone is immigrating to mexico, they need to know there will always be pros and cons, as with any country in the world. Ones decision will have to be based on many different factors, not just the value of the peso. I have been trying to see if i could live in mexico on social security alone, and as a senior with just a pension, i can tell you that it's becoming impossible. I've been living in mexico now for 5 months and compared to last winter the cost of living has doubled in food alone. Plus,many other factors that come up unexpectedly make it very hard to live here now. In the last 3 months, I've noticed an increase in prices on food, in the supermarket and restaurants, have increased 10 pesos, twice. But the service and quality are not better, actually I've noticed it's worse. I'm paying almost $3.00 for a regular coffee with no refill and you have to pay extra for milk and not a good cup of coffee either. I'm disappointed in the direction things are going. As for rent, it's stayed the same, but i have no hot water, daily pluming repairs, and no water at all some days, as the well runs dry. But the rent has to be pd in full. The landlords are not as cooperative as in the past. Claiming things are expensive and they want their money. I've been noticing little changes here and there that, in the end, add up to quite a lot. I've come to the conclusion that things are not looking hopeful for me, at least, to live in mexico, if things keep going in this direction and as you say, if the peso gets stronger, then it will be even worse. As a senior, I'm sad to say i would not be able to make it on social security as I did in the past. 😢 I love Mexico, but it's becoming more difficult to live here, especially for seniors. Hopefully, I'm wrong. I hope i am. I would love to return to living here.

[@AlmostRetiredinMexico]

I hope things turn around for you. But inflation is a definite issue in Mexico. But the US and Canada are mostly more expensive - so where would you go?

[@davidsebastianelli1326]

Almost anywhere you came from is going to be more expensive to live than in Mexico. Find a roommate, make your coffee at home, make dinners at home and eat out at the taco stands instead of restaurants, buy Mexican brand products at Mexican mercados. Buena suerte!

[@georgeallen7667]

Frankly, Mexico joining the BRICS, is a fantastic reason to relocate all your money to Mexico.

[@AlmostRetiredinMexico]

It's a great way to diversify.

[@dianaj3139]

Hi Brighton! I really enjoyed this video and even in the future when the numbers are different the topic will have value! I think one of the largest savings I have noticed when we are doing projects in Mexico that construction workers are MUCH more reasonable.... Now, they might do things a lot different for example they might show up on a different day or hour than was agreed upon,, but ultimately they are a lot less for the value! Last month when I was buying groceries and other items for daily use in Puebla, MX, I would say I spent about a third of what I do in Oregon... So that part was also a savings... Car repairs is another area that you can save a lot in Mexico.... Gas for your car will be more expensive as you noted, but a great way to save is to use public transportation..,, I am learning to really love the bus and light rail as well as Combi-van. Citi- Bus is only 9 pesos for any direction Big gas savings by using Metro as well. Muchas Gracias for all the topics!! :)

[@AlmostRetiredinMexico]

Thanks for sharing! You're so right on construction workers. If you can get your mind into the way they work, then it's a great deal. And public transport is very cheap - and efficient!

[@lisawilliamson9198]

Preparing for my ICF ACC certification exam and there you were! I recognized you instantly, Brighton. Happy accident!

[@AlmostRetiredinMexico]

Hah! You've discovered one of my other lives! I've done a number of videos for coaches with ICF and also with a coach training school.

[@QrooSpanish]

Great job! Very informative.

[@AlmostRetiredinMexico]

Thank you Paul!

[@steelhorses2004]

$5.55/lb for chicken breast? Is that at whole foods? Way way cheaper in regular grocery stores

[@AlmostRetiredinMexico]

$4.90 is the west coast average according to the Fed. Maybe the people reporting prices on Numbeo are buying organic. BTW - this website is pretty cool: fred.stlouisfed.org/release/tables?rid=454&eid=816251#snid=816870

[@l.h.2543]

Buy the whole chicken. Only gringos buy chicken breasts. Gringo only items tend to be more expensive.

[@Rennygade1]

Well, this was concerning. Lower costs aren’t our primary motivation for wanting to live in Mexico, but we do have to be able to afford life. Dang! We love your videos tho, even when they’re not the greatest news. 😂 Also, sorry, but I would totally wear one of Ernie’s shirts. Cool logo. The green looks great on you, too, Brighton!

[@AlmostRetiredinMexico]

Thanks! Low costs are a benefit of moving to Mexico, but shouldn't be the only reason, because you never know when economics change. But Mexico is still an awesome place to live when Margaritas cost $7 instead of $5

[@intotheblue970]

If you are renting this is your biggest expense. Yes all of these little things add up but if you keep your rent a third of your budget then you can make it. If your budget is so low a third won't get you what you want where you want to live then you need to re-think how you live and where you live. Mexico is not cheap anymore as you people from the USA think

[@jijib7691]

Exactly. Yes, as a Canadian, the Mex Peso and US dollar are higher than CAD, but.... to purchase a one bedroom brand new condo in Toronto where I live can cost $750K-$1M, whereas it costs about $200K US in Playa del Carmen... so....... do the math...

[@justinesimone5343]

Thank you, it was very helpful. I live on SS. I am naturally frugal and think I could live in Morelia (not in centro) on my SS, but don't think I meet the Rules for visas. 😢

[@HunterMann]

You mentioned the cost of the Levi’s in La Paz. Correct me if I’m wrong, but I have thought for many decades that La Paz was a free port as in duty-free. I knew people from Mexico City who would go to La Paz just to buy an important watch or a good writing pen, or important clothing

[@AlmostRetiredinMexico]

I know that La Paz was a free port, but I don't think it still is. That said, I cannot find anything to confirm my hunch.

[@cindyeverythingcozumel]

In Cozumel we see a lot of usd dollars

[@AlmostRetiredinMexico]

Same thing in Cabo. The most touristy areas take them. Maybe border areas too.

[@mvudo8832]

Please don't , me & my wife just got back to Germany, we got a Kidnap attempt. We used to live in Playa del Carmen. A lot of Narco in the city, in Cancún, Tulum all the Peninsula area, bur realtors would never said that, government never says it. Please keep your family safe, Mexico is not even that cheap at this point.

[@AlmostRetiredinMexico]

Someone attempted to kidnap you in Playa del Carmen? What happened?

[@mvudo8832]

@@AlmostRetiredinMexico We were heading to the Airport when 2 SUV blocked the road, I did a U turn and we were chased until arriving to 5ta avenida again. Disgusting country, rather die in poverty in my home country than risking my family to that kimd of shit

[@SophiaZanzotWhitted]

Thanks Brighton!! Easy way to understand!

[@AlmostRetiredinMexico]

Glad I could make understanding the Super Peso easy peasy!

[@cl2385]

Thank you for the information! Well done😊

[@AlmostRetiredinMexico]

Thanks! I'll take that "well done" as a virtual high-five!

[@raidermike3244]

Very informative!! Thanks!😎🤙 Definitely would buy merchandise 👊

[@AlmostRetiredinMexico]

Glad to hear it!

[@Sryker]

I think many people are comparing the peso strength to pandemic exchange rates which were impacted by COVID. When you look at the 30 year history of the peso you can see an upward trend. In 1994 the Peso was 4.5 to 1.00 USD and that gap grew over 30 years. You can see spikes in 2008 (during the recession) and 2020 (during Covid) . I think this is more of a restabilization post covid that we are seeing but I'm not a geographer not an economist.

[@AlmostRetiredinMexico]

I think COVID impacted the exchange rate both ways. In the short term the Peso got weaker, but in the long term COVID was great for the Peso and that will probably continue for years. If you draw the "average live" for the last 25 years, the Peso is stronger than average right now. But I think that might be the new normal because of near shoring. But, like you, I'm not an economist. And the economist who watches my channel says it's too complicated to predict ;-)

[@Sryker]

@@AlmostRetiredinMexico Agreed. The issue is complex. AllI know is I am in search of warm people, weather and a sense of freedom I've only felt in Mexico and Caribbean. The exchange rate is a secondary factor. Thanks for the videos!

[@ExpressionsofAwakening]

I read the the US is importing more from Mexico than from China and that all started due the supply chain issues from Covid, so this may be a big reason.

[@AlmostRetiredinMexico]

You're right. Mexico surpassed Canada and China last year.

[@user-yy3vd9vx7y]

Are they allowed to have few chickens in your yards?

[@AlmostRetiredinMexico]

I don't know that that type of regulation exists at the government level anywhere in Mexico. Maybe there are some HOAs that have restrictions. But where I live, you can pretty much do what you want with your land. Chickens would be the least bad thing I've seen. It's good and bad. Our biggest worry with our neighbors building on their vacant lot would be putting in an event space (for parties because people's home are too small for a party.) That would have meant loud music all night long... But they are building houses...

[@Jay-be2le]

The thing about Canada though is a lot of items and food is already more expensive than in the US, so it’s sort of similar anyways if not cheaper for us in the conversion

[@AlmostRetiredinMexico]

That's a great point! Things are pricier in Canada. Even when comparing using the USD

[@jb47201]

You are not looking at what the average cost in the USA cost is. Portland is way high!

[@rosalindhb]

He's just showing you how to calculate on own in your area vs the pesos. How's not doing U.S. vs all of mexico.

[@AlmostRetiredinMexico]

Thanks Rosalind. Both Portland and La Paz are on the higher side. So it’s pretty relative. But if you’re moving from Huntsville to Cabo, it’s gonna be a lot worse!

[@davebaker489]

Right now 0.081 Cdn buys 1 Peso. and or 0.60 USD buys 1 peso. But on the other hand when was the last time you needed a snow shovel in La Paz ? Or a lawn mower Or snow blower etc. ? P n D

[@AlmostRetiredinMexico]

Those are great points. But what you save in snow removal fees, you end up spending on pickleball, scuba and fishing gear.

[@davebaker489]

I won't need a coat , boots , "Bernie's" mittens , Snow tires, Block heater , Need I continue ? 😇 @@AlmostRetiredinMexico

[@blainedares6178]

While I was born in Fort McMurray - I don't regret trading my snow shovel and snow shoes for scuba and snorkel equipment. The coldest day of the year in La Paz is the warmest day all year in Fort McMurray.

[@davebaker489]

Absolutely NO doubt !@@blainedares6178

[@davebaker489]

Amen brother and sisters@@blainedares6178

[@KatKatz11]

Hi, I buy alot of my clothes on two websites and both ship to Mexico, but will there be an extra charge to have deliveries in Mexico vs the US? Same with Amazon will my shipments cost more living in MX? I'm moving to Progreso soon.

[@user-ly6bb4zd7t]

Holy Moley! I was planning a move to Juarez next month! Sounds like it's going to be the wrong move.

[@AlmostRetiredinMexico]

So this is a lesson in volatility. The super-peso became way less super in June 2024. New video: kzbin.info/www/bejne/gYDCZ6Nng6l1hpo

[@gloriaolguin582]

I would buy your T-shirt as long as it’s a V-neck for women.

[@AlmostRetiredinMexico]

Great point! Mental note: men's and women's t-shirts. Not Unisex.

[@belliott4844]

Yes I would buy a t-shirt😊

[@1dktre]

the stronger the pesos to USD & CAD, the more it will hurt their exports, Mexico will have to weaken their currency

[@moreno-lh7ys]

you are right and it will happen we could have a strong courrency but like you said or wrote will hurt our economy to our gringo friends of mexico hang in there peso will go down sooner than later

[@AlmostRetiredinMexico]

Exactly. But there are other factors too. It’s probably still cheaper to manufacture in Mexico until the exchange rate goes below 10:1. Productivity is another complicating factor.

[@eljefe5858]

That is 99.9 IMPOSIBLE. bmBANXICO has MORE THAN the national + PEMEX debts. Plus MX will not lower rates more than 1% if any. While FED!drops to 3.5-375. The spread will be even higher. 3 companies changing China for MX. Get used to.

[@markthompson7288]

Are you counting sales tax in the US when you buy versus Mexico prices already include sales tax?

[@AlmostRetiredinMexico]

Most of the numbers are from Numbeo, so I’m not sure what they include. They are reported by individuals. And Portland doesn’t have sales tax…

[@verdeyoro]

as of may 14, 2024 the US dollar is 15.65 in banks and 16.00 at the exchange places

[@AlmostRetiredinMexico]

Definitely don't use any place that is more than 30 centavos off the mid-market rate - 16.68 right now. I guess those rates are OK if you have a small amount of money to change. But there are much better ways to transfer larger sums.

[@Ant_Dom27]

It would be really valuable if you provided your excel spreadsheet with the ratios formulas so we can plug and play according to our locations. Any chance?

[@AlmostRetiredinMexico]

That's a great idea. I uploaded it to my website. You can click a link, then make a duplicate copy for yourself to edit as you see fit. Let me know if you have any troubles: almostretiredinmexico.com/what-you-need-to-know-about-the-super-peso-before-moving-to-mexico/

[@sreykimsear]

Quality of life is dramatically better

[@AlmostRetiredinMexico]

Yes - that is priceless!

[@kenelswick8918]

The price of tacos went up in my neighborhood from 20 pesos to 25 pesos. 😂

[@AlmostRetiredinMexico]

That's so true! It's tacoflation!

[@davidsebastianelli1326]

@@AlmostRetiredinMexico My favorite fish taco went from $24mx to $27mx but my other favorite of al pastor tacos stayed at $14mx. A fresh seafood lunch at La Guerrerense is still very affordable after a walk on the harbor malecon. Mmmm!

[@AlmostRetiredinMexico]

@@davidsebastianelli1326 3 pesos isn't too bad. Where are you living that you can get $14 peso pastor tacos? I wanna move there!

[@davidsebastianelli1326]

@@AlmostRetiredinMexicoHola Brighton! Hola Kat! I thought by mentioning the fresh seafood stand named La Guerrerense that Anthony Bourdain said was the best food stand in the world would have tipped you off. I live in beautiful Ensenada! A lot of people don't realize that this part of Baja stays cool year round because the cold Pacific that stays around 59 degrees keeps temps lower than especially any other beach towns and even most of the Mexican highland towns that are so popular. Today it's a sunny 64 with nighttime temps at around 50. It stays in the 70's and mid to lower 80's throughout summer during the day and last year it only got near 90 for a few days. You always have to keep a sweatshirt handy! By comparison today it's 84 in Queretaro, 93 in Oaxaca and 83 in Mexico City. BTW- You should check out LaGuerrerense on google maps it's right off the harbor malecon two miles from where I live in Colonia Hidalgo. The place with the $14 peso al pastor tacos con todo is called Taqueria Los Chavalos it's less than a mile away and stays open until midnight! The fish taco place is less that a half mile and is called El Pescadito or Tacos 777. Caminata facil! Ten un buen dia!

[@davidsebastianelli1326]

@@AlmostRetiredinMexico Hola Brighton! Hola Kat! I though by mentioning the seafood stand La Guerrerense that Anthony Bordain called the best in the world would tip you off to where I live. Hermosa Enesnada! Where the weather is pretty much perfect year round. The colder Pacific ocean here tends to keep things cool in all of the seasons. In the summers it stays in the mid to lower 80's with cool nights great for sleeping with a warm blanket needed. You have to keep a sweatshirt handy. It fools a lot of people who visit here. Buena suerte!

[@justinesimone5343]

Yes! Thank you for telling us. Important information for us gringos. 🥴

[@9-cito]

Nice video.

[@AlmostRetiredinMexico]

Many many thanks

[@lisadeharthansen7076]

Thank you,

[@AlmostRetiredinMexico]

You are welcome!

[@julietillinghast6971]

And yes, I would buy your T-shirt, but not if it’s lime green! lol

[@AlmostRetiredinMexico]

Yeah - that color choice was an interesting one!

[@julietillinghast6971]

It suits you though 😁

[@65Bertus]

Good afternoon Brighton, I hope I got your name right. We met you in the M Cafe last month in La Paz. We would appreciate your advice for getting someone to show us the various neighborhoods in La Paz. Perhaps you can suggest someone to help us .We will coming to La Paz again in a couple of months. Thanks for any help. Sincerely Bert and Virginia Leyva. You should have my Email.

[@KiKiQuiQuiKiKi]

“Peh-so” “Lah Paws”

[@Chris-ut6eq]

So if you are visiting in RV/Vanlife gas is more and local food (not imported) is less? I prefer the word frugal to 'cheap bastard', but I are one! 🤓 PS. To your question on merch, I'm a cheap bastard so 'dudoso' 😵‍💫 (Hope google translated the word 'doubtful' correctly)

[@AlmostRetiredinMexico]

I'm in the cheap bastard club too! So you'll need to figure out how to power your van with the cheap food! Maybe a little Flintstone style.

[@Chris-ut6eq]

@@AlmostRetiredinMexico I appreciate your advice and use a neo-flintstone ebike for my pedaling travels, but I'm unaware of octane apropriate bio-gasoline for gas powered vehicles. But it's still good to look for frugal ways to live, yet still indulge in a few things which are greatly valued as long as one still lives below their means and still accumulates savings. From my very limited marketing experiences, I feel that frugal sounds better than cheap bastards. It's more gender neutral and I'm sure mate attraction would be limited if you called your partner or others, cheap bitches/bastards ;-p

[@user-ff4ix9jr5s]

Thank you. Please be patient. Some Mega infrastructures have been deployed, more soon to be done, and more coming throughout South to North 🫡👍🇲🇽 #AMLO 🤝

[@AlmostRetiredinMexico]

Mexico should be investing in infrastructure now - it's cheap!

[@gypsy2007]

Did you get puppy news? Are they ok? Can you share vids or pics sent to you with us?

[@AlmostRetiredinMexico]

Petunia has been adopted and we got a photo of her with her new owners. But I don't know their names and I don't want to share without their permission. They may not know they got an "almost famous" puppy!

[@hermesdiaz4269]

Good morning wow how you compare from Oregon to Mexico specific were you are food in my home town are chipper why because bread or Birote baguette chip you had to braking down on pound and kilo all tropical fruit are chipper gasoline is today 23 to 24 for liters the school is free kindergarten Middle School High School Compared to USA food insurance Gas Eggs All is Skyrocketing Dollar peso is 16.40 Construction in Mexico is a expensive with the exchange rates.

[@AlmostRetiredinMexico]

Construction is a great thing to consider. Some houses are sold in USD, and contractors are really suffering. But if they are sold in pesos, the buyers might not be able to afford the house once it's complete!

[@meloearth]

Do you need artwork for your t-shirt idea, and perhaps other merch? Tell me what you'd like to have. I can see if I can do it. I have done people's likeness in my style. I do caricatures too. Let's talk, if you are interested.

[@AlmostRetiredinMexico]

Thanks for your offer. Is your style shown in your avatar? I love that style, but not necessarily for my brand.

[@meloearth]

I have many videos on my channel. That's ok, totally understandable. @@AlmostRetiredinMexico

[@marjowag8806]

The LONGER you wait to buy the window, the MORE $ it will cost you. Listen to your wife! Buy the window.

[@AlmostRetiredinMexico]

Window purchased and installed. And now the peso is going the opposite direction. Ugh!

[@pablohernandez1159]

You’re not cheap! You’re kinda like me, frugal. I tend to procrastinate, sometimes to my advantage and sometimes not.oh well.

[@AlmostRetiredinMexico]

Isn't it great when procrastination works out in your favor? And frugal is a great word!

[@pablohernandez1159]

In 1995 my company closed. I had 200 shares from an esop. My boss sold his at 9. I waited 18 months, company sold twice. I got 3times the amount. Invested in Cisco & Microsoft. I say God protect dummies like me. Not going to la Paz this year.Thanks. Good breakfast El molino, east side.

[@AlmostRetiredinMexico]

@@pablohernandez1159 Congrats on some productive procrastination and thanks for the breakfast recommendation.

[@blainedares6178]

Brighton, is Ernie offering t-shirts for "Retired Life In Mexico No Bull"? I'd love to support him since he's a valuable resource. Ernie, a retired federal law enforcement officer, provides weekly insights on life in Mexico, including healthcare, living expenses, visas, and safety. His channel is highly recommended for those interested. Join his Sunday live streams to engage with the community.

[@AlmostRetiredinMexico]

I thought he was selling merch, but he just posted in his FB group asking if he should start (overwhelmingly people say yes.) I may be one of the few people with his t-shirt. I should stop wearing it and box it up - it may be valuable one day!

[@blainedares6178]

@@AlmostRetiredinMexico Hello Brighton, Fort McMurray, known as the oil capital of Canada, is situated about a 5-hour drive northeast of Edmonton, Alberta. It gained notoriety for experiencing Canada's costliest natural disaster on May 1, 2016, when 10,000 homes were destroyed by fire, leading to a complete evacuation of the city, with many residents seeking refuge in Edmonton due to lack of alternatives. The region endures long, cold winters with temperatures dropping to -45°F and near-constant darkness from October to April, contrasting with short summers characterized by nearly 24-hour daylight or twilight from June to August. Regarding Ernie and "Retired Life In Mexico," I noticed your t-shirt during Sunday's live stream and inquired about it. Ernie shared how you received one and contemplated starting a community store. While he may not be looking to monetize his channel, his dedicated community members are eager to support him, hence the suggestion of a store has emerged.

[@hermesdiaz4269]

Look inflation is in USA not mexico

[@AlmostRetiredinMexico]

What? Inflation is higher in Mexico. That’s part of why the interest rates are high, which leads to the strong peso

[@elunico13]

Informative. I like how you shared how bad the exchange rate would need to be to make a product equally as expensive in both countries. I bet the next president will make it better for the 🇺🇸 dollar. As a Mexican-American I'm voting for Trump. I made the mistake with Biden last time. Fool me once shame on you. Fool me twice shame on me.

[@AlmostRetiredinMexico]

That is interesting. How do you square your Mexican ancestry with Trump's awful comments about Mexicans?

[@elunico13]

@@AlmostRetiredinMexico Referring to the people crossing illegally, it's true. Lots of criminals are crossing from South, Central and Mexico

[@AlmostRetiredinMexico]

@@elunico13 I believe his comment ended with "Some are good people." He made it sound like the majority of immigrants were criminals and rapists. This weekend he called them "not humans." He wants to send the US military into Mexico to attack the cartels (but refuses to even acknowledge that the cartels are using US manufactured guns to cause all their violence.) The cartel problem could be solved on US soil by handling gun smuggling and drug use. Lastly, I'm guessing you're aware that immigrants are less likely to commit crimes than people born in the US. They have a lot more to lose. But Trump makes it sound like immigrants are worse people than Americans. Statistically, that's not true.

[@davebaker489]

I'm with Brighton on this issue. Plus other than saving Billionaires on their "hard earned tax dollars" What has Trump ever done for the average Joe or Jose ?@@AlmostRetiredinMexico

[@elunico13]

@@AlmostRetiredinMexico OH yes, the gun smuggling is definitely our fault. I'm retired U.S. military and know the issues we have with the FBI, CIA and even amongst military ranks. Technically crossing illegally makes you a criminal, but not all, but some are hardened criminals from countries all over the world. I was stationed in Central America and am very aware of the activity through the Darien Gap in Panama. Also, Guatemala and Mexico don't like illegals either. I would see on the news in Honduras that Guatemala would send 1000s of police to their border and these illegals would put women and children first to protect the men from the resistance at the border. If that doesn't make you a criminal, then what does? Lots of human trafficking originates in those areas too. Yes, I agree, it is a mix of criminals and victims in those groups. Remember I'm Mexican and my relatives did not cross illegally and here (Guadalajara)at the U.S. Consulate many Mexicans are crossing legally by obtaining a visa. If there's a need to jump the wall, then they should seek asylum legally. Trump is right. Those who push women and children to build a wall of protection at the Guatemalan, Mexican and U.S. borders are criminals. Many rapes are committed in route northward as well. I've seen all this crime or victims of it at the Texan border and in Central America. Biden doesn't care by ignoring the problem and becoming an enabling authority.

[@chrisgross2043]

I read somewhere that the peso was going down to 14.25 for the next few years and go back up over 18 pesos in 2026 which is when we'll be retired

[@AlmostRetiredinMexico]

There are so many conflicting predictions going on. It's hard to know which prediction to trust!

[@tonydewit2240]

@@AlmostRetiredinMexico How can you trust any prediction? No-one knows what the future holds.

[@thisweekmetaverse]

Just remember every time the peso rate gets worse vs the usd, mexicans get relatively poorer. That's what "it's cheap" means.

[@AlmostRetiredinMexico]

I agree. At least the majority of Mexicans are doing better. However, if they get remittances from the US, they aren't doing as well.

[@BuceriasRodHardy]

I moved full time to Mexico in early 2020 when the Peso was 25 to 1, that was a great year for me to buy a house which I did. Since I don't have to pay rent or a mortgage I can live with 16 to 1 or even less. I'm expecting the Peso to get to 14 to 1 by the end of 2024 with All the Billions of Dollars pouring into Mexico from new factories being built because of Nearshoring.

[@AlmostRetiredinMexico]

Congrats on the well timed move! 14:1 - that's a big change. I wonder when those new factories will start to reconsider if the peso gets too strong. The Yen is getting weaker, making manufacturing in China cheaper...

[@CarCal0216]

SAY IT, SAY IT. No el peso is not apreciating. EL DOLAR SE ESTA DEVALUANDO. REPITE DESPUES DE MI. EL DOLAR SE ESTA DEVALUANDO.

[@AlmostRetiredinMexico]

Ambos. The peso is up against the Euro, CAD, Yen, etc.

[@BradClevelandCo]

This is a test comment

[@jackietrueblood5916]

Yes, I would buy a T-shirt.

[@AlmostRetiredinMexico]

Thanks Jackie!

[@kyotecreek1934]

HUGE SAVINGS in Mexico would be property tax!

[@AlmostRetiredinMexico]

Yes - you can buy a lot of margaritas with the savings in property tax!

[@garthkelly1668]

That was a confusing mish-mash effort of a video presentation .

[@AlmostRetiredinMexico]

Sorry - others have said this is the best video they've seen trying to explain this confusing topic. If you could a better explanation, please share it.

[@garthkelly1668]

Total price of what you are buying in pesos. (320). Divide by the number of pesos in one unit of your currency (20). Shrimp dinner of 320 pesos divided by 20 (current exchange rate per dollar) = $16 usd Now compare it to whatever you want. I guess it would be compared to shrimp dinner in the US, so you need details on quantity and quality.

[@garthkelly1668]

Maybe I need to watch again, to understand why it got so complicated.I don't watch Jordan, since I told him to get the moles cut off, and shave that pussy-hair beard. Now he's above average, with the wife,and good knowledge of Mexico. I told him years ago to learn espanol, when he and that nut Maddie were culture-shocked in GDL . She was leading , and he had to get into it more. The woman driving all the time got noticed by cops , hahaha

[@larapfeffer2845]

I would not buy merch

[@AlmostRetiredinMexico]

Thanks for letting me know. I'm not much of a merch person myself...

[@luiemo4218]

Hopefully there is an economic expert around her. ¿How come the peso is strong, and the inflation is rising?, does not make any sense. Some Mexican channels just started talking about this issue, the reason is Mexican government is creating an economic bubble for political benefit, elections are coming this year. The Mexican Government now is like the Venezuelan, back when Hugo Chavez was running the country. Similarities are incredible. Turns out, amlo (Mexican president) belongs to the same Latino American political group as Chavez and Maduro, which is San Paulo Group. Now amlo wants to change the constitution like Chavez did, and amlo will impose his candidate to do so. To make it short, be ready to run if things get ugly. As a Mexican,don't like saying stuff like this, but just saying.

[@AlmostRetiredinMexico]

As a non-Mexican, I can't comment on election politics. But I'm not sure the Mexican government has much control over the peso. They just lowered interest rates, which should have caused the peso to fall. But it went the opposite direction!

[@luiemo4218]

@@AlmostRetiredinMexico That is why DOES NOT MAKE any sense, it is just an economic bubble combined with remittances with a lot of NARCO dollars from the USA created by the Mexican president to keep manipulating masses to keep power. Amlo himself stated by 2025 the Mexican economy will fall once he leaves the presidency. I don't know about you guys, but my pesos are already in Dollars, WATCH OUT!!!!!!!!

[@doraray9964]

Is not going to happen...maybe 15pss for a dollar.❤😮😢

[@AlmostRetiredinMexico]

I think that's a reasonable prediction.

[@darrinito]

The Dollar is TRASH. Mexico has their government finances in a better position, even though it's not perfect there either.

[@AlmostRetiredinMexico]

Very true - Mexico has very little debt compared to the US.

[@boby64]

Zero economic knowledge here

[@Swim136]

Don’t look back B….,…. lol! Spend $ a repairs now. Stock up! Be safe… sell Oregan! Expensive taxes, etc in Portland! California is ruining Tennessee…. Our beautiful Smoky Mts got CA everywhere! Paying $$ from CA price homes to ours , no state taxes here! So we are Mexico to Americans out west… lol

[@AlmostRetiredinMexico]

I’m hoping Oregon becomes our vacation home! But getting residency in another state would be nice - somewhere W/O income tax.

[@queserasera1674]

Now you understand how Mexican citizens feel when the wealthy gringo moves to their home and drives up their prices.

[@ddolde]

Your audio needs an upgrade

[@AlmostRetiredinMexico]

I probably should get a headset for when I'm editing. Things sound OK through my crappy desktop speakers.

[@mindmachinemedia]

The audio sounds fine through my phone speakers.

[@SophiaZanzotWhitted]

Check your hearing aid?🤔😅

[@chrisgross2043]

No problems here either

[@teresamorgan3037]

Terrible and disjointed.

[@AlmostRetiredinMexico]

This video? Can you share one you liked better on the same topic?

[@LS-id5hc]

I think Donald trump will lower the value of the Pesos as he'll keep manufacturing and jobs in the usa. Look at the pesos rate today after Donald's Trumps talk On the bloodbath of taxes he will bestow on imports. Don't hate me I'm not even American. Just a average Joe trying to get value from my hard earned Pound.

[@AlmostRetiredinMexico]

That's an interesting point. But Donald promised to boost manufacturing in the US last time he was president. There was a short term market reaction, but those jobs failed to materialize long term. Trump does what he's good at: talking up a good story, but then failing to follow through. www.americanmanufacturing.org/blog/what-did-donald-trump-accomplish-for-american-manufacturing/

[@l.h.2543]

Trump’s ham fisted approach is only serving to alienate Mexico. He did nothing to improve the economy. Economic stimulus checks to employed people only ran up deficit. Temporary tax cuts for families, which expired when he left office: more deficit. Corporate tax cuts: permanent. Trump only cares about the ultrarich while pandering to the middle class. Go to Fort Lauderdale, hundreds of yachts valued in the hundreds of millions. Most flying Trump flags.

[@RosendoDominguez-vc8kr]

HOU WOOD WANTO LIVE. IIA CATREY WAR THE MONEY. IT WOOD BE A PASO TO ADOLAR .THEASTS NATS 😂😂😂 .YOU WANTO LIVE IIN COLONVIA OR WAY DEIP IINTO MAXSICOS WAR THE DOLAR IS WAY STRONGOR BOLIVIA MY BE ONE GOOD APSION OR COLO MVIA.