...Meanwhile, at the tropical end of Baja, a gilded gringo enclave has emerged in the 20-mile strip between Cabo San Lucas and San Jose de Cabo.
Los Cabos is part of that global archipelago of real estate hot spots where continuous double-digit increases in property values suck in speculative capital from all over the world.
Ordinary gringos can participate in this glamorous Los Cabos real estate casino through the purchase and resale of time-shares in condominiums and beach homes. ...
The extraordinary rise in U.S. sunbelt property values gives gringos immense economic leverage. Shrewd Baby Boomers are not simply feathering nests for eventual retirement, but also increasingly speculating in Mexican resort property, sending up property values to the detriment of locals whose children are consequently driven into slums or forced to emigrate north, increasing the "invasion" charges.
As in Galway, Corsica, or, for that matter, Montaña, the global second-home boom is making life in beautiful, natural settings unaffordable for their traditional residents.
More that real estate speculation rules without bounds.