Mexico aims to serve retiring Baby Boomers

Residential development "dead," commercial better

By Roger Showley, UNION-TRIBUNE
Tuesday, August 24, 2010 at 3:09 p.m.

The Mexican housing market may be dead for would-be American buyers, but when they can sell their homes again and look south for retirement, a new option may be available: active retirement, assisted living and nursing home communities developed by Mexican hospital concerns.

That was the word yesterday at a panel discussion on Mexican development prospects, sponsored by the local chapter of the Urban Land Institute.

Participating were David Wiesley, vice president for multinational business development with Stewart Title Guaranty, and John McNeece III, a Luce Forward attorney specializing in corporate and international business.

“The resort and residential areas are dead right now in northern Baja,â€