The arguable advantage of price, however, isn t the end of the story. So if you ve got the money to buy, you won t have a monthly payment. Taxes are very low. While most houses in the United States are taxed based on values that approximate market, appraisers here value houses. Their valuation is significantly below recent market prices.
Operating expenses are very low.
With a year round temperate climate, San Miguel has only a handful of homes with central heating and even fewer with air conditioning. So gas and electric bills are low. Water bills are also low. And insurance bills, if any, are small because fire hazards are limited and people aren t as litigious as in the United States. The caveat side of the story is just as powerful.