SAN DIEGO (KGTV) - As inflation and housing prices continue to rise, many San Diegans are looking for a roof over their head South of the border.
Max Katz is a broker for Baja Real Estate Group and tells reporting partner 10 News he's used to seeing investors and retirees buying property south of the border but now that's changing.
“In the short term trend in the last two years, I’ve had a lot of younger people come that might not be a normal part of our market which are now looking to buy and live because they can work remotely and there’s a lot more flexibility in their lives,” Katz said.
Photo: AFP
That's because property values in Tijuana, Rosarito and even Ensenada are hundreds of thousands of dollars less than comparable properties in San Diego County.
“You can get a waterfront home or condo in our area anywhere from 200 to 6 or 700 would be a normal price range for our market and that same property in San Diego would be untouchable, it would be in the millions for sure,” said Katz.
Ted and LaDona talked with Phillip Molnar, Senior Business Editor at the San Diego Union Tribune, on San Diego's Morning News about rising inflation in San Diego County. Listen to the full interview below:
And those who are renting in Mexico say what they pay for a two bedroom apartment would barely get them a room on this side of the border.
Here's more on this story from reporting partner 10 News: