One of Warren Buffett's most famous quotes is: “Only when the tide goes out do you learn who has been swimming naked.” 

I totally understand what you're saying although I am not going off what is, but what will likely be over the next 5-10 years: for instance I was about to move to Cabo before moving here but got priced out within a 3 month period after Covid travel restrictions ended and a number of famous Youtubers did specials on the area (search volume exploded after that and listings trippled and quadrupled in front of my eyes while I sat waiting to move from Vancouver lol) so where attention goes, money flows, and Merida is getting more and more attention as Tulum and Playa del Carmen become more expensive.

The saying "it is about the journey not the destination" is so true and can only be experienced once you personally experience achieving a large goal.What I have found works for me is to work on my internal / emotional happiness and not just my bank account.We were literally talking about this last night with world famous people who are very wealthy.

Famous last words "because she cannot dig up her flowers and get her landscaping timber in the winter".  

Purchase price: $206,000 My personal home which is a condominium located 1 block to world famous Napili Bay which will eventually be a vacation rental and I will move to a larger home.

It's famous because it was the first place to have a bayfront pool. 

Is there an equivalent to the famous 1031 tax deferral law a lot of people like to use in the US?

For example, there is a famous lawyer named Theodore Olson.

Down the rabbit hole I fell and 10 books later I was gifted the famous "Rich dad, Poor Dad" which shifted my whole world into becoming interested in Real Estate Investing. 

Recently, they famously tried to add Loan Level Pricing Adjustments (LLPAs) to Fannie/Freddie loans and, thank God, that got rescinded before it went into place.