There are several issues with Tulum but the main one I was alluding do is the result of the former governor of Quintana Roo (the state in which the Riviera Maya is located: Cancun, Playa del Carmen, Tulum) gave 40,000 construction permits in a record time and there's no demand for that many housing.

App_mode=Displ...Also, our Governor Ron DeSantis just passed a "Squatter law" which always a homeowner to reclaim their property INSTANTLY under these terms The individual has unlawfully entered and remains on the property;The individual has been directed to leave the property by the owner but has not done so; andThe individual is not a current or former tenant in a legal dispute.First in the Nation to do so.Link to squatter article - https://www.flgov.com/2024/03/27/governor-desantis-signs-leg...Let me know if you have any questions about FL or plan on investing in the Sunshine State!

The legislature may postpone the payment of taxes, but only in cases of emergency declared by the governor or a parish president pursuant to the Louisiana Homeland Security and Emergency Assistance and Disaster Act.

And, our governor just signed some major anti-squatting legislation.

They actually have the old mayor and future governor hopeful coming to speak tonight.  

However, there is a new law recently passed by legislature pending approval by the Governor (general sentiment is that the law will likely pass) which would restrict landlord's ability to issue a notice to vacate to a few specific reasons.

I think California and New York are the new Rust Belts although with our current Governor, Michigan could be forced into the same recession. 

I have escalated to the governors office and have been assigned a liason but have not gotten anywhere really.

This bill is effective immediately due to the inserted ‘safety clause’, which deems the bill so urgent in protecting the public safety and welfare that it immediately goes into effect upon the Governor’s signature.This is not legal advice, rather this is our interpretation of the bill as we continue to work through it to determine how operationally we will function under these new rules.If you are an owner-client of Grace Property Management, please know we are working with our attorneys to ensure full compliance as we continue in our ongoing due diligence and interpretation in this very complex bill.We believe that when property management is performed with integrity, both tenants and landlords benefit.

Here in Florida, Governor DeSantis made it a law that all Mortgages have to carry Flood.