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Houston Texas Real Estate Blog > Wealthy Mexican Families Calling Houston HomeWealthy Mexican Families Calling Houston HomeContributed by HTRE Admin on September 16, 2007 The New York Times published an article today about how a number of rich Mexican families have moved to Houston due to concerns over the safety concerns of having money and luxury items in Mexico City. This has had a material impact on Houston real estate. The article states: Making the move from Mexico to Houston is both a cultural and logistical challenge, and an industry of professionals has grown up around the need for real estate agents, immigration lawyers, bankers and others to ease the way. The article goes on to say that a number of these Mexican families have a net worth of up to $100 million, and many pay cash for their homes. Because of their high net worth, they are largely unaffected by market cycles. Neighborhoods of choice have ranged from River Oaks to the Woodlands. Sounds like it's a great time to be a Spanish speaking realtor! Read the article for more details... Comments:No comments have been submitted yet.
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