The Mad Money Is in Mexico?
Web Editor, "Mad Money"
“It’s not such a bad idea to diversify away” from stocks, Cramer said during Monday’s Stop Trading!, “and buy real estate.”
The Mad Money host himself just acquired three new properties in San Miguel de Allende, a popular destination for American snowbirds in central Mexico. There is “no property tax,” Cramer said, the properties are “incredibly easy to maintain,” and there are “property managers everywhere.”
“I think that out-of-favor real estate in Mexico, that’s easily accessible to Americans, represents a great buy,” Cramer said.
Critics of the investment might point to the well-publicized drug-related violence happening in Mexico, but Cramer pushed back against that line of thinking.
“Mexico is a big country and not every province, every state is involved in the drug trade,” he said. “And San Miguel has to be one of the nicest places I’ve ever been.”
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