Business

The Ups and Downs of Mexico's Real Estate Housing Model

Mexico's housing model since 2000 has proven profitable for real estate sectors but posed societal challenges for mortgage holders. With high-interest rates and homes located in distant, underdeveloped areas, many regret their investment.

Mexicanist

Aug 30, 2023 — 3 min read

A family gazes at their new home, a testament to Mexico's housing model, set against the distant city skyline.

Mexico's massive housing construction model, initiated in 2000, offers a compelling case study in the juxtaposition of economic gain against social ramifications. For real estate moguls and public funds, the financial benefits have been vast. However, this model has exhibited a parallel decline in the societal realm, primarily affecting those securing mortgages.

A Dual-Faceted Story

This phenomenon was elucidated by Luis Alberto Salinas Arreortua, a researcher at UNAM's Institute of Geography. He stressed the need to view housing not merely as a commodity, but to prioritize its use value over its exchange value.

Mexican Archers Make Strong Debut at Paris Olympics

Mexico's archery team shines at Paris 2024 Olympics. The women's team secures third place, advancing to the quarterfinals. Alejandra Valencia leads with a strong performance. The men's team qualifies for round of 16. Matías Grande and Valencia aim for mixed team podium.

The proposed initiative offers a 20% tax incentive for foreign film productions in Mexico.

Mexico Proposes Tax Incentives to Boost Film Industry

Mexican lawmakers propose tax incentives for foreign film productions. The goal is to boost the local film industry, create jobs, and attract international investment. The initiative offers tax certificates to foreign investors, which can be transferred to Mexican companies.

Forensic scientist examining evidence in a lab, emphasizing the importance of expert services.

Lawmaker Pushes for Autonomous Forensic Services in Mexico's Investigations

Representative Gabriela Sodi (PRD) proposes reforming Article 21 of Mexico's Constitution to establish autonomous, independent, and professional expert services to provide scientific data for criminal investigations.

Person holding a blood donation bag with a superhero symbol.

How Blood Donation Works in Mexico

Mexico faces a blood shortage due to low voluntary donors. Only 5% donate altruistically. Dr. Contreras Serratos urges people to donate blood regularly, starting at 18. Donating blood is safe and helps others in need.