Snag a deal on Mexican real estate

Don't let crime keep you from buying beach getaway
Published on Mar 23, 2011

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by CareyBot

Jim Cramer, the bombastic, high-energy investment guru and host of the CNBC show "Mad Money," told his audience last summer that he recently purchased three properties in Mexico. Why, Jim?

"Mexico is a big country and not every province, every state is involved in the drug trade," said Cramer, a magna cum laude graduate from Harvard. "It has to be one of the nicest places I've ever been ...

"It's not such a bad idea to diversify away from stocks," he said. "I think that out-of-favor real estate in Mexico that's easily accessible to Americans represents a great buy."

Given the winter weather in the Puget Sound, many grumbling residents are seeking consistent sun. Warm water would also fit. However, they a