Should I buy or rent a home in Cabo San Lucas?

If you have not spent a lot of time in Cabo San Lucas, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Cabo San Lucas is an attractive destination for both buying and renting a home. Its year round sunshine and access to miles of beaches make it a desirable place for living. If you plan to live in Cabo for an extended period of time, then buying a home may be the best option for you. In addition, it provides personal opportunity to customize the property to your specifications, as well as the potential for owning a valuable real estate asset that can appreciate as the years go by. On the other hand, if you do not intend to stay in Cabo long-term, or if you are unsure of your finances, then renting may be the more attractive option. With renting, you will have the flexibility to move out at any time, as well as the potential to benefit from the amenities associated with home rentals, such as maid services and other amenities. Whatever you decide, Cabo San Lucas is sure to be an enjoyable place to live," said another expat in Cabo San Lucas, Mexico.