• Immigration News
Brewer Files Brief in Appeal over Immigration Law
Brewer Files Brief in Appeal over 1070

Lawyers for Arizona Gov. Jan Brewer filed their opening brief …

Univision, Disney Look at English News Channel
Univision, Disney Look at English News

Univision and Disney are in talks to create a 24-hour news …

Get an Up Close Look at a Border Tunnel
Get an Up Close Look at a Border Tunnel

FOX 10's Troy Hayden just returned from an assignment at the …

Feds, Arpaio's Lawyers Meet over Civil Rights Case
MCSO, Feds to Meet Monday

U.S. Justice Department staffers will be in the valley Monday …

Officer Shoots at Alleged Illegal Immigrants
Officer Shoots at Illegal Immigrants

An officer-involved shooting may have involved as many as seven…

ICE Agents Fire at Suspect in Tucson
ICE Agents Fire at Suspect in Tucson

Tucson police say they're investigating a shooting involving …

Ghost Town to Reopen as Murder Stays Unsolved
Ghost Town to Reopen After Murder

Seven months after 68-year-old Larry Link was gunned down in …

5 Norteno Musicians, 4 Others Killed in Mexico
5 Norteno Musicians, 4 Others Killed

A masked man opened fire against a band playing popular norteno…

AP Analysis: Border Patrol OT Up as Arrests Drop
AP: Border Patrol OT Up as Arrests Drop

Border Patrol agents have racked up daily overtime at a cost of…

Woman Sentenced in Crash that Killed Border Patrol Agent
Woman Gets 5 Years for DUI Crash

A Sells woman has been sentenced to five years in federal …

  • Marketplace Ads

Wealthy Mexicans Buying Homes in Southern Arizona

Moving to try to avoid cartel violence

Updated: Tuesday, 31 Aug 2010, 8:11 PM MST
Published : Tuesday, 31 Aug 2010, 8:11 PM MST

NOGALES, Ariz. - The real estate market in Nogales, Arizona is getting a slight boom -- as a direct result of the recent violence in Sonora, Mexico.

Some wealthy Mexican business owners are purchasing sprawling homes in Nogales, Ariz. and moving because they are in fear of their lives.

With all the reports of violence in their backyards, they are fearful that the drug cartels will take advantage of their affluent families, extort them or even kidnap them.

So, they are keeping their businesses in Mexico, but packing up their families and moving north of the border -- becoming resident aliens and then commuting to work.

"The violence across the border has really sprung up this new buyer niche that we're getting," says Gabriel Gastelum, a Santa Cruz County realtor.

"Sixty percent of our sales tax revenue comes from Mexico so that makes a big and direct impact to our private sector and downtown merchants," says Nogales mayor Octavio Garcia-Von Borstel.

Town officials don't know how long the surge will last, but it has certainly helped the southern Arizona economy and housing market.

  • Add Your Comments Here

Keep your comments civil - MyFOXPhoenix.com reserves the right to remove comments that are obscene, profane, abusive, hateful, racist, spam, "trolling," or otherwise inappropriate. Repeat offenders will be banned. If you see such comments, report them to us by flagging them. (Click on 'Flag' beneath a post -- hover your mouse below the post's text for it to appear.)

 

Comments should be flagged for: spamming, violating our commenting policy, being clearly unrelated and attacking other commenters personally. Comments should not be flagged for: Disagreeing with the content or disputes with other commenters.

 

Be sure to refer to our Terms of Service.

 

Stay on topic: Don't discuss an entirely different subject or spam the section asking about another story. Send us an e-mail instead. Continue to spam comment sections and your acccount will be banned. Keep your posts brief and to the point. Remember this is a comment section, not your personal blog.

 

When posting a comment on myfoxphoenix.com, a valid e-mail address, Facebook, Yahoo!, OpenID or Twitter account is necessary. The e-mail is not available for viewers to see. You will be required to verify the e-mail address before posting a comment. Users with third party logins (Facebook, Twitter, etc.) are already considered verified accounts.

 

Choose a user name you'll remember - don't use your real name unless you want it to be known.

 

Accounts that use obscenities in their user names and/or avatar pictures are not allowed.

 

To avoid your posts being labeled as spam, simply provide a link to an article instead of copying and pasting the entire text. 

 

Posts with obscenities will be removed by moderators.

 

Click here if you need help signing up for an account or using your profile.

 

Comments Powered By Disqus

Top Stories

Popular

Most Commented

Advertisement
  • Suggested Search
  • Marketplace Ads