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And just what is “CALEXIT”? Glad you asked. Like BREXIT when Great Britain left the European Union, “CALEXIT” is a new term for those who are abandoning California (and many abandoning Texas) to move to Los Cabos. According to the Los Cabos Tourism Fund, millionaires from the U.S., mostly from California and Texas have moved to Los Cabos, acquiring luxurious mansions. Those who have not moved permanently are visiting their new homes up to seven times a year, many in their own jets, adds the report. Christie’s Real Estate also reported a 22 percent increase in affluent retirees and telecommuting buyer purchasing property in Los Cabos.
