Why is this post titled “couple of things to worry about for renters”?
Even if the US dollar drops 50% to the peso the loans people have in dollars will still have to be paid back at their full amount. Unless they are earning wages in pesos, the devaluation of the $ will have little to no direct effect. The only threat to renters is if Mexican speculators come here and start snatching up cheap homes.
Given the amount of US driven manufacturing in Mexico, I’d bet any downturn in the US will directly hurt Mexico’s economy too.