Wow, your homes value went down $400,000 over the past three years, which is nearly a third of its value is gone! San Miguel de Allende was a place I was also interested in moving to. I have kept up with the happenings, through "Civil SanMigueldeAllende yahoo group", there has been much talk about the violence which came out of nowhere.

This town, used to be the Disney of Mexico, now the drug cartels are even going after people & business here. The advice from the group was to rent and never buy homes, now I understand why, from your experience.