BajaNomad

Loreto Bay

tehag - 11-22-2005 at 03:34 PM

November 22, 2005 taken from Pta Nopol?.

comitan - 11-22-2005 at 03:44 PM

I think its called density, thats all I see and Progress?

rpleger - 11-22-2005 at 04:51 PM

Gee, Just like home......................

Bruce R Leech - 11-22-2005 at 07:54 PM

a new slum:?:

Cincodemayo - 11-23-2005 at 06:58 PM

Yes Bruce...a $200 million dollar slum as of a month ago. I myself will be looking forward to flying down to my slum next year and having a cold cerveza with Phil and his lovely wife and all the other paupers who were so dumb to invest in such a losing venture. The town of Loreto will be looking forward to their second million dollar payment soon to squander on their hospital and schools or whatever.;)

Hola Cinco

jrbaja - 11-23-2005 at 07:13 PM

Don't wanna argue but I am really interested in yours, as well as other buyers satisfaction with the rate things are happening there.

I've been peeing by there recently and am quite surprised at the limited amount of physical changes I see compared to the promotion it spends $ on to sell these places.

This is an aspect that everyone needed to wait and see how it went. So my question is, howz it going in your opinion? Enough workers? Enough progress?

I spent a night near there a week or 2 ago in one of my favorite places. Truly incredible!!! Still !!:bounce:

elizabeth - 11-23-2005 at 09:46 PM

Quote:
Originally posted by Cincodemayo
The town of Loreto will be looking forward to their second million dollar payment soon to squander on their hospital and schools or whatever.;)


The money did not go to Loreto...it went to the Loreto Bay Foundation controlled by Loreto Bay.

friend of baja - 11-23-2005 at 10:07 PM

Quote:
Originally posted by jrbaja
Don't wanna argue but I am really interested in yours, as well as other buyers satisfaction with the rate things are happening there.

I've been peeing by there recently and am quite surprised at the limited amount of physical changes I see compared to the promotion it spends $ on to sell these places.

This is an aspect that everyone needed to wait and see how it went. So my question is, howz it going in your opinion? Enough workers? Enough progress?

I spent a night near there a week or 2 ago in one of my favorite places. Truly incredible!!! Still !!:bounce:

friend of baja - 11-23-2005 at 10:22 PM

JR, nice to see you still have an interest in Loreto Bay, but really...the pace of construction..., that's all you have to complain about. Wow, they must be doing something right.

Construction progress has been slower than anticipated, however in a recent conference call involving hundreds of home buyers, not one concern was raised about the progress of construction. Buyers understand that a project as unique as Loreto Bay has its first obligation to quality not quantity. Having said that there are over 500 wokers under 4 general contractors onsite doing their best to meet the demand.

friend of baja - 11-23-2005 at 10:33 PM

Quote:
Originally posted by tehag
November 22, 2005 taken from Pta Nopol?.


thanks tehag, here are a few from a little closer vantage point. These homes are truly spectacular.

http://flickr.com/photos/loretobay/sets/678798/

bajajudy - 11-24-2005 at 07:12 AM

Too close for me!

That's a lot of "Wokers"

jrbaja - 11-24-2005 at 08:32 AM

Did you actually purchase something there Friend of Baja? Because it seems from your posts that you do nothing but stick up for the place rather than give factual info.
I am not complaining, just curious. Therefore, unless you are a buyer, please refrain from voicing your opinions to my questions.

vandenberg - 11-24-2005 at 10:21 AM

Friend of Baja. Wow, they must be doing something right.

Maybe should be " Wow, WE must be doing something right " ????:?::?::?:

rpleger - 11-24-2005 at 11:09 AM

I'm sure they are nice and well constructed, But it's like Irvine condos, Mexican style.

This is what I moved to Mexico to get away from.

oladulce - 11-25-2005 at 11:36 AM

I've tried to keep my Loreto bay comments to myself but I do have one observation.

I can't be the only one out there who's thinking those cubbyholes are going to be hotter than heck with few windows, cramped quarters, and lots of masonry to collect and radiate the heat. It looks like there are a few pergolas on upper decks, but the only other shade will be that which the cluster of buildings itself will create when the sun is low enough. Wouldn't want to be there in mid summer at noon.
Isn't the consideration of the environment and climate you're building in one of the hallmarks of Eco-friendly design and "sustainability"?

"friend of baja" has provided the link for the Loreto bay blog in the past which many construction photos. and has provided a link to a LB brochure regarding their Adobe project in a current Nomad "casa building" post. They are making some nice- looking adobe blocks, but when you look at the construction photos, many of the buildings are 100% concrete block, and some have one or two adobe walls only.

It looks like some of the garden walls and deco stuff like cupolas will be exposed adobe bricks which is good for "show". But once the stucco goes on, the concrete and adobe building walls will look exactly the same , therefore creating the illusion that it's built with 100% adobe unless a prospective buyer knows to ask.
http://flickr.com/photos/loretobay/40912430/in/set-85931/

To make those things livable will require a lot of air conditioners. Wonder how many football fields-worth of solar panels they are going to need to sustain their own energy needs ? ( I'm guessing there will be a few panels for "show" and the majority of the energy needs will require non-renewable, conventional methods. Hope they prove me wrong).

Guess I'm just envious of those nice looking adobe blocks. Hate to see them be used for just "show". We could do alot with those, and would maximize the benefits of the adobe by thoughtful site planning and home design.

Cincodemayo - 11-25-2005 at 12:07 PM

JR...our lot just closed and construction will begin soon but everyone needs to remember that all funds won't be given until the units and homes are finished. That in itself will be a push for crews and Loreto Bay folks to get things done in a timely manner....and it's Mexico which requires labor to be MEXICAN. Dang look how long it takes for someone to build in the USA with all the "unknowns" that always crop up with a single home letalone a project of this size. EVERY one I have talked with that have purchased in Loreto Bay and that is all over the country from the East coast to Seattle and Canada are totally excited. If it's not for someone so be it but all is progressing well with all I have talked with....especially to all the great folks we met at the Loreto Bay sponsored trip to Mexico City for the NFL game. Heck even 3 of my customers have purchased down there so it's appeal to people is valid. Like I said before, if it's not your cup of tea that's fine but it certainly has a strong following.

JR...by the way our guy who did the contract and papers for our unit we found out bought the unit next door to ours. He's an awesome guy and will be a great neighbor. Another friend of mine has about 5 Fortune 500 companies and was on our same trip...he bought 3 doors down.

[Edited on 11-25-2005 by Cincodemayo]

vandenberg - 11-25-2005 at 12:38 PM

Oladulce

The conventional block you see in the construction are all inside common walls. They haven't started the adjacent buildings yet. All exterior walls will indeed be the adobe brick. Live accross the street from the development and am as curious, or more so, then the rest of you.

vandenberg - 11-25-2005 at 12:40 PM

Cincodemayo

Not Bill Gates ??:spingrin::spingrin::spingrin:

bill erhardt - 11-25-2005 at 12:52 PM

The thing I like best about this housing development is the 8 or 10 mile buffer zone between it and Loreto.

Cincodemayo - 11-25-2005 at 12:56 PM

Bill could buy the whole thing...I don't think they'd let Billy build another 50,000 sq. ft. house like the monolith on Lake Washington!:wow:

jerry - 11-25-2005 at 01:07 PM

just couse im nosey cinco what square foot is your place in loreto bay and what is the total finish cost?? monthly or yearly fees?? have a good one jerry

oladulce - 11-25-2005 at 03:13 PM

Quote:
Originally posted by vandenberg
Oladulce

The conventional block you see in the construction are all inside common walls. They haven't started the adjacent buildings yet. All exterior walls will indeed be the adobe brick. Live accross the street from the development and am as curious, or more so, then the rest of you.


Thanks vandenberg-

Now I get it. Good they're utilizing their adobe. It still looks hot in there to me and will be interesting to see how they meet their energy (air conditioning) needs, and how they plan to fulfill their "produce more energy from renewable resources than we consume" promise. That's a ---load of solar panels and a heck of a lot of batteries.

friend of baja - 11-25-2005 at 08:32 PM

Quote:
Originally posted by jrbaja
Did you actually purchase something there Friend of Baja? Because it seems from your posts that you do nothing but stick up for the place rather than give factual info.
I am not complaining, just curious. Therefore, unless you are a buyer, please refrain from voicing your opinions to my questions.


JR I will come clean, I am a homeowner. I only stick up for the Company when I see comments that are inaccurate or derrogatory to the Company or its principles including the Principals.

If anyone has honest questions I would be happy to answer them as honestly as I can, but unfortunately,most of the comments are biased and baseless and don't warrant a response.

Sallysouth - 11-25-2005 at 09:25 PM

Like Skeet has always said, "what about the water??"

Retrospection

Sharksbaja - 11-26-2005 at 01:08 AM

Dear friend of Baja,

I like the info exchange here. The project certainly warrants scutinizing. As discussed so many times are the age old questions of utilities available to carry it to fruition.
The fact is that a substantial number or solar arrays is obviously necessary unless the plans are/have been augmented with power from the existing grid.
The fear lies within the ability to provide service free of black-outs and outages for the entire city.
I think in this case the responsibility(for self-sustainability) should lie entirely with the Foundation and guarantees would best be dealt with in a completion based commitment in which the company would faces fines and penalties where improvements to the infrastructure remain unresolved or incompleted by set dates.
This would insure and motivate the developers to fulfill and provide adequate utility service preventing local utility responsibility.

My question is: Are there concrete plans in place that are being actualized in regards to the project utility infrastructure. Has ground been committed and is work progressing on that currently?
Can someone comment on the progress of the water, sewerage and electrification elements and provide some kind of up-to-date info and/or photos?
There are still many people critical of the foundations methadology and quite frankly, don't trust big developers with their ambitious promises.
Evidence of such wouild be of great interest to many and would reassure them of the developments integrity.

friend of baja - 11-26-2005 at 01:03 PM

Sharks, I believe your post to be an honest inquiry into the "sustainable" plans of LBC to provide water, power and treat their sewage. I can only give you the most recent info that I have and as more becomes available I would be happy to post it here.

WATER:

LBC has now received 6 bids for the construction of their desalination plant and will be making a final selection soon. They have committed to commence construction within the next year (2006). My understanding is that the desal plant will not extract water directly from the Sea, but instead will harvest the slightly brackish water that flows constantly underground from the mountains and eventually finds it way into the Sea of Cortez. This in combination with water harvesting from regeneration of their land reserves will result in a greater supply of potable water than the development will consume.

ELECTRICITY:

Having completed detailed studies on solar generation, LBC is confident they can produce enough energy to meet the total demand for the development, however they are not confident they can do it cost effectively...so they have located a site on the Pacific side and are currently completing wind energy studies. To this end they are confident they can produce 20 megawatts of energy through wind generation for reasonable costs. They estimate that at full build out the entire development will only use a maximum of 9 megawatts. The residual energy will be added to the existing energy grid servicing the State of BCS.

A solar demonstration project has begun - solar panels have been delivered.

SEWER:

For those that aren't aware there already exists a primary treatment plant, located between Loreto and Nopolo. Once treated, futher processing will occur through tertiary treatment and will subsequently be used for iirrigation on the golf course, etc.

I know this doesn't answer all questions but it is the latest that I am aware of.

Latest count for workers onsite is over 600.

Sour well water? Transpeninsula tranmission lines?

Sharksbaja - 11-26-2005 at 02:27 PM

In regards to your statement about the use of underground water I am very curious about this. It has been stated earier that wells were sunk many years ago in Fonaturs' failed Loreto project. Are these the same wells that will be utilized and if so, why are/were these wells "labeled" as useable fresh water sources? Particularily since desal was not a viable consideration in that effort.
Could you please clarify exactly what "regeneration" of land reserves means in regards to sustainability?
Is saltwater intrusion typical of all the wells in the Loreto Basin?

Secondly, I think the idea of wind generation through proper design and utilization could add well needed megawatts.
The problem I have with this approach is the huge effort and money needed to tie-in to the project via tranmission cables through the mountains. That would not be good. Unless the plan is to add to the grid and go around the mountains, in which case the power then becomes available to all. Sounds pretty grandiose. These technical issues are exactly why folks have second thoughts on LBC' ability to really pull it off. In the U.S. this would not be allowed.
The utility infrastucture would most certainly have to be developed primary to constuction or at least simultaneously.
Although I feel that most related problems will be dealt with intelligently and timely I also feel that these concerns are at the forefront of "local" public opinion. To this end it is imperative that the investment and or earnest monies be funneled directly into these avenues.
Considering the scope of the project it would behoove the developers to prioritize and assure their investors (honestly) before a day comes when they halt further constuction for lack of needed/required services.
These are the same issues that keep surfacing. LBC' continuing PR machine has investors convinced that their project has all the bases covered. IMHO Iam not so sure.

I realize the depth of these questions and understand that it is very difficult to actually "see" what the engineering status is at any given time. Your input is appreciated "friend".

Swatez - 11-26-2005 at 04:26 PM

Weird....why go to Baja to live with your friends and neighbors in the US??
Why would people want to sequester themselves into San Diego type condo's when the beaches and the nature of Baja and it's people are so incredible?
It truly seperates the the towns people from the tourists. I guess some folks go there just to relax and party with the lifestyle they are used to. It's not for me. But for some I guess it's nice.

comitan - 11-26-2005 at 04:38 PM

The units attached to each other but have a Mexican flavor (Old Mexico)

Don start nuttin

jrbaja - 11-26-2005 at 04:40 PM

and there won't be nuttin!:lol::lol::lol:

rpleger - 11-26-2005 at 07:40 PM

friend of Baja..........

?Justt how many of these units are occupied right now?

?And when will the rest be ready?

oladulce - 11-26-2005 at 07:56 PM

Wow, that's a lot of wind turbines.

They'd need 26 of the huge Tehachapi size (750 kw each) to equal 20 megawatts per day and

2666 turbines of the size we have in San Juanico (7.5 kw each).


The Sandia Lab (US D.O.E.) collected 24 hr wind data for 1 year in San Juanico (directly across the peninsula from Loreto) prior to the installation of the hybrid power system in town. We contacted them a few years ago when we were looking in to the benefit of adding wind turbines to our solar system. They kindly shared the data, which gave us an idea of the average daily wind and power we could expect from it. Even tho it seems like there's always wind in SJ, there wasn't enough in 24 hrs to warrant the investment for us.

It will be interesting to see what they come up with.

No answers, just bluster

Gypsy Jan - 11-26-2005 at 08:25 PM

I don't know what's going on in Loreto, but I do read reasonable questions from interested posters and don't see believable responses from people who are vested in the development.

If you are interested in my input, don't put your money down until you know exactly what you are buying, and that includes lots of official paper and stamps (in Spanish, from the local authority).

Loreto Bay

tehag - 11-27-2005 at 05:00 PM

First house is now occupied. Occupants connected to existing water/sewer/electricity for now. As to when they will be on the Loreto Bay system, it is yet to be determined. As soon as "economies of scale" permit, I presume.

[Edited on 11-28-2005 by tehag]

jerry - 11-27-2005 at 05:19 PM

perhaps i should ask anyone who has purchased a place in loreto bay village what is the cost per sq foot of the homes?? what are the monthly or yearly fees?? upkeep fees and other expences
is there a limit on there expenses?? will you own the land under your house?? is this being markets simulat to condos?? have a good one jerry

its kinda been said...

eetdrt88 - 11-27-2005 at 08:25 PM

but i'm gonna yell it loud:WHY THE HELL WOULD YOU MOVE TO LORETO TO LIVE IN OARNGE COUNTY STYLE HOUSING???? WTF??? sure the places have some charm and might be a bit cheaper than actually buying on the coast in oarnge county but isnt part of the reason we all love baja the wide open spaces,beautiful beaches that are unoccupied by hordes of stressed out yuppies in their over priced condos......if i wanted to live down the street from the owner of 5 fortune 500 companies chances are i would stay in O.C...:O:rolleyes::O:rolleyes:sorry,but i dont get it

Dave - 11-27-2005 at 08:29 PM

Quote:
Originally posted by eetdrt88
but i'm gonna yell it loud:WHY THE HELL WOULD YOU MOVE TO LORETO TO LIVE IN OARNGE COUNTY STYLE HOUSING???? WTF???


Have you priced comparable homes in OC?

That's why. ;D

[Edited on 11-28-2005 by Dave]

so the prices are so much cheaper...

eetdrt88 - 11-27-2005 at 08:56 PM

that water,power,and sewage problems dont even matter...uhhh,are these homes free??

Sharksbaja - 11-27-2005 at 09:02 PM

Just more prematurely retired boomers living off the wealth of their parents amassed fortune from CA real estate.

????

eetdrt88 - 11-27-2005 at 09:13 PM

we are considering buying a little place south of San Felipe in one of the campo's,its basically just a trailer but it has a great cover and a nice little deck with a great view ,but honestly the nicest thing about this place is that has some space around it,not miles of space but a comfortable amount of room between you and your neighbors unlike most places in O.C. that are pretty crammed together...so i guess the most confusing part of this is that someone would spend all this money to have a home in a pristine place like Loreto and then you gotta have Joe,Bob,and Bill like right next door...forgive me if i dont want to bring Joe,Bob,and Bill with me to my place in baja:lol::lol:

jerry - 11-28-2005 at 08:01 AM

wow all this ranting and raving and noone knows the cost per sq foot?? and fees??

Cincodemayo - 11-28-2005 at 11:06 AM

How many of you have actually gone to a presentation, walked the property and listened first hand to anything about Loreto Bay? How many have talked first hand to any of the "qualified" people who know what they speak of? My neighbor I referred to was to show smart people make smart decisions and an investment property is a smart decision. If you prefer to live "IN TOWN" live there.....That's YOUR decision. I prefer to go INTO town. That's MY decision but I'm sure till doomsday all the negative's will continue to throw all the insults to something they have a giant unknown "GREY" area.

More Black & White to me

Sharksbaja - 11-28-2005 at 03:42 PM

Quote:
Originally posted by Cincodemayo
How many of you have actually gone to a presentation, walked the property and listened first hand to anything about Loreto Bay? How many have talked first hand to any of the "qualified" people who know what they speak of? My neighbor I referred to was to show smart people make smart decisions and an investment property is a smart decision. If you prefer to live "IN TOWN" live there.....That's YOUR decision. I prefer to go INTO town. That's MY decision but I'm sure till doomsday all the negative's will continue to throw all the insults to something they have a giant unknown "GREY" area.


I haven't gone to a presentation although I have read countless comments from others who have and quite frankly, they were pretty comfortable with they plans and reassurances given. I also have read transcripts of various source. Reflecting the same positive comments.
So, no offense Cinco...
A problem with these rehearsed presentations, talks and press releases is that they are all competely spun to erase any negative notion one may have. "Qualified Speakers"?Much the same as a new car salesmen. The difference being a new car salesman has a tried and tested product. So then, it would be more like a used car salesman, not really sure of the "bad" things it has but rather focusing only on it's upside and potential perfection.

The most important issues they face in completing this project with dignity are the ones that they can't completely address. THat's where it gets dicey. No one is willing to make those concrete statements and dates.
This project has the potential to determine Loretos' fate and future for further development.

That "Grey area" is pretty vital IMHO

Cincodemayo - 11-28-2005 at 04:45 PM

Sharks...
I'm the first one to ask as many questions as possible and believe me I did. They were all answered. Almost every person in the Loreto Bay group we met are buyers themselves and that alone tells me that it's in their best interest to see this thing thru. Every place we went to in town either for dinners, breakfasts, c-cktails or whatever surely liked not only the people of Loreto Bay but all the prospective buyers and the pesos/$$ that will acompany every visit. All the crews have to be Mexicans/local labor...more$$$ for the locals. There is not a doubt in my mind that as problems pop up and concerns arise they will be dealt with.

Remember Fonatur had this development slated no matter what as the infrastructure was in years ago but the French crook put it on hold in the Mexican courts till they went to France and got him...now he's sittin in a Mexican jail.

Sharksbaja - 11-28-2005 at 04:57 PM

You may have stumbled upon the conundrum Cinco and the biggest continuing hurtle...... Fonatur, and if it weren't for outside(big company) planning etc. they would have most likely screwed it up again. Let's hope the "pros" get the load handled.

Cincodemayo - 11-28-2005 at 05:00 PM

Sharks..
That's what all the owners hope. Grogan and Butterfield are great people who really do care about the project. Every question I've had has been answered and if not they do get back to you in a timely manner. All the Loreto Bay people have a genuine passion for what's happening there...

jerry - 11-28-2005 at 08:23 PM

dollars and senses?? an investment has value that will increase in time preferable faster then the rate of inflation i fear that the houses are allready inflated for what your getting in comparason to the area any moneys paid above the real value when purchased is blue sky or an investment in someones elses unproven art seems pretty shaky to me but then its not my problem and i guess noone here is willing to let the cat out of the bag as to the costs??? have a good one

labor

msawin - 11-28-2005 at 10:47 PM

One of the biggest stinks in town [ Loreto] NOW.. is the imported labor from Canada and The USA workers getting paid North American rates.. Twice / Triple or more, than being paid to the nationals.. This is from the folks in Loreto.... They have condemned living structures in Loreto for the workers. No plumbing, no toilets, no sink to wash hands, no heat. Your work force.

Marty Sawin



ps: You might get the same.

jerry - 11-29-2005 at 04:47 AM

They have condemned living structures in Loreto for the workers. No plumbing, no toilets, no sink to wash hands, no heat. Your work force.

sad to say but there have allways been places in mexico with no plumbing no toilets no sinks to wash hands and no heat have a good one jerry

Bob and Susan - 11-29-2005 at 06:41 AM

75% of Mexican homes have no hot water heater....

Cincodemayo - 11-29-2005 at 10:52 AM

Jerry..You haven't seen prices in Cabo lately have ya? Try Los Barilles too:wow:

vandenberg - 11-29-2005 at 11:03 AM

Cinco


:?::?::?:Did you ever see Jerry get an answer to his question about the cost of the buildings in Loreto Bay ? Somehow everyone is avoiding the question. Maybe " Friend of Baja " will answer this, being a future homeowner and all.:?::?::?:

jerry - 11-29-2005 at 11:15 AM

actually i havent seen prices for loreto bay yet after 3 trys im thinking that there must be a reason ?? i have been keeping up on prices as they skyrocket all over i used to live in last years fastest growing cumunity in the state of oregon i too am an investor in propertys but i will never buy unless i have controll of it and the land under it have a good one jerry

Cincodemayo - 11-29-2005 at 11:34 AM

Jerry...
They started at $200,000 at the beginning of Founder's Neighborhood for 1600sq.ft. Casa Chica and all the way up to a million for waterfront or Golf frontage with custom homes. Now the Casa Chica or equivalent square footage is more in the $300,000 range for the second phase. Nopolo is not much difference in prices now the last time I checked Jesus and his brother's site. As for the monthly dues it depends how large your home is...that monthly price includes ALL maintenance on grounds, infrastructure upkeep, painting, garden maintenance ect. Maybe Vandenburg can elaborate on what comparisons are at Nopolo....
Visiting a friend at Los Barilles his home wasn't much larger and the price of homes there were surprisingly not much different than here in Seattle area either for lots or built homes.

Cincodemayo - 11-29-2005 at 11:40 AM

Jerry...One more thing....The shorter the paper trail is for property in Mexico the less you have to worry about someone doing a scam like in Rosarito when all those people lost everything because of some scam artist. Fonatur has been the only property holder in Loreto Bay. You buy it, you own the house and property in a 50 year trust that automatically rolls over. Loreto Bay had all the Notary people there so all the i's are dotted and the t's crossed.

Cincodemayo - 11-29-2005 at 11:47 AM

http://www.puntanopolo.com/sales.cfm

These are way more expensive than Loreto Bay!:lol:

jerry - 11-29-2005 at 02:55 PM

thank you for the info cinco i know about the fedio i have had one on my property in loreto for years the only way i would do a purchase im mexico
its hard to believe that the same property has gone up 33 % and it hasnt been build yet
are ppl not feeding on the hype like malty level marketing the last one gets stuck?? have building costs gone up 33 % in the last yr or so?? if so how can they build the houses they promised?? if not the second phase is over priced . its easy to put figures together to show any thing you want ppl to believe.
the amentitys you speak about will not be free they cant be they cost money and will be paid for by the ppl living there the fees will reflect this in the future
if i invested as i heard $5.000 and could sell it for a $100,000 profit now it would be jumping and running to the back or i think it will be like leaving your money ride on the crap table you gonna loose sooner or later id pull my bet and start over?? the homes in nopolo are allreaddy build you own the lot under and along side your house not a postage stamp is there any restriction on you selling your position in building to someone else now unbuilt??if there isnt sell it for say $280,000 now for the $5,000 down you paid your return is astronomical but you will have to be one of the first if it catches on all the hype could work in reverse and the propertys will get worth less and less the second phase will have to support the first phase?? if not it all fails if the ppl in the first phase become compatition for the sales of phase 2 at a lower price but still a nice profet they will profit unless it colapeses around them if there is a restriction on selling your option then it feels to me like the company has covered its butt with your bucks?? just my view have a good one jerry

Cincodemayo - 11-29-2005 at 04:21 PM

Jerry...Everyone I've talked with that bought has no intention of selling.
Second phases are always more...supply and demand. Look at the prices of Napolo units that have LESS square footage for $139,000 more! My above link to Napolo.. As a homeowner you have access to all the hotels amenities...2 pools, bars, restaurants..I'd prefer to go into Loreto for dinners but for a casual lunch or breakfast the hotel is quite reasonable.
Unit 311

136.68 m?
1,470.68 sq. Ft.
$439,900.00

Sharksbaja - 11-29-2005 at 04:25 PM

good grief:O

jerry - 11-29-2005 at 06:55 PM

not my grief

Bajaboy - 11-29-2005 at 07:01 PM

I think value is perceived...if Cinco believes he is getting a good deal...so be it. But, in my opinion, $439,000 is a lot of money to spend in the US let alone Baja.

What happens when the next "big" development hits Baja? Also, what happens to the 50 year trust when you die? Can you will this to your kin? If so, how many times can the title be renewed? Forever?

Zac

jerry - 11-29-2005 at 07:09 PM

yes the fido will be willed to who ever you choose
how many times im not gona worry about

Bajaboy - 11-29-2005 at 07:16 PM

Quote:
Originally posted by jerry
yes the fido will be willed to who ever you choose
how many times im not gona worry about


It's just something to think about when comparing investment alternatives...property that can stay in the family indefinately or one that might not last more than 100 years...granted, we'll both be gone in a 100 years but I hope to leave something for my family.

I only make this point as I've seen a few statements about what a great investment this is or that is.... I guess one must decipher between investment and how one chooses to spend one's money

zac

jerry - 11-29-2005 at 07:17 PM

and once you choose if you change your mind it will cost a grand $US to change it

Phil C - 11-29-2005 at 07:30 PM

1470sq. ft. $439,900= $299.29 psf...... Wow! I don't know what to say about that.... When I built my house, I spent less than 90 psf, that INCLUDED land and bank trust. Oh, that was a year ago................:O:O

jerry - 11-29-2005 at 07:46 PM

phil c


thats what im talking about and the only fees you pay is the fido?? i cant see where loreto via;llage pencels out have a good one jerry

Marie-Rose - 11-29-2005 at 08:51 PM

I do believe that those who are investing in Loreto Bay are those who probably would
not be hurting if they happened to loose $200-300,000. These are not middle class income earners.
Would I like to spend a week there to lounge in luxury? ...sure, why not. Would I want to live there as my Mexican experience, no. But each to their own. Hopefully the development will cause no harm (locals and environment). I guess time will tell.

comitan - 11-29-2005 at 09:04 PM

I think people should be able to invest, live, enjoy where it suits them without a lot of people dragging their developement in the mud, if you were to invest there I don't think you would appreciate someone badmouthing where you expect to live and enjoy yourself.

a good laugh indeed...

eetdrt88 - 11-29-2005 at 09:25 PM

439,000 what???pesos:lol::lol::lol:

But Comi...

Sharksbaja - 11-30-2005 at 12:23 AM

Quote:
Originally posted by comitan
I think people should be able to invest, live, enjoy where it suits them without a lot of people dragging their developement in the mud, if you were to invest there I don't think you would appreciate someone badmouthing where you expect to live and enjoy yourself.



They're Canadians:lol::lol:

David K - 11-30-2005 at 08:17 AM

Sharks, because Canadians are such good beer drinkers and love Baja, you should cut them some slack... or a side of back bacon... okay, eh?

Sharksbaja - 11-30-2005 at 10:01 AM

Eh? Okay, eh! I won't stereotype ifn you won't! jejeje:lol:

Cincodemayo - 11-30-2005 at 10:19 AM

Sharks...unless Canadians are hiding out the majority of buyers we have met are from the US. I'd say it's more of a 70/30 division but then again Canadians are people last time I checked.

As for the price....the example price I gave at $439,000 was for the Nopolo development not Loreto Bay. We paid $249,000 for the same thing and larger sq. footage. That's what the link was for but everyone seems to think it was Loreto Bay. Detail people!:rolleyes:

vandenberg - 11-30-2005 at 12:46 PM

Other condo development in Nopolo, go to www.puntanopolo.com.

They also started at less then half the price a few years ago.

capt. mike - 11-30-2005 at 03:44 PM

this is all so funny....only need one rule....if you can't afford to lose it don't invest it in mexico.
if you CAN afford something, then hell, enjoy it. and if you can pass it to heirs after your trust expires in say, what, 50 years?? good, if not - who cares??

Worldtraveller - 11-30-2005 at 03:59 PM

The following excerpt from The Christian Science Monitor addresses some of the questions and comments in this thread.


................

The US Department of State estimates that out of the approximately four million Americans living overseas, between 600,000 and one million are in Baja and elsewhere in Mexico - up from about 200,000 a decade ago.

Gustavo Torres, a real estate agent in Northern Baja's Rosarito Beach, a one hour drive from San Diego, says his firm, RE/MAX, sells 10 to 20 properties a week. "Sales here have quadrupled in the last two years," he says, with prices going up at a rate of 15 to 20 percent a year.

About one-quarter of the 55,000 residents in Rosarito today are Americans.

"Rosarito beach is in the eye of the boom," says Mr. Torres, who estimates the next "hot area" will be Ensenada. And Loreto, he concludes, "is what the future is all about."

The Loreto Bay homes are priced between the mid-$200,000s for a 1,500-square-foot, single-family home to more than $2 million for a custom-designed, oceanfront house. "The days of finding a $30,000 beachfront property in Baja, are basically over," admits Torres. "But compare prices to the beach in California, and it's still a steal."

Prices are not the only thing changing in Baja. The buyers are different too. Fifteen years ago, when Tijuana-based real estate agent Nicolas Renard started selling property in Baja, he says, "... it was just a few retirees. " But today, he sees younger and wealthier buyers. "They are looking to make a profit, and this is a clear opportunity," says Renard.

Arturo Rolland, a real estate agent based in San Diego, is seeing another trend - that of Mexican-Americans entering the market. It's a group with growing income, he says, that has not forgotten its roots.
"They want to be back in Mexico, but not too far away from their families in the US."

.....................................

Sharksbaja - 11-30-2005 at 04:29 PM

Well, it seems a bunch of us got in at the right time. Now the question is:

What town is next to be saturated(gulp)?

Thank goodness for the lack of infrastructure to support more rapid development.:yes:
The equity factor these days is a bonus and I can't say I don't like it. It is very obvious.
The propertes in the Mulege area is following suit with the rest however.

Discovery Channel, Nova, and

jrbaja - 11-30-2005 at 05:47 PM

Worlds Most Dangerous Jobs.

I have been watching these shows and so far, looks like it has been a good year for the end of an era in the Alaskan Fisheries Industry, specifically, Crab, but effecting all aspects.

Seems to me that these guys love to fish so when they aren't busting their arses in Alaska, they are buying and building homes in south Baja. Specially when they have "good years". Go figure.

Sharksbaja - 11-30-2005 at 06:48 PM

JR, "end of an era"? Wadda ya mean? The "hayday" of crab fishing is certainly over. At one time not that long ago many crabbers reaped descent profits. Now, with limited tonnage being the operating factor has reduced the playing field. Not only that but it is not "always" a plentiful market. Many crabbers have to rerig and target other available species more often. On top of that the world crab market is dominated as usual by the Japanese market and huge corps and demand so the price can rise or fall unexpectedly. Add to this higher fuel and supply costs and it becomes a much more difficult industry to garner riches. The fishermen know where to go. Baja is it! Not Loreto I hope!:bounce:
Our opening commercial crab season here has been put off two weeks as the meat ot shell ratio is too low. Last year saw a signifigant drop after landing the most(on this coast) the year before. You may see less & less I'm afraid.

Dave - 12-1-2005 at 08:58 PM

Quote:
Originally posted by Sharksbaja
Well, it seems a bunch of us got in at the right time. Now the question is:

What town is next to be saturated(gulp)?



I'll tell you but you have to promise not to tell anyone, OK?

Promise?

OK then, it's:









Santa Rosalia.

Good bye-trash heaps?

Sharksbaja - 12-1-2005 at 10:26 PM

As I was leaving S. Rosalia last week I was shocked to see the huge piles of twisted metal and trash being scooped up and hauled away on the north end of town. I swear these are the same dumps we saw in the 60s when we came through.
It sure will improve it's curb appeal. I could never understand the longevity of those dumps being so close to town. I also like the new palms and upgrades along the paseo maritimo. It helps mucho.

Loreto Bay

tehag - 12-3-2005 at 07:23 AM

Two planeloads of prospective buyers in town this weekend. Looks like the wind quit just for them. Is that major clout or what?

backninedan - 12-3-2005 at 10:57 AM

Yah right, god loves Loreto Bay.

Sharksbaja - 12-3-2005 at 04:23 PM

Is he Canadian?:biggrin:

comitan - 12-3-2005 at 04:40 PM

sharks

Do you card everyone at your restaurant to make sure their not Canadian?

Sharksbaja - 12-3-2005 at 07:35 PM

Quote:
Originally posted by comitan
sharks

Do you card everyone at your restaurant to make sure their not Canadian?


To be honest...........

no, not unless they wanna drink and look under 30:lol: They are some of our best customers. They(Western Canadians) don't like fried seafood so they seek us out.
I like to poke fun at the Canadians here because of their propencity to take tongue-in-cheek comments like I make seriously. How much fun is that!!??:spingrin:
Who I don't like are the developers of Loreto Bay. :mad:They fabricate and spin their projects true ramifications. They happen to be Canadian. The project is therefore Canadian.