makana.gabriel - 1-31-2009 at 11:24 AM
http://mexidata.info/id2135.html
Woooosh - 1-31-2009 at 11:35 AM
pure propaganda. They don't even know the sky is falling yet... SOS
"While Mexico’s resort real estate markets have not experienced as severe of a downturn as the U.S. real estate market, nor does anyone expect them to
reach such a level, it is clear that demand has slowed and will remain slower for the short term as compared to the booming years of 2000 to 2005."
gnukid - 1-31-2009 at 12:20 PM
Oh yeah thats why Los Arcos closed, one of the oldest most successful hotels in Baja... and why so many others like Buena Vista are closed too. Hmmm
Funny, very funny.
dtbushpilot - 1-31-2009 at 12:30 PM
Seems like 1 in 5 properties in the East Cape have a "For Sale" sign posted. I know several realtors in the area and the word is that nothing is
moving. I try to keep my ears open in case a "must have" property comes along.....but then, I probably couldn't afford it anyway.
As of last week Rancho Buena Vista was open but I didn't see any customers at the hotel. The bar is open in the evening, good thing for me. I usually
go for a walk (sometimes I ride my ATV) down there in the evening to treat my "low blood alcohol" condition......dt
Bajahowodd - 1-31-2009 at 12:35 PM
Use of the words 'short term' is hysterical. The economic downturn started in the States. It has gradually spread elsewhere. All signs point to
continuing decline for the foreseeable future in the U.S. When we bottom out and start a recovery, other countries, including Mexico will still be
behind in the timeline. That's the time to start looking for bargains South of the Border. Geez. With foreclosures here at record numbers, who is
running out and buying second homes?
It's mostly whistling in the dark by developers and real estate people who earn their living convincing people to buy.
Osprey - 1-31-2009 at 01:37 PM
You can't blame the realtors for trying to paint pretty pictures. What galls me is many of their web sites scream a theme of pristine, uncluttered,
rustic, etc. etc. while they create the mall and sprall that will end all that. Kind of hypocritical doncha think?
Bajahowodd - 1-31-2009 at 01:44 PM
It's called squeezing the greatest profit out of a parcel of land. Does anyone think those high rise projects along the Cuota add to the scenic beauty
of the scenic highway? Have to admit, though, that from the inside looking out must be quite nice.