Originally posted by Hook
Well, it's pretty much a fact now. The amount of people returning to San Carlos, Sonora this year is down again, and pretty significantly. The
downturn had been rather gradual since 2007 when the combination of bad news about Mexico and the economic conditions worldwide first hit. Remember
that we are only about 5 hours below the border by a mini freeway, so it's a bit easier than driving hwy 1. That kept the downturn at
bay..........until now.
If I had to guess, I'd say returning snowbirds are down at least 30% from last years dwindling numbers. But one of the biggest things we've noticed is
how many people have chosen to return to the States or Canada for the holidays. Normally, they stay here and their kids and grandkids come down to
visit and enjoy an escape from the cold. This year we are hearing that, in many cases, the kids are too afraid to come down anymore. So, many
snowbirds are instead meeting them in the Phoenix or Tucson areas. After the holidays, the snowbirds will return to San Carlos for the remainder of
the winter/spring.
The result of this downturn is manifesting itself in a number of business closures. The last restaurant that catered to gringo palettes (meat loaf,
fried chicken, mashed potatos, grits, etc.) is closing as is a joyeria that has been here for 18 years.
The downturn in housing prices has also finally begun. Those that HAVE to sell have reduced prices by up to 50%. Of course, there are many persons who
own here who really dont have to sell. Their properties are owned free and clear and they were built more than 10 years ago for probably 25-50% of
what it would cost to build now. They are just hoping a sucker comes along to buy at their ridiculous prices.
Some of you who live full time in Mexico like us; what have you noticed in your communities, in terms of visitors and the business climate?
[Edited on 12-20-2010 by Hook] |