BajaNomad

wow doug's sellin his house...papa fernandez

cj5orion - 11-10-2011 at 07:35 AM

thought he was a "fixture" there .

http://www.papafernandez.com/forsale.html

Hook - 11-10-2011 at 09:09 AM

Classic "Baja Rustic" motiff inside.

bufeo - 11-10-2011 at 09:13 AM

Doug and Peggy have a nice place there. That's a fair price, too, for all that the buyer gets.

Allen R

norte - 11-10-2011 at 09:42 AM

Price? probably not in todays market but good luck.

DianaT - 11-10-2011 at 09:46 AM

Maybe I missed it, but is this on leased land or do they have title?

Hook - 11-10-2011 at 11:11 AM

Quote:
Originally posted by norte
Price? probably not in todays market but good luck.


Who can really say what "today's market" is? Are their comps in the neighborhood that have all those toys and amenities?

That looks like a lot of retirement fun for 130k to me.

Admittedly, I dont look at potential retirement homes for their investment value.

capt. mike - 11-10-2011 at 11:44 AM

hook is dead nutz on here.
man i couldn't believe all the detailed inventory. they put a ton of work in that and hauling all that stuff down. what's the value for that?? thousands.

norte - 11-10-2011 at 11:57 AM

Understand Hook. And I wish these people well. I am sure it cost a lot of money. But everyone I talk to say nothing is selling unless it is way below market value. People are just staying North or not spending great amounts of money. The days of a Baja investment seem to be gone and those who did invest are going to lose money if they sell now. Also isn't this are kind of a niche area without a lot of amenities.

djh - 11-10-2011 at 12:30 PM

Wow,

What a great spot!
And well equipped, eh? The only thing missing is my sailboat on a mooring bouy out front in that well protected bay!

Yes, is this leased land or ?


djh

djh - 11-10-2011 at 12:32 PM

Quote:
Originally posted by norte
... everyone I talk to say nothing is selling unless it is way below market value. People are just staying North or not spending great amounts of money. The days of a Baja investment seem to be gone and those who did invest are going to lose money if they sell now. Also isn't this are kind of a niche area without a lot of amenities.


AKA: A great time to buy in Baja . . . low demand, comparitively low prices . . . sounds like buyers market to me

;D

norte - 11-10-2011 at 01:15 PM

at around $50k yes. look in real-estate available on this forum.

Barry A. - 11-10-2011 at 01:29 PM

Location, location, location--------------I will go with the asking price---------seems highly reasonable to me considering-----------. The "pavement" will change EVERYTHING. Now is the time to move on it------------

Barry

BajaBlanca - 11-10-2011 at 01:35 PM

what a gorgeous piece of property and location. wow....

ElCazadorAZ - 11-11-2011 at 08:49 AM

Looking at houses in the AZ (collapsed) market, I told my realtor that these days, money talks. She looked me in the eye and said" "Oh no Hunter. In this market? Money SCREAMS". Never heard that before. Rather chilling.

Looks like a Helluva nice place. Somebody's gonna get a bargain..... H.

capt. mike - 11-11-2011 at 09:05 AM

AZ stats were just released this week - another 9% drop in values for existing homes.
the bottom just keeps falling here.

thx a fricking lot Senators Dodd and Frank.:fire::mad:

Bajaboy - 11-11-2011 at 09:37 AM

Quote:
Originally posted by capt. mike
AZ stats were just released this week - another 9% drop in values for existing homes.
the bottom just keeps falling here.

thx a fricking lot Senators Dodd and Frank.:fire::mad:


Supply and demand my friend....not enough people want to buy houses in Arizona at the current prices....

rts551 - 11-11-2011 at 09:43 AM

Quote:
Originally posted by capt. mike
AZ stats were just released this week - another 9% drop in values for existing homes.
the bottom just keeps falling here.

thx a fricking lot Senators Dodd and Frank.:fire::mad:
Another one that has to, just has to make a political comment.

Start blaming your local politician first. Bajaboy has it right. otherwise how come many of our other states have turned around.

capt. mike - 11-11-2011 at 10:46 AM

they're selling fine. just below what it costs to build new.
this was a fall out of the sub prime mtg mess which Fannie and Freddie allowed to happen.
it caused a bigger boom in 2006 for the sun belt than other parts and so we got the worst of the fall out.

Banking oversight did not happen. that is what started the tankage.

then they started with all the help, saving AIG for starters.
from there it only got worse plus the ARAR and the TARP funds BS.

nearly 15 trillion in debt we are.

better start learning Mandarin.

Bajaboy - 11-11-2011 at 10:48 AM

Quote:
Originally posted by capt. mike
they're selling fine. just below what it costs to build new.
this was a fall out of the sub prime mtg mess which Fannie and Freddie allowed to happen.
it caused a bigger boom in 2006 for the sun belt than other parts and so we got the worst of the fall out.

Banking oversight did not happen. that is what started the tankage.

then they started with all the help, saving AIG for starters.
from there it only got worse plus the ARAR and the TARP funds BS.

nearly 15 trillion in debt we are.

better start learning Mandarin.


so in other words, the values were overstated and now the market is correcting that mistake....sounds very capitalistic to me...

Barry A. - 11-11-2011 at 12:58 PM

Quote:
Originally posted by Bajaboy
Quote:
Originally posted by capt. mike
they're selling fine. just below what it costs to build new.
this was a fall out of the sub prime mtg mess which Fannie and Freddie allowed to happen.
it caused a bigger boom in 2006 for the sun belt than other parts and so we got the worst of the fall out.

Banking oversight did not happen. that is what started the tankage.

then they started with all the help, saving AIG for starters.
from there it only got worse plus the ARAR and the TARP funds BS.

nearly 15 trillion in debt we are.

better start learning Mandarin.


so in other words, the values were overstated and now the market is correcting that mistake....sounds very capitalistic to me...


It IS Capitalistic------finally. But all these girations and people losing their homes was NOT necessary since many should not have been in their homes to begin with. Capt. has it right!!!! IMO.

EVERYTHING is poliltical, these days-----and I hate that.

Barry

rts551 - 11-11-2011 at 02:17 PM

Ya. You guys are right. Lets ruin another good post with political hogwash
Quote:
Originally posted by Barry A.
Quote:
Originally posted by Bajaboy
Quote:
Originally posted by capt. mike
they're selling fine. just below what it costs to build new.
this was a fall out of the sub prime mtg mess which Fannie and Freddie allowed to happen.
it caused a bigger boom in 2006 for the sun belt than other parts and so we got the worst of the fall out.

Banking oversight did not happen. that is what started the tankage.

then they started with all the help, saving AIG for starters.
from there it only got worse plus the ARAR and the TARP funds BS.

nearly 15 trillion in debt we are.

better start learning Mandarin.


so in other words, the values were overstated and now the market is correcting that mistake....sounds very capitalistic to me...


It IS Capitalistic------finally. But all these girations and people losing their homes was NOT necessary since many should not have been in their homes to begin with. Capt. has it right!!!! IMO.

EVERYTHING is poliltical, these days-----and I hate that.

Barry

Bajaboy - 11-11-2011 at 02:23 PM

Back on the topic of Papa Fernandez, do Larry and Marie still have places there?

David K - 11-11-2011 at 03:05 PM

Barney Frank and Chris Dodd blackmailing banks to loan money to unqualified borrowers (the crazy lib notion: Everyone has a RIGHT to own a house) is the ROOT of the collapse of America today...

Never ever give the left the House and Senate together... then 2 years later the White House, too!!! Sure, we 'fired' the Republicans because they were spending like Democrats without a veto from George Bush... but Hey-Zeus, electing liberal democrats are like pouring gas on a fire that liberal republicans allowed to get started.

Checks and Balances out the door, and we are in the red for how long because of that??? A conservative like Reagan can turn it around (he did in 2 years after inheriting a far worse economy left us by Jimmy Carter and a democrat congress).

Vote Conservative, regardless of the letter next to the name! :light:

capt. mike - 11-11-2011 at 03:19 PM

Barry - yes you get it. Others do not.

The values were fine and in a normal market range tied to good growth which was real - not inflated.

Then you let all these people get into mortgages they can't afford for homes that they can't afford and then boom - the supply reacts and all of a sudden everyone wants to flip and move up the brick ladder. This house of cards crumbles and soon 1/2 the homes are worth less than the paper tied to them all at inflated non realistic $$s. This is called "under water" But - in the back ground all the worthless paper is packaged into CBMS and floated on the market at the next level. Result? - everything starts tanking on a chain reaction and you get the recession/depression woes we have now.

Had lending been properly controlled and monitored the sub prime loans would not have gone through. Even the so called appraisers were winking because deals were happenijg so fast they'd use those invalid comps and the approvals kept happening.

This was NOT a market correction - it is a market catastrophy.

Look how much your home was worth in 2005 or 6 and compare to today.

What have you lost? Maybe you don't care. Maybe you didn't have nice real estate. I did and still do. and IF i had a better market position i could buy this bahia place or any one like it for frickin cash and go have a good time.

so yeah..... USA values ARE affecting Mexican RE deals. And so it is a buyers market.

rts551 - 11-11-2011 at 03:27 PM

Its what you get with deregulation
Quote:
Originally posted by capt. mike

Had lending been properly controlled and monitored the sub prime loans would not have gone through. Even the so called appraisers were winking because deals were happenijg so fast they'd use those invalid comps and the approvals kept happening.

This was NOT a market correction - it is a market catastrophy.

Look how much your home was worth in 2005 or 6 and compare to today.

What have you lost? Maybe you don't care. Maybe you didn't have nice real estate. I did and still do. and IF i had a better market position i could buy this bahia place or any one like it for frickin cash and go have a good time.

so yeah..... USA values ARE affecting Mexican RE deals. And so it is a buyers market.

Cypress - 11-11-2011 at 03:29 PM

They put buying a home on the same level as buying a used car. Co-signer? Yep! The tax payers.

bufeo - 11-11-2011 at 03:32 PM

Quote:
Originally posted by Bajaboy
Back on the topic of Papa Fernandez....


Good luck with that.

Allen R

Bajaboy - 11-11-2011 at 03:37 PM

Quote:
Originally posted by capt. mike
Barry - yes you get it. Others do not.

The values were fine and in a normal market range tied to good growth which was real - not inflated.

Then you let all these people get into mortgages they can't afford for homes that they can't afford and then boom - the supply reacts and all of a sudden everyone wants to flip and move up the brick ladder. This house of cards crumbles and soon 1/2 the homes are worth less than the paper tied to them all at inflated non realistic $$s. This is called "under water" But - in the back ground all the worthless paper is packaged into CBMS and floated on the market at the next level. Result? - everything starts tanking on a chain reaction and you get the recession/depression woes we have now.

Had lending been properly controlled and monitored the sub prime loans would not have gone through. Even the so called appraisers were winking because deals were happenijg so fast they'd use those invalid comps and the approvals kept happening.

This was NOT a market correction - it is a market catastrophy.

Look how much your home was worth in 2005 or 6 and compare to today.

What have you lost? Maybe you don't care. Maybe you didn't have nice real estate. I did and still do. and IF i had a better market position i could buy this bahia place or any one like it for frickin cash and go have a good time.

so yeah..... USA values ARE affecting Mexican RE deals. And so it is a buyers market.


So are you saying there should have been more regulation of the lending/banking industry:?:

Our place in San Diego has tanked since 2005 but in all honesty, I think houses are priced a little more realistically now. So yes, this is a correction. Prices were way out of whack.

We are currently trying to buy another place at the moment but the banks are not lending even though they have butt loads of cash. Prices will remain stagnant until people can get out of their current mortgages. Too many people are underwater and until this fact is addressed the housing mess is with us for a long time.

Ken Cooke - 11-11-2011 at 03:42 PM

Quote:
Originally posted by David K
Vote Conservative, regardless of the letter next to the name! :light:


But, what about social issues? I personally do not agree with conservative politicians for this reason. Never will.:yes:

mtgoat666 - 11-11-2011 at 03:45 PM

Quote:
Originally posted by capt. mike
Barry - yes you get it. Others do not.

The values were fine and in a normal market range tied to good growth which was real - not inflated.

Then you let all these people get into mortgages they can't afford for homes that they can't afford and then boom - the supply reacts and all of a sudden everyone wants to flip and move up the brick ladder. This house of cards crumbles and soon 1/2 the homes are worth less than the paper tied to them all at inflated non realistic $$s. This is called "under water" But - in the back ground all the worthless paper is packaged into CBMS and floated on the market at the next level. Result? - everything starts tanking on a chain reaction and you get the recession/depression woes we have now.

Had lending been properly controlled and monitored the sub prime loans would not have gone through. Even the so called appraisers were winking because deals were happenijg so fast they'd use those invalid comps and the approvals kept happening.

This was NOT a market correction - it is a market catastrophy.

Look how much your home was worth in 2005 or 6 and compare to today.

What have you lost? Maybe you don't care. Maybe you didn't have nice real estate. I did and still do. and IF i had a better market position i could buy this bahia place or any one like it for frickin cash and go have a good time.

so yeah..... USA values ARE affecting Mexican RE deals. And so it is a buyers market.


what a load of right wing BS nonsense! you all are crazzy to place all or a majority of the blame on govt! the majority of blame lies with many: lenders and borrowers and middle men (mortgage brokers) and wall st that bought and sold mortgage paper like it was toy money.

The face of FRAUD

Ken Cooke - 11-11-2011 at 03:53 PM

djh - 11-11-2011 at 04:35 PM

Quote:
Originally posted by Bajaboy
Back on the topic of Papa Fernandez, do Larry and Marie still have places there?


How about you self appointed know everything political experts take it somewhere else and let Doug sell his house with this simple thread.... (ie sthu & take it to political or off topic fcol)


d

cj5orion - 11-11-2011 at 04:52 PM

this is a thread about a house for sale in baja !

Start your own political/banking/real estate/senator bashing thread !!!!!!!

:?::?::?::?:

DianaT - 11-11-2011 at 04:55 PM

Quote:
Originally posted by cj5orion
this is a thread about a house for sale in baja !

Start your own political/banking/real estate/senator bashing thread !!!!!!!

:?::?::?::?:


Yes, very good idea.

I still am curious as to if this is leased or titled land? Does anyone know?

Thanks

[Edited on 11-11-2011 by DianaT]

Bajaboy - 11-11-2011 at 04:59 PM

Quote:
Originally posted by DianaT
Quote:
Originally posted by cj5orion
this is a thread about a house for sale in baja !

Start your own political/banking/real estate/senator bashing thread !!!!!!!

:?::?::?::?:


Yes, very good idea.

I still am curious as to if this is leased or titled land? Does anyone know?

Thanks

[Edited on 11-11-2011 by DianaT]


Leased from Papa Fernandez family...good people. \

Cypress - 11-11-2011 at 05:08 PM

Ken Cooke, Yea. Social issues and politics are a bad mix.:(

capt. mike - 11-12-2011 at 08:22 AM

"So are you saying there should have been more regulation of the lending/banking industry"

No - not more. There were checks already in place - they just were not being enforced. Those charged with oversight failed in their duty.

This is a nice property. there - on topic. :light:

Bob H - 11-12-2011 at 09:11 AM

Quote:
Originally posted by cj5orion
thought he was a "fixture" there .

http://www.papafernandez.com/forsale.html


How much is the yearly lease?

Looks like a great property for the price.

Juanita - 11-12-2011 at 09:26 AM

Considering whose home this has been, the place will be one of the most ship-shape on the whole peninsula, and well-chosen for location.

bufeo - 11-12-2011 at 09:37 AM

Quote:
Originally posted by Juanita
Considering whose home this has been, the place will be one of the most ship-shape on the whole peninsula, and well-chosen for location.


That's the truth.

Allen R

Neal Johns - 11-12-2011 at 09:44 AM

Back on track:
I think it is a reasonable price for a really "turnkey" place. The long list of toys and improvements are worth many thousands of dollars and make it much more than just a "house for sale".

mcfez - 11-16-2011 at 12:29 PM

Quote:
Originally posted by Neal Johns
Back on track:
I think it is a reasonable price for a really "turnkey" place. The long list of toys and improvements are worth many thousands of dollars and make it much more than just a "house for sale".


You got that right! This is a perfect set up for the outdoors man/woman. One should visit this area to see it's GREAT advantages for a "get a way" spot.