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sylens
Senior Nomad
Posts: 584
Registered: 4-6-2005
Location: Ensenada
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Mood: ando bajando
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on the other hand
a house purchased two years ago in the chapultepec hills for 162K was recently appraised at 266K.
it's not just gringos purchasing here. lots of mexicans (especially from mexico city and tijuana) are buying locally.
lili
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rogerj1
Nomad
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Registered: 4-29-2004
Location: Gig Harbor, WA
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Just because a seller is "motivated" doesn't mean you're getting a great deal.
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Cypress
Elite Nomad
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Registered: 3-12-2006
Location: on the bayou
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Hidden costs can hit you right between the shoulder blades, might just knock the wind out of you and your bank account. Deep pockets are required to play the "Buy some Baja game".
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gibson
Banned
Posts: 250
Registered: 2-6-2007
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| Quote: | Originally posted by Cypress
Hidden costs can hit you right between the shoulder blades, might just knock the wind out of you and your bank account. Deep pockets are required to play the "Buy some Baja game". |
I don't get why a red-blooded good ol' boy from Hicksville, waving the red white & blue while your loverboy strums the banjo on that dere front
porch ... would really give a crap. ??
whaddup wit that buuubba
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Lee
Ultra Nomad
Posts: 3597
Registered: 10-2-2006
Location: High in the Colorado Rockies
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How deep?
| Quote: | Originally posted by Cypress
Hidden costs can hit you right between the shoulder blades, might just knock the wind out of you and your bank account. Deep pockets are required to play the "Buy some Baja game". |
Nothing against the Canadians (honest, Shari) but they started that game. Don't know where they get the money.
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The Gull
Super Nomad
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Location: Rancho Descanso, BCN
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In Cabo San Jose...La Jolla De Los Cabos Unit D-208. Could be dropping in value, but then again it appears to be unavailable for the next few months
from his rental calendar.
Does that mean you guys down there might be able to meet Briant Patterson and speak with him?
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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fulano
Banned
Posts: 496
Registered: 3-31-2008
Location: Ramona, CA
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Tijuana-Rosarito real estate sales down 50%
Down at the last sentence in this article it says:
"In the Tijuana-Rosarito tourist corridor alone, the sale of properties valued at up to US$500,000 dropped 50 percent over the past five months,
according to data from the association of tourism developers in that area."
http://www.diario.com.mx/nota.php?notaid=ec33ac08a2bdd1aa686...
[Edited on 6-2-2008 by fulano]
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wilderone
Ultra Nomad
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Registered: 2-9-2004
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"appraised" value? Wasn't that part of the RE meltdown equation? "Listed" prices? A house listed for 2-3 years for a particular price does not
dictate its value. "value" is what a willing buyer will pay to a willing seller. No sale - no value - just a number hanging out there. And if it is
such a great deal, why sell? Oh - bought on speculation? Wasn't that another factor in the RE meltdown? And now they're holding onto property they
don't want and can't use, looking for a willing Canadian.
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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gibson, Good question.
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Tiomiguel
Nomad
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Registered: 8-15-2006
Location: Ontario
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Beating up on Canadians
I agree we Canucks are going a little crazy, present company especially on purchases, but don't think we are going to take over for the Americans.
Remember that our whole country has less people than the State of California, ie. about 32 million people with most on the east coast. Alberta and
nearby Sasketchewan are booming due to oil and BC is struggling with lumber pricing. So the real estate market will not be held up by us on our own.
Our real estate market has taken a hit but nothing like the US because we did not really have the huge increases like they did in the US, except in
Alberta.
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oxxo
Banned
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Registered: 5-17-2006
Location: Wherever I am, I'm there
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Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by Bronco
I just love it when a real estate agent in Cabo talks about how the resorts are coming. I just continue to ponder where the infrastucture is to
support all this development. |
New developments in the Los Cabos area are being required to put in their own de-sal plant and sewage treatment plant.
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CaboRon
Ultra Nomad
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Location: The Valley of the Moon
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| Quote: | Originally posted by oxxo
| Quote: | Originally posted by Bronco
I just love it when a real estate agent in Cabo talks about how the resorts are coming. I just continue to ponder where the infrastucture is to
support all this development. |
New developments in the Los Cabos area are being required to put in their own de-sal plant and sewage treatment plant. |
I thought that had been required of the corridor hotels for several years now.
CaboRon
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Eugenio
Nomad
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Registered: 4-23-2008
Location: Navojoa, Son.
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| Quote: | Originally posted by fulano
| Quote: | Originally posted by CaboRon
And that's the reality ...
CaboRon |
Another dose of winthy's reality. Guess whose condo this is.
A 500k condo - easily flipable - with a hole in the wall air conditioner? Seriously - do the units down there not even have central air?
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CaboRon
Ultra Nomad
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Location: The Valley of the Moon
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| Quote: | Originally posted by Eugenio
| Quote: | Originally posted by fulano
| Quote: | Originally posted by CaboRon
And that's the reality ...
CaboRon |
Another dose of winthy's reality. Guess whose condo this is.
A 500k condo - easily flipable - with a hole in the wall air conditioner? Seriously - do the units down there not even have central air?
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Mini-Splits are really popular now, with a regulater in the room with an remote control, and the noisy (except for fan) compressor is outside with
only a two inch hose penetrating the wall ... A truly great product.
And , no, I don't sell them ...
CaboRon |
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
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Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by Eugenio
- with a hole in the wall air conditioner? Seriously - do the units down there not even have central air? |
My place came with central air. I ripped it out and put in those "hole in the wall" mini split air conditioners. Cut my summer energy bill in half!
Quiet, efficient,...I have become a fan of them. I put in three of them in so the casa can be zoned for comfort. I wouldn't own a place in Mexico
that had central air.....unless someone else was paying my electricity bill.
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Eugenio
Nomad
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Registered: 4-23-2008
Location: Navojoa, Son.
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Yes - thanks guys - minisplits are used here where I am - the unit in the picture just looked like a regular old window air conditioner - but it's
probably just my eyes - there must be different styles. Sorry for the lame question.
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CaboRon
Ultra Nomad
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Location: The Valley of the Moon
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Eugenio,
I am sure if it was in the window it was a old fashioned box unit.
CagoRon
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