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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by TBcountry if people weren't so scared off by news reports maybe they could have a nice CHEAPER vacation on the beach in
the Rosarito area. Where on the California coast line can you get a nice 2-3 bdrm condo for 1-2 hundred dollars a night??? NO WHERE
Tom |
Try VRBO.com, homeaway.com and any other website by owners. where you can find condo deals much better than that in CA and FL, and the carribean.
Mexico does everything is can to complain about tourist numbers being down- but hasn't made baja a financial bargain comparatively. They offer ways
to cross the border faster, but not cheaper with deep discounts. That goes for sales as well as rentals. Torres complains there are 3500 unsold
condos- but at what inflated price?
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
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Exactly
| Quote: | Originally posted by TBcountry
I don't go to Watts at 2am so what makes you think I'll go to Tijuana in middle of night? |
It makes you wonder why, unlike Tijuana, the people of Watts aren't complaining. 
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k-rico
Super Nomad
Posts: 2079
Registered: 7-10-2008
Location: Playas de Tijuana
Member Is Offline
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"Baja's proximity — the slim, 800-mile-long finger of land extends south from the California-Mexico border — also attracts Americans who are more
fearful about venturing far in the post-Sept. 11 world, say real estate agents including Gustavo Torres, who works in Northern Baja's Rosarito Beach,
a one-hour drive south of San Diego.
Torres says his firm, ReMax, sells 10-20 properties a week. "Sales here have quadrupled in the last two years," he says. Prices have risen 15%-20% a
year. About one-quarter of the 55,000 residents in Rosarito today are Americans. He predicts the next hot area will be Ensenada, an hour's drive south
down the coast. Loreto, about halfway down the peninsula, he adds, "is what the future is all about."
just a few short years ago
"When there's blood in the streets, buy real estate."
It will come back.
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by k-rico
"When there's blood in the streets, buy real estate."
It will come back. |
Thanks for the blast from the economic past. If will come back- but it will come back for owner/occupants first- for specualtors and investors much
later- maybe not for 10 years.
IMHO- the people who have money to risk in any real estate enterprise today are feeding on US forclosures right now, and will be for a few more years.
It will take much longer to trickle down to baja. It's safer to speculate stateside where you have acccess to economic market data you can't get
down here. Baja will still attract people for permanent retirement homes- but I don't think people will be buying two or three as investments as they
did during the boom for a long time.
I posted beofre that Rosarito Beach never made itself easy to love. That goes from a real estate perspective too. There was adequate time during the
boom to better regulate the real estate industry. Not doing that was a mistake they will long regret.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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MrBillM
Platinum Nomad
Posts: 21656
Registered: 8-20-2003
Location: Out and About
Member Is Offline
Mood: It's a Zip-a-Dee-Doo-Dah Day
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Mexico Under Siege !!
That's the title of the L.A. Times series of Front-Page articles.
The latest one with THAT title was about the Drug-Smuggling problem in BRITISH COLUMBIA.
I thought that was funny.
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