makana.gabriel
Nomad
Posts: 115
Registered: 1-10-2008
Location: Honolulu
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Observations on MX resort real estate
http://mexidata.info/id2135.html
FAITH sees the invisible, believes the incredible, and receives the impossible!
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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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."
\"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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gnukid
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
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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.
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dtbushpilot
Ultra Nomad
Posts: 3296
Registered: 1-11-2007
Location: Buena Vista BCS
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Mood: Tranquilo
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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
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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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.
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
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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?
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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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.
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