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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
Member Is Offline
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| Quote: | Originally posted by udowinkler
Living in a large RV on a waterfront palapa is looking real good about now...HUH? |
YES!
DON\'T SQUINT! Give yer eyes a break!
Try holding down [control] key and toggle the [+ and -] keys
Viva Mulege!
Nomads\' Sunsets
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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| Quote: | Originally posted by Donjulio
| Quote: | Originally posted by bajabass
The timing for new activity on this thread is great. I hope I can find a reasonably good deal on a house or lot in Baja Sur in the next year or so.
Cruising craigslist, prices are all over the board. Need a trip down soon, to see a few places mentioned in threads here, and on craigslist.
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I think you are right on with this plan. I would wait until the end of 2010 and then go with cash. There are some at bottom price now but I think you
will find a lot more a year from now when people realize the economy isn't even close to turning around.
I think we are going to see people walking away from properties. They are already doing it in San Felipe. |
You folks ... well, what can I say.. cogent, to the point, and based in real time... you can't get that from a real estate broker, banker or read it
in a book..
Must agree about the about the overall trend with the economics however, money will continue to get "tighter" as who is going to have it... ???
There of course will be the very rich who will not be effectively impacted by the down turn, no jobs and a decrease in "public" services.. reduced
work hours by many Agencies.. saw just yesterday, that the Madera County Agricultural Commissioners Office was cutting at least two days a week out of
the "business hours" per week.. if farmers don't plant, and the tax base is reduced... that is what happens.. the Governor, bless his heart keeps
telling everyone "WE ARE BROKE".. but it seems there our a lot of folks out there that don't understand "BROKE' ... Well we will just charge it!!!
Maybe I was lucky to have been brought up by an Okie that went through the depression, not reading about it, but living it.. with NOTHING, no money,
no house, no car, no job, no welfare, out door plumbing, dirt floors and riding the rails at times looking for any work at all..
Was alwasy told to put some away for a rainy day.. never got to buy a boat, RV, big house, new car.. we always have been tight with a dollar..
Oh, yeah.. an old saying my Dad would give me when I wanted to buy something .. "Spend a nickel spend a dime, spending money is a CRIME".. a bit
different that todays.. "Shop till you drop" (no offense intended) just that's the way it's been for a while...
I'm sure things will get back to "normal" what ever that is.. but, the "VALUE" issue on propperty is something which was based in BS.. the numbers
developed by the Real Estate Industry started when women got college degrees and both husband and wife both were working.. causing the market to
"adjust" to higher and higher levels... and encourage by the Banking Industry through their "apprasial" process..
The disclamier in all apprasials is enough to make anyone with any brains say "what the hell" you tell me you don't know anything, your not an expert
in any thing, but this is the number.. PLEASE
This issue has been addressed before by Law and Regulations, with "enforcement from the SEC" .. who I have worked with on Bank audit's.. PLEASE...
they didn't have a clue.. and that was the way it was and most likely still is, as I don't think the Financial Industry has opened their collective
arms to redo how they make money and report it to the IRS and the share holders
We have all seen these numbers go HIGHER and HIGHER and based only on MODELS which serve to only allow greater equity to allow for MORE money to
churn, to build more commercial and more SFR and more shopping malls
Which creates a need to go "shop till you drop"...
It all works until, someone has to PAY for it....
Just my two cents..
Still say a used Power wagon with a camper or a horse sounds pretty good..would say no to an RV either, saw a Mexican guy talking to his girl in
Primo Tapio, he was in the street talking from his horse to his girl.. she was up the side of the hill on her porch .... shade of old Mexico.. I loved
it..
But, then I was brought up different
Please excuse my writing, I'm old, on med's and I was never too good at it.. took me 5 try's to pass English 50 when I went back to school .. was a
High School drop out, with a GED I got while in the Service..
Every time I put it up, I see glaring mistakes.. I'm doing the best I can, so be easy.. I rember I once posted to Russ to not sweat the small sh**,
but guess it's different when YOU put it up 
[Edited on 1-27-2010 by wessongroup]
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burra
Newbie
Posts: 9
Registered: 4-27-2009
Location: Cucamonga(CA)
Member Is Offline
Mood: Moody
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****************************************************
Originally posted by WESSONGROUP:
Please excuse my writing, I'm old, on med's and I was never too good at it.. took me 5 try's to pass English 50 when I went back to school .. was a
High School drop out, with a GED I got while in the Service..
****************************************************
Hey,I enjoy your posts.....grammar doesn't count for much when you write from the heart. I think we are a lot alike. My Uncle Mel showed me
Baja,starting in 1955 when I was 10. He was Okie also,and a great guy. I have an old photo of him as a lad of about 7 standing barefoot in front of
his soddy on the plains. He served in WWII and retired as a Fire Chief after 30 years service in a large CA city. Quite an accomplishment,quite a guy.
Well,this year I hope to find a lot at Bahia de Los Angeles to lease,sub-lease,share, or something. Just a place to park my trailer and a place
to park my butt. Maybe I'll post a 'want' on here.
I hope all goes as planned for both of us.
a Dios,
Bill
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Don Alley
Super Nomad
Posts: 1997
Registered: 12-4-2003
Location: Loreto
Member Is Offline
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I think many of the locals here in Loreto think that the current slump is just a passing thing, a result of a "perfect storm" of the flu outbreak, the
US economy, and the Loreto Bay bankruptcy. They think a rebound is on the way. Local government and private construction spending seems to bear that
out too. So, many prices, while down some, are still hovering at high levels, and many properties are being held off the market until anticipated big
capital gains can be realized.
My wild guess is that in a couple of years we'll see those prices drop substantially. I don't think things are going to improve that much here. Rumor
has it the sale of Loreto Bay, and a new low-cost airline in town, have fallen through. And I just recently bought a ticket for a flight to the states
for Paula. She'll fly out of Cabo: the Loreto/LAX connection alone was $800!
Loreto has priced itself as another Cancun, Cabo, Ixtapa. Ain't gonna happen for a long time.
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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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Plus, don't you think the drug war is scaring off a lot of people. Nomads know that BCS has been largely unaffected by the violence but the general
American public (I think) thinks that all of Mexico is dangerous.
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
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rico, it's better down here without a bunch of people. If I have to chip in to keep that view alive, after the next few beheadings I might just buy
some heads, have em sent down here on the bus, dumped where the news guys can find em.
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bajabass
Super Nomad
Posts: 2016
Registered: 10-4-2006
Location: La Paz,BCS
Member Is Offline
Mood: Want to fish!!!
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Donjulio
Nomad
Posts: 376
Registered: 5-19-2009
Member Is Offline
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San Felipe has gone down considerably. Lots at El Dorado Ranch that were $65,000 are now being sold for $10,000-15,000 with electric. They sold about
600 quarter acre and larger solar lots for $2000. Condos on the golf course dropped in half. There was just a lot sold in Dec. on the golf course side
for $29,000
Beachfront at the development I work for went from $325,000 down to a recently accepted offer of $90,000. We had 13 people that were financing their
lots that walked away a year ago.
I believe we are going to see more folks moving down here but I think we are going to see it in the less than $100,000 market.
We were a blue collar town that had white collar prices. We continuously told the developers that San Felipe didn't have the infrastructure to support
the prices they were asking. Now with the economy we are a light blue collar town.
Another thing we have to look at too. If I am going to retire and I have $300,000 to do it. Do I want to come to Mexico with all the bad press, buy a
place that is going to cost me $150,000 for a small house and live off the $150,000 I have left? With the market the way it is in places like Phx.,
which is still a retirement hotspot, I can buy a fairly new home for $75,000 right now plus have all the amenities of the city. If I buy somewhere
like Yuma, I have the great weather plus the less expensive medical costs and pharmacys 8 miles away.
Not only that I have an additional $75,000 that more than makes up for any difference in the cost of living. People will go where they feel safe. Yeah
they don't have the water but...
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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| Quote: | Originally posted by k-rico
Plus, don't you think the drug war is scaring off a lot of people. Nomads know that BCS has been largely unaffected by the violence but the general
American public (I think) thinks that all of Mexico is dangerous. |
Me, I think it is just an excuse.. most of those folks came down somewhat grudingly to Mexico.. I still hear in my mind.. well it's so dirty down
there.. the people, how can they live like that.. oh, I can't stand to look at those ugly shacks.. and that was from my side of the family when I
married my wife, a Mexican/Papago Indian over 40 years ago.. and to a large degree it hasn't changed that much... I know I will draw "flack" on this
but, it just my experience with how Mexican's are treated in the United States and how many in the United States view the Mexican people
I found this site through another call "City Data".. a young Mexican man was touting the postives of Mexico.. we had been looking for somewhere to go,
and we both said "what he heck have we been thinking"
The crap about the killings, and the rest was not even a consideration at ALL
That happens everywhere, I'm more concerned about bicycle riders on MEX1
Yeah, the drug deal is bad, but they have been running that across the border for as long as I can remember... what's the name of the "gulch" as you
come down the hill along the fence road?? they have been smuggling crap across the border for a long while and will continue.. it's a way to make
money!!
I certainly do not want to see anyone die, and crooks are crooks, but then what the difference between them and AIG, Bank of American, Enron, Keating,
Vista Mining and many others.. its all the same.. making money and someone gets hurts
Just my two cents, have at it.. I've been wrong so many times it doesn't hurt anymore
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