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tripledigitken
Ultra Nomad
Posts: 4848
Registered: 9-27-2006
Member Is Offline
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| Quote: | Originally posted by longlegsinlapaz
| Quote: | Originally posted by tripledigitken
When was the last time a Nomad sold their house in baja? |
Ken, I sold Casa #1 in 2005 & sold Casa #2 in 2007....you in the market for casa #3?  |
I remember you telling that story. Now, about #3, you're not going to build another house are you?
Ken
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mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
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| Quote: | Originally posted by Phil S
Amazing how different peple respond to an inquiry. I asked for "responses" of people who either have sold their home, or know someone who has 'first
hand'. I'm getting gnukid with a chamber of commerce commercial. mcfez talking condo's????
Fellow Nomads. Let's keep this inquiry 'simple' huh??????? |
'............mcfez talking condo's????
Who? Got your facts wrong.
"............What's your experience been? Like your own. Your relative. Your neighbor
"...What's your experience been?
'............But are there any houses selling in Baja?
Answered from seeing a hand full of sales in our campos and SF...with some side line information.
Oh....I got your question right.
I think you went off the road with your remark about me.
Here's what you post should had read like...
Seems prices are dropping in the past three or four years. But are there any houses selling in Baja? It's one thing to sell a house. But something
else when the seller gets the cash in his bank!!!
What's has your experience been from selling your own house or from having one of your relatives sell their house ?
Please include what area/town this sale derived from
Let's find the "hot spot"
Please ...no other information needed nor wanted.
[Edited on 3-17-2011 by mcfez]
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
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| Quote: | Originally posted by Phil S
mcfez. Full house apology here. Sorry about that. Woosh was talking about Rosarito Beach & I equate R.B. with condo's & timeshares. Re
read your first post, and what happen I think my 'elderly' mind switched & combined and edited & threw out something (I forget now what that
was) and then gnukid jumped in with all that crap, and next thing I know, I got confused & everything else went south. Again. Mcfez. Full house
apology here. I was going to edit out the thread due to the nature of the responses of the majority, but I'll wait a few more days & see what
turns up. Like for an example. four years ago I sold my home in Nopolo (not Loreto Bay) Long before they ever heard of Nopolo when I bought my
home/house/casa/abode??????My inquiry was only curiosity as to wanting to know where there might be some actrivity other than the "big cities". Guess
now I should have said that in the beginning. |
Full house apology ...I was doing that yesterday to someone here myself 
Apology is accepted ...takes a real man to say that. You are big.
I know....sometimes there's a gush of information comes in from A to Z when you only wanted A
Hey....who knows...there might be something that be helpful regardless.
[Edited on 3-17-2011 by mcfez]
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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mulegemichael
Super Nomad
Posts: 2310
Registered: 12-24-2007
Location: sequim,wa. and mulege
Member Is Offline
Mood: up on step
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seems to be quite a few houses selling here in mulege at this time...i guess that happens when a town gets a "stormless" year...we have lots of new
neighbors right now.
dyslexia is never having to say you\'re yrros.
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Bajatripper
Ultra Nomad
Posts: 3151
Registered: 3-20-2010
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| Quote: | Originally posted by bajajazz
Drug money looking for a place to go? Yes, I'll buy that. Daily, we see around us acres of shopping malls and hundreds if not thousands of dinky
houses and tacky condos under construction whose numbers far exceed the pool of ready, willing and qualified buyers, construction that is obviously
not market driven. What other explanation is there?
If there is some hard data to refute this theory I'd like to see it. Experience tells me that requests for provable sales statistics in BCS are
usually answered with fallacious BS designed to paint the rosiest of pictures. |
With apologies to Phil S, but perhaps now there is enough info here to give you an idea of what the real estate situation is down here--hard to pin
down. I'm with those who think that the hard facts you've requested are difficult to come by. But what IS obvious is that there is growth down here
that can't be explained by conventional market theory. And it probably wouldn't be too good of an idea to question with too much vigor those seemingly
rosy pictures in official releases.
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Bajatripper
Ultra Nomad
Posts: 3151
Registered: 3-20-2010
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| Quote: | Originally posted by longlegsinlapaz
On a totally Condo-free, Chamber of Commerce-free, I have never seen a time-share sales pusher in La Paz note
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Although I haven't heard it officially, a few years ago, someone in the industry told me that time shares are prohibited in La Paz. He said they have
them, but they can't market them as such, so they are forced to keep a lower profile. If that is the case, it's kind of nice, if you ask me.
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Bajatripper
Ultra Nomad
Posts: 3151
Registered: 3-20-2010
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| Quote: |
Ken, I sold Casa #1 in 2005 & sold Casa #2 in 2007....you in the market for casa #3? |
Sounds to me like someone's been doing a little laundry. Shhhh, I'll never tell
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Bajatripper
Ultra Nomad
Posts: 3151
Registered: 3-20-2010
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On a more to-the-point note, the wife and I went over to Todo Santos the day after the big earthquake to wave-watch. What I remember the most were all
of those fine new homes for sale over on the beach front. As someone else said above, it would seem to be a buyer's market. Since you expressed an
interest in being away from the big cities, you might try looking there.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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New house prices may have been dropping recently, but probably won't for long. Building supplies are going to be in increased demand soon as efforts
proceed to rebuild Japan. Plywood will be like gold.
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SteveD
Nomad
Posts: 106
Registered: 11-29-2007
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Last time I talked with a realitor in the Rosarito area, about 4 months ago, she said nothing was moving and it had been that way for a long time. A
few years ago lots of people were pulling equity out of their U.S. houses to buy condos in the area. Then the s**t hit the fan: their mortages went
upsided down and construstion stopped on all of the condos. How many "ghost" condos are there along the coast from south of TJ to Ensenada?
I've seen houses on the market for over a year and plenty of open houses on the weekends. However I don't have the numbers of how many are selling.
A new factor in this is us Baby Boomers. I've met two couples in the past few months that have now retired and are moving to Baja full time, selling
their U,.S. houses. Will the Baby Boomers be the next big group to come in?
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desertcpl
Super Nomad
Posts: 2405
Registered: 10-26-2008
Location: yuma,az
Member Is Offline
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for whats its worth, dont have alot of info.but a friend of mine, just bought a place south of Todos Santos,,
Pesdadero
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gnukid
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
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Anyone here who ever bought a house has a phone contact with a notario who is responsible for closures. That Notario has a contact at the Registro.
Call the Notario and ask them to call the registro and tell you how many registered closure of sales there were. The Notario should be able to make
the call while you are on the line and provide some feedback. The secretary may also provide information.
The notario wants to be helpful to you since you are their client. Try it, you are the client.
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bajamigo
Super Nomad
Posts: 1218
Registered: 6-17-2006
Location: Punta Banda, BC
Member Is Offline
Mood: hubimos llegado
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While we're on the line, how much time should we give the notario to concoct a number?
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gnukid
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
Member Is Offline
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| Quote: | Originally posted by bajamigo
While we're on the line, how much time should we give the notario to concoct a number?
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If you have no confidence in your relationship/contact with your notario then you are out of luck.
This isn't rocket science, there may in fact be a web page that notes current updates to the casa de registro.
You may use a variety of sources to gather data and make a reasonable conclusion based on the various sources of evidence you have.
Other valid yet simple sources of evidence could be: observed traffic, new paint, traffic at the INM etc... use your best sources and make your
assessment.
The method I described would be far more productive than insulting members of a travel adventure forum who are kind enough to reply.
You need to do your homework to get valid RE market information. It is extremely difficult to determine current market value, until the moment a sale
is completed.
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BajaGringo
Ultra Nomad
Posts: 3922
Registered: 8-24-2006
Location: La Chorera
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Mood: Let's have a BBQ!
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For what it's worth, I stopped in Rosarito yesterday on my drive down to see my old friend Willie Bautista who served as president of the Asociación
de Profesionales Inmobiliarios (APIR) en Rosarito for quite awhile until stepping down last year.
He tells me what we already knew - that sales are way down and only the real bargains are moving. He told me of two recent sales of his in the past
couple of months. The first was a very large home (4000+ sq ft / 6 BR) in a nice neighborhood that sold for $100K. The second was a recently remodeled
oceanfront in a private community that sold for $225,000.
Both sold for about a third of what they would have fetched five years ago and both were sold to local Mexican buyers.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by gnukid
It is extremely difficult to determine current market value, until the moment a sale is completed. |
That figure is derived from comparison. When there's nothing to compare it to....well, what are you left with?
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BajaGringo
Ultra Nomad
Posts: 3922
Registered: 8-24-2006
Location: La Chorera
Member Is Offline
Mood: Let's have a BBQ!
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by gnukid
It is extremely difficult to determine current market value, until the moment a sale is completed. |
That figure is derived from comparison. When there's nothing to compare it to....well, what are you left with? |
Happy hour???
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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 Woooosh
The cartels must still have plenty of cash to build with and a way to launder the money to do it. That's the only explanation I can come up with for
continuing construction on huge projects like NAOS in north Rosarito Beach when everything else is either stopped or empty awaiting buyers.
Yup Fez, three strikes for sure. A fourth strike (maybe they get four in Mexico) would be over-aggressive pricing to begin with. A fifth would be
the land title issues which got a lot of NOB press when people lost their retirement homes. |
Dear Fellow Nomads: I have been notified by Doug the above post has prompted the threat of legal action from NAOS. So much for free speech and
opinions on a Baja message board. For the record: I do not have any first hand knowledge that NAOS is using narco dollars for construction (although
that building site (El Oasis) certainly has a colorful past). I did not even say that they used narco-dollars in the above post. My point, which I
may have made clumsily, was that the laws of supply and demand are clearly not in play in Rosarito. The real estate market is years from absorbing
the existing inventory of unsold or unfinished condos, let alone explain the addition of new condo tower projects like NAOS when no market exists for
them in these challenging economic times everywhere, not just in Baja.
More likely NAOS and the other big local developers are upset I have donated the Federal Zone Concession our family holds to the City of Rosarito for
the new Malecon (boardwalk) project. Finance North America and Grupo Aries were both named in the video. Ramuma53's legal expert is working hard in
the Mexico City courts to remove people from the concession so construction can begin. I have not challenged the Grupo Aries tower that is next to
our concession, because it is none of our business. It is up to Rosarito to determine if it wants to build a boardwalk around an illegal condo tower
and leave a Trophy Tower to Corruption for everyone to mock.
http://www.youtube.com/watch?v=oCRflD9USro
As Ramuma53 has stated, the sh*t is about to hit the fan in Rosarito over land title issues that affect every potential investors' money in Rosarito
Beach . So again, for the record, I have no knowledge of where NAOS gets their money from, nor do I care.
Written from the safety of my Colorado home...
[Edited on 3-23-2011 by Woooosh]
\"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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mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
Member Is Offline
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Free speech? I dont even have that in my own household :-)
Sorry to hear that they threaten to cut you tongue out here.
When I first applied for my first ever ABC License.......it was assumed that all Night Clubs and Bars were owned or/and financed by drug dealers! The
back ground check was intense, and the "1000ft from the bar location" neighborhood investigation for approval was rude and crude. ABC actually
suggested to a motel owner that I was a member of the Hell's Angels.
To this day...I hear that Clubs in general, are owned by drug dealers!
[Edited on 3-23-2011 by mcfez]
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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lookingandbuying
Nomad
Posts: 102
Registered: 3-15-2010
Member Is Offline
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Jeez, let's get real
First of all you did not say that NAOS "was" or "is" involved with this type of money you merely compared the similar size of projects like them.
Second, do people that are involved with such a large project like that of NAOS REALLY monitor things that are said about their project on Baja
Nomands? As fast as that tower is going up you would think they have more things to worry about, like maybe finding buyers?
It is hard to see where you really said anything wrong and that they would be focusing on issues being discussed here. On this latter part, they and
the other condo developers would be better off spending their time looking for buyers...as they are a very very rare bird in Baja at the moment. If
you knew nothing about real estate activity in Baja and came to this thread it is so apparent about how much activity is happening, NADA.
We'll let you know when it is safe to come out of hiding. 
| Quote: | Originally posted by Woooosh
| Quote: | Originally posted by Woooosh
The cartels must still have plenty of cash to build with and a way to launder the money to do it. That's the only explanation I can come up with for
continuing construction on huge projects like NAOS in north Rosarito Beach when everything else is either stopped or empty awaiting buyers.
Yup Fez, three strikes for sure. A fourth strike (maybe they get four in Mexico) would be over-aggressive pricing to begin with. A fifth would be
the land title issues which got a lot of NOB press when people lost their retirement homes. |
Dear Fellow Nomads: I have been notified by Doug the above post has prompted the threat of legal action from NAOS. So much for free speech and
opinions on a Baja message board. For the record: I do not have any first hand knowledge that NAOS is using narco dollars for construction (although
that building site (El Oasis) certainly has a colorful past). I did not even say that they used narco-dollars in the above post. My point, which I
may have made clumsily, was that the laws of supply and demand are clearly not in play in Rosarito. The real estate market is years from absorbing
the existing inventory of unsold or unfinished condos, let alone explain the addition of new condo tower projects like NAOS when no market exists for
them in these challenging economic times everywhere, not just in Baja.
More likely NAOS and the other big local developers are upset I have donated the Federal Zone Concession our family holds to the City of Rosarito for
the new Malecon (boardwalk) project. Finance North America and Grupo Aries were both named in the video. Ramuma53's legal expert is working hard in
the Mexico City courts to remove people from the concession so construction can begin. I have not challenged the Grupo Aries tower that is next to
our concession, because it is none of our business. It is up to Rosarito to determine if it wants to build a boardwalk around an illegal condo tower
and leave a Trophy Tower to Corruption for everyone to mock.
http://www.youtube.com/watch?v=oCRflD9USro
As Ramuma53 has stated, the sh*t is about to hit the fan in Rosarito over land title issues that affect every potential investors' money in Rosarito
Beach . So again, for the record, I have no knowledge of where NAOS gets their money from, nor do I care.
Written from the safety of my Colorado home...
[Edited on 3-23-2011 by Woooosh] |
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