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Author: Subject: It's Official, it's Fadesa in Loreto
Crusoe
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[*] posted on 5-29-2007 at 07:27 PM


AND........ Dennis........It really didnt make any difference to us kids in those days. It was the "Aloha" spirit...... There was plenty for everyone...... Life was good... and we could buy a gallon "Red Mountain" for $1.49 cts.( to hell with Trader Joes 2 buck Chuck) Red Mountain was better stuff, and a six pack of " Busch Bavarian1/2 qts." for 79 cts...... and a dozen day old Winchell's doughnuts for 25 cts. ,and a 16 oz.jar of Skippy peanut butter for 25 cents, and some old foul cans of tuna and cheap white bread and you were good to go and live on the beach anywhere between San Diego and Oregon. .......No people in those days......Play with the young wild and crazy women and feel like a millionare. Now all these kids aspire to Hummers. Sorry for the rant!!!!!! I just had to much fun!!! ++C++:D:D
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capt. mike
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[*] posted on 5-30-2007 at 04:33 AM


the stated scope is laughable, 4 frickin golf courses?! get real!
must be a lot of gullable euros about they can hood wink into deposits.
hell, the Spaniards are as goofy as the Mexicans politicos who pronounce unrealistic developments....aka the Nautical Escalera et al...:lol::lol::lol:




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[*] posted on 5-30-2007 at 05:33 AM


We shall see!! In the 20+ years we've been visiting San Bruno, we've seen this area change almost yearly. The whole area is one LARGE flood plain, constantly changing. The north beach, after last summer, was almost no longer a beach. The estero on one side, and the ocean on the other had reclaimed most of this long, sandy beach. Access to the beach was cut off by a tidal cut. The south beach likewise has changed dramaticly, year to year. The esteros, yeah, they never change-right. The whole area from the hwy. to the beach(almost 4 miles)is a giant 3 dozen vados. We shall see.
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[*] posted on 5-30-2007 at 07:57 AM


kBob & Jane. Your sure right about "change". I've been visiting San Bruno for about 15 years. It's at mp26 I believe. Junction is where the military check point is located. I was surprised to see the road fenced almost all the way to the beach???????? Anyone know who actually put up the fence? Also looks like someone is cultivating & growing something besides 'pot' in that area. Maybe it's for the future workers who will be there. Probably add another 1,500 workers into that area. I do swear that the blamed peninsula will break off one of these days somewhere south of Guerro Negro:lol::lol::lol::lol:
Loreto Bay must be happy to hear about these developments. Will take the pressure off them for a while. Maybe a diversionary effort on their part. Maybe Loreto Bay is doing it under the name of other companies????
Maybe with Fonatur money behind it????? Nutin' funny about this!!! I can imagine what it will be like trying to drive down to Loreto in the future with all the "new owners" driving their vehicles down pulling trailers of furniture.
Might require another border crossing just to handle that traffic alone. Thought of flying down is beginning to maybe make more sense. Though I HATE FLYING> geeezzzz!!!!! :(:(:(:(:(:(:(:(
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[*] posted on 5-30-2007 at 08:27 AM


This developer has 4 Mexican projects going at the same time. Ambitious folks.

"the luxury market of mainly North Americans and Canadians, known as snowbirds: people with high spending power looking for a second home"

That confuses me. Aren't most "snowbirds" retired folks? From what I've read the retiring baby boomers are a sorry lot when it comes to retirement funding. A "second" home and luxury hotel vacations are both extravagant things for people on a fixed income, especially when you now need to plan on living to you're 85 or so. Reality will set in and these folks will stay home with a warm fire in the fireplace and their money in safe bonds producing income. In fact, recent surveys indicate that the southward migration like the boomer's parents did to Florida is not on the agenda for most boomers.

I think these folks are betting on something that's not going to happen.
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[*] posted on 5-30-2007 at 08:34 AM


Oh yeah, I forgot one thing. There's only one direction the inflation rate is going to go from here - up. That's going to hurt.

Strange, I never thought I'd think that inflation is a good thing. But now I'm hoping for a wrecked economy so these developers fail.
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elizabeth
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[*] posted on 5-30-2007 at 08:42 AM


Quote:
Originally posted by The Sculpin
Here is more on Fadesa, and their website

http://www.fadesa.es/index2.php?idioma=1



FADESA WILL BUILD THE LARGEST HOLIDAY RESORT IN THE COMPANY’S HISTORY IN MEXICO

La Coruña, 28th May 2007.- FADESA Group will build what it will be its largest holiday resort in the Mexican State of Baja California Sur: Loreto Paraíso, a resort of considerable scope on the Sea of Cortez (Pacific Ocean), in which it will invest around 4,000 million Euros.



There might be some hope here...if they think the Sea of Cortez and the Pacific Ocean are the same, they might be lost.

I can't imagine that between this place and LB that there are enough people who want to live in an area that doesn't exactly have ideal vacation weather most of the year. One of the reasons we chose Loreto years ago, was because we figured the weather wouldn't be appealing to the masses!!!! So much for that plan.
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capt. mike
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lol.gif posted on 5-30-2007 at 03:06 PM
ha!! old hippie, you obviously have not a


Quote:
Originally posted by oldhippie
This developer has 4 Mexican projects going at the same time. Ambitious folks.

"the luxury market of mainly North Americans and Canadians, known as snowbirds: people with high spending power looking for a second home"

That confuses me. Aren't most "snowbirds" retired folks? From what I've read the retiring baby boomers are a sorry lot when it comes to retirement funding. A "second" home and luxury hotel vacations are both extravagant things for people on a fixed income, especially when you now need to plan on living to you're 85 or so. Reality will set in and these folks will stay home with a warm fire in the fireplace and their money in safe bonds producing income. In fact, recent surveys indicate that the southward migration like the boomer's parents did to Florida is not on the agenda for most boomers.

I think these folks are betting on something that's not going to happen.


clue when it comes to finances and how to retire...........
your assumptions about how BBers plan and manage $$
are laughable - maybe its the way you do it?!
i still work, sometimes..:lol: and i have a TON of friends and assoc that either are retired late 40s and 50s or have situated themselves so that they can choose to work whenever they want to, or not at all.
none of them draw Social dole yet, a few have pensions licked in they earned - all are savvey $$ managers and investors.

and wishing ill economy to halt progress? - great, you show your colors...that's so very common of the left agenda when they can't make things happen for themselves, they want everyone to suffer alike.

attitudes like yours claim your own sooner or later - bunch of failing marooons.:moon:




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The Sculpin
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[*] posted on 5-30-2007 at 04:09 PM


I'm heavy in real estate.....I don't mind inflation! It's not necessarily a good thing, but I'm certainly not hurt by it. Bond investors shouldn't be hurt by it either as long as they keep their portfolio fresh. The increase in interest rates should hedge their yield, and when the market turns, they're holding high interest bonds that will be cashed out at a premium. Not bad!
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[*] posted on 5-30-2007 at 05:21 PM


Quote:
Originally posted by capt. mike
ok, i know just where that place is! flew right over it last month bringing a patient back to mulege from la paz hospital. my right seater spotted it and asked me what it was - i didn't know and didn't have a ref map with me.
that bay is gorgeous!! there were campers and moored sail boats about, a perfect place for a resort.
i'll watch this one to see what becomes.


Quote:
Originally posted by capt. mike
...attitudes like yours claim your own sooner or later - bunch of failing marooons.


So, you just fly over and pronounce it a "perfect place for a resort." :rolleyes::lol:

By the way, based on your description you were looking at San Basilio and San Juanico to the north.

Maybe the Spaniards are lost too.:biggrin:




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capt. mike
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[*] posted on 5-30-2007 at 06:34 PM


"So, you just fly over and pronounce it a "perfect place for a resort." sayeth Sr. Alley...


sure!! how do you think i find my spec lots?!
:lol::lol::lol:

and yeah.............i have been lost many times, part of the fun doncha know!:o:?:




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[*] posted on 5-30-2007 at 07:11 PM


I find it interesting that people with excess money and who speculate in real estate then complain about what other people with even more money want to do to increase their fortunes, that is, speculate with their larger investesments on even larger development projects (for example Loreto Bay and Loreto Paraiso).

It appears that the rich don't like it when the mega-rich are getting richer. Is it because the richer one gets, and the larger the development one plans, the smarter one gets? People with the most money are the smartest then? Is this all about envy then?

I also find it interesting that people who have other values than money are called marooons. I qualify as a marooon then. It also follows then that people with less money than outfits like Fadesa, are also marooons. Investors in Fadesa want to retire in their 30's. They must think that people who invested poorly in lesser projects and couldn't retire until the 40's and 50's are marooons, too.

I will now await for some angry replies. Please remember I'm a marooon.

--Amir
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[*] posted on 5-30-2007 at 07:30 PM


Amir,

The right wing vilify those not very rich as inferior, unimportant and therefore not worthy of existing, and certainly not entitled to any sort of help. They also vilify people with advance college degrees as "elitist". That should tell you something about the IQ in that gene pool. They are also easily identifiable by their signature......name calling.

The comedian, Stephen Wright says, "The trouble with the gene pool is that there are no lifeguards".

:yes:




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Worldtraveller
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[*] posted on 6-1-2007 at 11:47 PM


When is construction expected to start on this Fadesa project?
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capt. mike
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[*] posted on 6-2-2007 at 05:57 AM


ha!! likely after they've pre-sold most of the lots and taken the money out.....they'll get the obligatory big entry arch built and then.......tanksville.



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[*] posted on 6-2-2007 at 07:36 AM


Amil, Please add me to the "marooon" list. The pot at the end of the rainbow, at least to me, is the road to enlightenment, not the bank. CaboRon :cool:



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[*] posted on 6-2-2007 at 07:38 AM


Sorry about the mispell of your name Amir. Keep the faith. CaboRon



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[*] posted on 6-3-2007 at 02:01 PM


I thank the Good Lord that I wa able to enjoy 37 years on the Sea of Cortez and Loreto. That also includes the beautifull Beachs from Loreto to Conception!
For those Real Estate Investors, look a little further North, there is already a Large Cinder Block Structure{Catherall} Buliding ready to be Occupied, a Road built, Iron Gates across the entrance. Build my a group of Canadains in a Commune where 5 White Spanish Guys were Breeding Several White Ladies where the Kids were all Slim and Blonde.
It is strange how this part of the recent Loreto History does not seem to be talked about, or Known about on this Board. Would make for a good Book!

Mike: Do you know about the Hot Water Area just North of Basillo. Gets to 105 Degrees and the Lobster near are nearly White.

Skeet/Loreto
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[*] posted on 6-3-2007 at 03:26 PM


i like inflation.s i too have propertys and inflation lets me pay them off with cheaper dollars
but then early retirement and money is usally had by doers
not people who are trying to stop them (excepty lefty lawers) lol :lol::lol::lol:




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[*] posted on 6-3-2007 at 04:47 PM
History


Skeet:

I'd like to know more about this "recent history". Can you refer me to a source, please.

T
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