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capitolkat
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Comitan says La Paz and I agree-- still mostly Mexican but developing rapidly. Money Magazine in 2003 rated La Paz as one of the top 10 places to
retire in the world--small and large activity going on all around with some pressure on the local building trades, and land prices have been - not
creeping up but going up rapidly. The developer of one project in El Centenario advises that the value of lots purchased in the project have escalated
between 50-400% in the last two years but the project has water and sewer- electric is in and phones are on the way. Once the project is done and the
developer gets out of the way my opinion is that it will begin the journey to Pedregal status in La paz.
Now don't rip me for what is versus what used to be and the change degrades the quality of life etc. The question was about investment potential and
that's what I answered.
Norm
Life is too short to drink bad wine
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oldhippie
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I know most will think I'm crazy but I'd say authentic mexican and sustainable Las Playas de Tijuana. There's a few beach front lots still available
towards the south end and some beautiful houses are being built. 100K may get a lot. 20 minutes to the border, all modern services available, quiet
upscale beach community with good schools, hospitals, new shopping plaza, and prospective buyers include both Americans and Mexicans.
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backninedan
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Ed, lets get 365 people together, then we could share the wonderful authentic mexican village a day at a time.
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jerry
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when investing remember fees like
FM3
FIDIOS OR CORPORATION FORMING AND REPORTING
MEXICAN CAPITAL GAINS TAXES AND US TAXES ON FORGIEN INVESTMENTS
jerry and judi
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JZ
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| Quote: | Originally posted by capt. mike
JZ - ?? why Puerto citos??
bad road. junky looking palapas all over, no power......sure i have friends with spots there, but as an investment?? |
Not Puetocitos, more like around Gonzaga Bay. But it was just a first random thought. Tell me more about locations in Mulege.
[Edited on 6-13-2007 by JZ]
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oldhippie
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| Quote: | Originally posted by comitan
And most important, don't invest more than you can afford to lose. |
This is a popular notion, but I think out of date. Assuming you used a notario and a fideicomiso, and title insurance if you can get it, how could you
lose all you invested. Remember, no questions are stupid questions. Please explain.
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wilderone
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Invest? A big difference versus "spending." An investment would imply that you intend to get all your money back and additional capital gains. This
scenario would be based on an initial bargain purchase in the first place, well planned, efficient capital improvements, a developed "good will" if
that applies to a commercial venture, and a willing buyer. Factors to consider which would derail that scenario are: land is not worth what you paid
for it; inadequate insurance to cover fire, flood, title, or other loss which would totally wipe you out; quality construction with low rip-off
component; quality management and financial controls and low rip-off component; and of course, a no buyer who would want your business or property for
the price you need to sell it for, given the amount of money you've put into it.
Other places like Costa Rica and Panama beg for investors offering special incentives, and the land is still relatively cheap. Be sure to do your
homework - and beware the advice from chickencoopers on this Board (unless from a knowledgeable source like Bruce, et al.).
A project that has even me (a knee-jerk environmentalist) intrigued, is a small (I think 12 estate homes - and by "estate" I mean lot size, not
mansions), project in the Guadalupe Valley wine country. It would be the perfect combination of peace, quiet, rural, agricultural, AUTHENTIC Mexican,
close enough to the beach and big city Ensenada or US, not too hot in the summer, not much outlay to get to frequently, vineyard views. And IMHO, I
think El Rosario has a lot of room to grow and will become an important destination for those seeking to get past Ensenada on a 2-3 day Mexican
adventure. I read on Lonely Planet travel forum, people from all over the world come to So. California on vacation, and want to go to Mexico for 2-3
days just to experience a little of Baja CA. It's bus ride convenient, has decent accommodations and food, but needs maybe some local transportation
or tourist guide service to see some of the nearby sites. Advertising for local panga fishing, diving locales; a bar or two with evening music.
Roast pig dinners once a month under a palapa? Now there's an investment!!
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El Camote
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Regarding south of Puertecitos, looks like the famous "16 mile house" (as we call it) on the cliffs is for sale along with some other large parcels in
the area. Not too specific about locations and prices though. If I had the dough-re-mi and could sit on it for a few years, I wouldn't hesitate on
some dirt in this area...
http://www.desertmother.net/listings/listing3.html
Since they're listing so much property in the Gonzaga area, you think they'd learn how to spell it on their website listings. 
...wait a minute, did I spell Puertecitos correctly? 
[Edited on 6-13-2007 by El Camote]
Knowledge is good. - Emil Faber
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Lee
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La Paz or Todos Santos and Pescadero...
First, forget about BCN. Winter there is the same as SoCal. It doesn't warm up until the 28th Parallel.
Definitely La Paz. It's a great town, great weather and great people. Oh, did I say great restaurants. Great diving and fishing and kayaking.
Check it out.
If the Sea of Cortez doesn't work, try TS and Pescadero. I have land in Las Tunas, a few miles North of town, and am thinking of putting about 2
lots (3,000 m2 total) on the market. Check with my agent http://www.todossantosguide.com/realestate/pescaderoproperti... Power, water, view, walk to the beach.
BCS and BCN is like NorCal and SoCal. Night and day.
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oldhippie
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| Quote: | Originally posted by comitan
No explanation really necessary except that you are in a Foreign country........... |
So let me get this straight, when a Canadian moves to a foreign country, say the United States, and buys property they stand a more of a chance of
losing everything than an American would?
I think I've just proved your explanation is bogus. So, do you want to try another explanation of why someone buying property in Mexico should be
prepared to lose everything?
[Edited on 6-13-2007 by oldhippie]
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comitan
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Sir oldhippie I have deleted all of my posts on this thread because I am commenting on something I know nothing about. I therefore have let you have
the last word.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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Lee
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Commitan makes a point.
| Quote: | Originally posted by comitan
Sir oldhippie I have deleted all of my posts on this thread because I am commenting on something I know nothing about. I therefore have let you have
the last word. |
I'd say it's possible, but not probable, that anything like the Ensenada confiscation will ever take place in Baja again.
At least those with FM3s might stand a chance of not losing RE if there were a revolution of some sorts.
Maybe what's being said, also, is that foreigner's have no rights. I would agree with that. Not totally but that statement is true in part.
Eh?
US Marines: providing enemies of America an opportunity to die for their country since 1775.
What I say before any important decision.
F*ck it.
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capt. mike
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Lee - i love your area and property...............but it needs a GA airport we can use before i'd buy any.
with one in place i'd buy right a way, great micro climate.
but i gotta be able to get in and out sans driving for several trips a year. 
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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oldhippie
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comitan, pretty cool, you seem like a guy I could learn from.
Lee, not that I'm a big fan of Donald Trump but he has made a few pesos on real estate investment. Trump Baja is about 10 miles south of playas de
tijuana. There is value in a warm climate like you suggest, but there is also value in being able to drive to Southern California for a day. Tecate
and the wine country between Tecate and Ensenada are also becoming popular as the coastal strip between TJ and Ensenada already is. For investment
purposes northern BC can be a good bet. Not everybody is looking for a beach to go swimming.
You invested down there and made a good investment. I think I also did by investing up here.
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SDRonni
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Comitan: Folks "invest" in real estate in Baja in different areas for different reasons. We invested in Las Olas Mar Y Sol, three miles south of the
Trump property in Baja Norte. We got much more for our money than Trump is offering, PLUS we are on a beautiful, wide sandy beach, whereas Trump's
property is on a rocky point. We chose this area because we live in San Diego and can get to our vacation home in 45 minutes door-to-door...no
airfare or long drive needed! Though the weather IS much like So. Cal., what the heck is wrong with that? Except that, yes, the water is cold. We
are retired, so this is a perfect fit for us. We are looking at our "investment" primarily as something for US to enjoy....if the value increases,
so much the better, but we have gone into it with our personal enjoyment as the primary goal, not to make a killing financially. Check out www.lasolasdevelopments.com if you are interested in seeing all the Las Olas properties. FYI, our project is taking longer than originally
predicted (surprise, surprise!), but we are anxious and excited about sitting on that balcony, margarita in hand and watching a beautiful sunset over
the Coronado Islands. And, if you do choose Baja Norte, be sure to get a SENTRI pass! Five minutes to cross the border yesterday afternoon. Gotta
love it!
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Cypress
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Any money I spend in Baja will be in the "enjoyment" catagory. But most
of the money I ever spent has been in that catagory. Buying or doing
anything as an investment takes the fun out of it.
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aquaholic
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...it's already been mentioned, but there is a difference in "buying" a house and "investing" in real estate. My house on the Bay was never viewed as
an investment to be held for a certain amount of time, but it has appreciated nicely. My thoughts of an investment are of a property that is a
non-residence.
That being said, no one has mentioned what you can purchase for $100K in the areas that have been suggested. While I was in the Mulege area this
spring, I was shocked to see what had happened to the prices. I don't think you could buy a waterfront lot anywhere around Mulege-Chivato-Concepcion
Bay for under $100K. Any ideas what that amount would buy in the other areas mentioned..???
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Cypress
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Do you really want to consider everything in terms of it being an "investment? If
so, you're gonna be disappointed.
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rpleger
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La Paz. Key word is investment.
Richard on the Hill
*ABROAD*, adj. At war with savages and idiots. To be a Frenchman abroad is to
be miserable; to be an American abroad is to make others miserable.
-- Ambrose Bierce, _The Enlarged Devil\'s Dictionary_
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SDRonni
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There are some developments on the east side of Hwy. 1 just north of Rosarito that, I believe, are in the low $100,000 range....the longer you wait,
the higher the price......unless the tides turn like they have here in San Diego....prices have leveled off, but not dropped much....
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