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lingililingili
Nomad
Posts: 449
Registered: 2-24-2008
Location: La Paz, Bahia Asuncion
Member Is Offline
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Our internet sales are waaay down, guess people are not thinking about shower heads and towels right now! I expect things are going to get better,
they always do............right?
•Life is just one damned thing after another
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Iflyfish
Ultra Nomad
Posts: 3747
Registered: 10-17-2006
Member Is Offline
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We are retired and liking our wounds. Every ones ox will be gored in this one! We are hunkered down and waiting to see how the smoke clears.
Iflyfish
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Iflyfish
Ultra Nomad
Posts: 3747
Registered: 10-17-2006
Member Is Offline
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We are licking our wounds, not liking them, that would be masochistic and we are both whimps when it comes to pain.
Iflyfish
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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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I'm transferring more dollars into my Mexico account. The exchange rate is almost 11.
The financial problem is global. The World financial markets have the same exposure to these toxic securities- they just aren't talking about them
yet. They will. They are all badmouthing the USA (for turning it's back on capitallism) right now, waiting for the USA to bail the whole lot of them
out. If congress stalls a few more weeks- they will have to bail themselves out first. With half of congress up for re-election in five weeks and
the public running 30-1 against any bailout- it'll get very interesting and IMHO nothing will happen in congress. Bush will have to fudge a
workaround.
I don't know what the impact will be on Mexican banks. Any nomads have an insights to share?
[Edited on 9-30-2008 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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David K
Honored Nomad
Posts: 64859
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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| Quote: | Originally posted by 2-tie-dye-4
I am a bartender in a tourist town, and I can see the drop in tourism, the bars and restaurants are still doing ok, but the other merchants are
suffering. A lot of shops are having to close. I'm seeing a lot more European tourists, I think because their dollar is worth more in the States so
it offsets the plane ticket. |
I hope The Haunted Hamburger will still be open next time we pass through! What a view!
Anyway... the economy always goes in cycles... makes adjustments... strong years then lean years. Dropped over 700 points yesterday, but up 200
already this morning... Personally, I still have irrigation estimates to do this week and one drip system to install today... So far, so good...
[Edited on 9-30-2008 by David K]
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
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Ox goring and wound licking are time consuming. What's next? Iusedtoflyfish?
The Osprey is doing fine in little old Mexican village land. I'll be in good shape as long as no one in congress is allowed to utter the words Social
Security (not even in their sleep) lest they spark an old people revolt. Can you imagine 10 million of us shuffling up Pennsylvania Ave. with our
walkers? Not a pretty site. Probably bust out the DC garbage brigade just from having to collect our used colostomy bags, Pampers, Depends and Tucks.
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by Osprey
collect our used colostomy bags, Pampers, Depends and Tucks. |
In the trade, those items are euphemistically called "products."
[Edited on 9-30-2008 by oxxo]
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Barry A.
Select Nomad
Posts: 10007
Registered: 11-30-2003
Location: Redding, Northern CA
Member Is Offline
Mood: optimistic
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-------we have lost about 20% of our net worth on paper. I am confidant it WILL come back, tho, in time.
We went out to dinner last Sat. night in little ol Redding, CA (pop about 90K) at the OLIVE GARDEN-------there was a 30 min. wait to get in so we
moved on-------all the restaurants were jammed, so we went on home and ate soup and crackers.
Apparently all these folks eating out don't know that they are "hurting", or they are taking an "On the Beach" attitude, and just blowing their last
remaining bucks---(??)----before they die.
Who really knows. It IS a buying opportunity, tho.
Barry
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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for those who are scared
don't worry, the gov't will save you.
those who are not scared, read previous line
   
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
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For those living in Baja and wanting to make some money in Pesos- Watch the 28 Day Note market and the Interest it is Paying.
Also if you have the right connection in La Paz you can find out ahead of time when the Devaluation is going to happen.
I think it is time to watch the Peso Rise to a Higher Level.
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BajaNuts
Super Nomad
Posts: 1085
Registered: 5-11-2008
Location: eastern WA, the DRY side
Member Is Offline
Mood: no worry, no hurry....it's all good!
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muchas gracias to all who have posted. It is helpful and insightful to hear a little snippet of real life about an important topic, and especially
when real life is not what the media portrays.
We live in a very rural area of WA (the nearest  Wal-mart is 45 miles away, over a 4000 ft high mountain pass....Thank Goodness!!!!) but our
previous lives were in more populated areas. It's sometimes hard to get an acccurate perspective on things when the only input we have is the daily
news...........which is always negative!
Hopefully others will still want to post-
Thanks again...
BN1
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Cajones
Banned
Posts: 81
Registered: 9-13-2008
Member Is Offline
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| Quote: | Originally posted by Woooosh
With half of congress up for re-election in five weeks and the public running 30-1 against any bailout- it'll get very interesting and IMHO nothing
will happen in congress. Bush will have to fudge a workaround. |
The entire House of Representatives stands for election every two years and 1/3 of the Senate. All told, 87% of Congress will be up for election in
November...435 Congressmen and 33 Senators.
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Cajones
Banned
Posts: 81
Registered: 9-13-2008
Member Is Offline
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Things are so bad in TJ that most of those mixteca indian beggars with their kids who run up down selling chicles have picked up and moved down to
Rosarito and Popotla.
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Skip_Mac
Nomad
Posts: 102
Registered: 4-25-2008
Member Is Offline
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Economy, What economy? Sadly my current career is dependent on commercial properties changing hands or being refinanced. Disaster for me, my
subordinate laid off. Me taking weeks off without pay to help keep the company cash flow positive... Sadly those weeks cannot be translated to Baja
trips without cash (sparse resource) outlay.
Perhaps I should shop my abilities back to the gold mining industry (but they are slave driving, hire and fire, typical Alta America corporations...No
security there.
Mexico does look interesting. I would pose a question to any economically minded Nomads living in Baja.
That is, Can you give me a reasonable estimate of day to day living costs in your location. Oh, yes, all your individual specific conditions will be
highly variable (retirement programs, medical, whether or not you could finance your residence from an USA sale of property. I am not proposing that
you reveal all your financial info...But I am curious... what doesw it cost YOU ( presumably a USA citizen) to live in the Baja of Mexico.
Anyone care to comment. No Judgement, No agenda, just curious.
Gracias, Nomad Amigos.
If any of you have any problem/issue with this proposal...no problem.. I really have no agenda... Objections/Suggestion are cool.
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wornout
Senior Nomad
Posts: 595
Registered: 10-24-2004
Location: San Felipe, Baja California
Member Is Offline
Mood: No Bad Days
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| Quote: | Originally posted by Cajones
| Quote: | Originally posted by Woooosh
With half of congress up for re-election in five weeks and the public running 30-1 against any bailout- it'll get very interesting and IMHO nothing
will happen in congress. Bush will have to fudge a workaround. |
The entire House of Representatives stands for election every two years and 1/3 of the Senate. All told, 87% of Congress will be up for election in
November...435 Congressmen and 33 Senators. |
That is GREAT news. Now if we can get get the 'VOTE ALL INCUMBENTS OUT' movement going/ Life can be good again in the old country, which of course
improves life in Baja. 9% approval rating, will they ever learn or should I say when will we learn to dump them every election if they keep this up.
And, I mean there is enough shame in both parties!
Oh yea, to keep back on topic, the economy doesn't really hurt that bad for us retired folks, on Social Security and without mortgages, who get more
pesos at the exchange. Of course it takes more to buy what less bought before. Glad the house is paid off, I lost my retirement at Enron so I don't
worry anymore.
This Space Available, E-Mail Me If Interested.
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slimshady
Nomad
Posts: 291
Registered: 9-3-2008
Member Is Offline
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MAYBE CONSTRUCTION COSTS WILL FINALLY COME DOWN.
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fishbuck
Banned
Posts: 5318
Registered: 8-31-2006
Member Is Offline
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| Quote: | Originally posted by slimshady
MAYBE CONSTRUCTION COSTS WILL FINALLY COME DOWN. |
Ya, and I'm looking for good deals on property
"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.
A clever person solves a problem. A wise person avoids it. – Albert Einstein
"Life's a Beach... and then you Fly!" Fishbuck
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dao45
Junior Nomad
Posts: 93
Registered: 5-21-2007
Member Is Offline
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David K next time you come through jerome I would love to buy you a drink
AKA Rodorado
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
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This is a good time not to have any assets. In Baja Sur, in these little villages there are no homes with mortgages (yet). So we might as well be
living in caves. No debt, no sweat. That one thing is the billion percent difference between a free and easy tropical lifestyle and staying put in the
U.S. and having to struggle with the problems attendant to a home, a nest. We spend every centavo we get from the ATMs, hope it's enough -- people
living in caves can weather big storms; they just need some rice and beans and hope and we got plenty of those things.
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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| Quote: | Originally posted by Skip_Mac
Economy, What economy? Sadly my current career is dependent on commercial properties changing hands or being refinanced. Disaster for me, my
subordinate laid off. Me taking weeks off without pay to help keep the company cash flow positive... Sadly those weeks cannot be translated to Baja
trips without cash (sparse resource) outlay.
Perhaps I should shop my abilities back to the gold mining industry (but they are slave driving, hire and fire, typical Alta America corporations...No
security there.
Mexico does look interesting. I would pose a question to any economically minded Nomads living in Baja.
That is, Can you give me a reasonable estimate of day to day living costs in your location. Oh, yes, all your individual specific conditions will be
highly variable (retirement programs, medical, whether or not you could finance your residence from an USA sale of property. I am not proposing that
you reveal all your financial info...But I am curious... what doesw it cost YOU ( presumably a USA citizen) to live in the Baja of Mexico.
Anyone care to comment. No Judgement, No agenda, just curious.
Gracias, Nomad Amigos.
If any of you have any problem/issue with this proposal...no problem.. I really have no agenda... Objections/Suggestion are cool.
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I know a woman in San Carlos, Sonora who is living on 1100.00/month social security and she does NOT own her home. She rents. She has done this for
many years. She owns a car. I dont think her social life is very active, though. Drinking and dining out is where you gotta watch it.
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