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El Jefe
Super Nomad
Posts: 1027
Registered: 10-27-2003
Location: South East Cape
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Quote: Originally posted by Bob and Susan  | this thread is about the peso tanking to the dollar...
anything priced in dollars is the same price
anything priced in pesos...
maybe there is a "deal" when the peso drops in value
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Maybe, but just don't try to sell your house. Let's say you bought your house for 100,000 dollars at 10 pesos to the dollar to make the math easy. So
you paid 1,000,000 pesos.
Now some time later you want to sell, and all you want to do is get what you paid for the house. You sell it to a gringo for 100,000 dollars but now
it is at 20 to one. The sale is recorded at 2,000,000 pesos. You doubled your money! Awesome, except for the capital gains of 30+ percent that you
will have to pay on your "profit." Bummer.
No b-tchin\' in the Baja.
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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I've looked at our utility bills. CFE does indeed charge the IVA........but not twice on our bill. Of course, we pay in pesos. So, you pay IVA whether
you pay in advance or not. 16% is still 16%. I suppose the conversion from dollars to pesos would effectively take the sting out of some of that 16%.
No sign of any IVA on the phone or water bill.
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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| Quote: Originally posted by sancho | | Quote: Originally posted by Hook |
At this point, it's like saving 10-15% with the dollar worth about 2+ more pesos than it was a month ago.
[Edited on 11-11-2016 by Hook] |
Don't live down SOB, but somehow saving 10% doesn't get me too giddy,
reminds me of those gulible TV commercials re: credit cards,
spend a lot and get 1% back, let me know when there is a 30%
savings |
Well, let's put it this way. If you were going to invest a few thousand pesos in some type of financial instrument, wouldnt you be happy with a return
of 10-15% over six months? It's not exactly the same thing, but if you make 10-15% or pay 10-15% less for the same service, it's decent money in your
pocket.
It starts to add up to a lot of tacos and beer.
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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I pay both my water bill and electric bill in advance (i.e., prepay). You do not pay any IVA when you prepay. They just credit your account for the
amount of the prepayment. When time passes and you receive a charge for the utility, that charge includes the IVA for the first and only time, as it
should. The prepayment (credit) is applied to the charge as "payment" of said charge. That's it. No double charging of IVA. Just a matter of simple
debits and credits; just like in the USA.
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Bennie&Bruce
Banned
Posts: 13
Registered: 11-14-2016
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| Quote: Originally posted by shari | there are small lots and big lots...many are 500 square meters and there are some double lots 1,000 square meters and also some big parcels if you
want ejido land.
Yes Udo's house is close to another house and not sure just what is going in next door as construction was halted long ago...but other houses are well
situated like Red Mesas place is a double lot and completely walled in, private, nice Nomad neighbours and just a great deal at $75,000!!!
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Where is this and is the area rainbow friendly?
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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| Quote: Originally posted by Bennie&Bruce | | Quote: Originally posted by shari | there are small lots and big lots...many are 500 square meters and there are some double lots 1,000 square meters and also some big parcels if you
want ejido land.
Yes Udo's house is close to another house and not sure just what is going in next door as construction was halted long ago...but other houses are well
situated like Red Mesas place is a double lot and completely walled in, private, nice Nomad neighbours and just a great deal at $75,000!!!
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Bahia Asuncion and I would say yes.
Where is this and is the area rainbow friendly? |
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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That's funny.
"YOU CAN'T LITTER ALUMINUM"
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MitchMan
Super Nomad
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In La Paz, there is real estate all over the place. It's really cheap, too. Prices are about 1/3 the cost of comparable property in Loreto. Don't
know why property in Loreto is so high. No fundamental financial reason for it. The kicker is that there is property all over the place in Loreto as
well. It's like supply and demand doesn't apply.
You can get a 1500 sq ft home in La Paz suburbs with a big lot, especially in Centenario, for $80,000 to $120,000 USD if you spend a little bit of
time looking. Centenario is about 10 minutes from Walmart, Home Depot, Sam's Club, AutoZone, a big new well designed modern mall with a Macy's like
department store, restaurants, large supermarket, Cineplex movie theaters and more. About another 8 minutes of casual driving and you are at the
malecon board walk in downtown La Paz. Also, about 5 minutes from Walmart is a big new well staffed and well equipped hospital.
Here's the kicker, if you own your own home, one person can live for $550 USD per month. Two people can live on $850/month. Those amounts cover all
basic living expenses except for recreation, medical prescriptions and treatment, travel, and gifts for relatives and friends.
Why properties in Loreto (with hardly any governmental services) are so expensive makes no sense.
BTW, the La Paz boardwalk is longer and better than any other boardwalk in all of Mexico.
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lencho
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Registered: 1-16-2005
Location: Tan lejos de Dios y tan cerca de EU
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THAT's a pretty ambitious statement! 
You have experience to back it up?
"I can normally tell how intelligent a man is, by how stupid he thinks I
am."
"...they were careful of their demeanor that they not be thought to have opinions on what they heard for like most men skilled at their work they
were scornful of any least suggestion of knowing anything not learned at first hand."
            Cormac McCarthy, All the Pretty Horses
"Be kind, be patient, help others." -- Isabel Allende
"My gas stove identifies as electric." Anonymous
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Bennie&Bruce
Banned
Posts: 13
Registered: 11-14-2016
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| Quote: Originally posted by shari | | It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details |
Dollars or pesos?
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Bennie&Bruce
Banned
Posts: 13
Registered: 11-14-2016
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What part of it is funny?
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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lencho, yes.
[Edited on 11-15-2016 by MitchMan]
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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| Quote: Originally posted by Bennie&Bruce | | Quote: Originally posted by shari | | It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details |
Those are in dollars. Most locals I know list in pesos, though.
Dollars or pesos? |
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lencho
Nomad
Posts: 102
Registered: 1-16-2005
Location: Tan lejos de Dios y tan cerca de EU
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Mood: Somnoliento
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So you consider the La Paz Malecón better than Mazatlán, Puerto Vallarta or Veracruz?
Might be. I just wish they'd shut off the vehicular traffic. THAT would be a game changer. 
"I can normally tell how intelligent a man is, by how stupid he thinks I
am."
"...they were careful of their demeanor that they not be thought to have opinions on what they heard for like most men skilled at their work they
were scornful of any least suggestion of knowing anything not learned at first hand."
            Cormac McCarthy, All the Pretty Horses
"Be kind, be patient, help others." -- Isabel Allende
"My gas stove identifies as electric." Anonymous
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lencho
Nomad
Posts: 102
Registered: 1-16-2005
Location: Tan lejos de Dios y tan cerca de EU
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Mood: Somnoliento
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If that's a serious question, I'd suggest a major reality check.
"I can normally tell how intelligent a man is, by how stupid he thinks I
am."
"...they were careful of their demeanor that they not be thought to have opinions on what they heard for like most men skilled at their work they
were scornful of any least suggestion of knowing anything not learned at first hand."
            Cormac McCarthy, All the Pretty Horses
"Be kind, be patient, help others." -- Isabel Allende
"My gas stove identifies as electric." Anonymous
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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I think he means, "Mexico on five dollars a day is archaic."
"YOU CAN'T LITTER ALUMINUM"
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pacsur
Nomad
Posts: 191
Registered: 8-28-2003
Location: San Jose del Cabo,BCS
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I'm not sure it works like you think, talk with your Atty or accountant to verify.
The Mexican govt post a daily official rate based on the dollar, that rate is what would be used to place a dollar value on a sale on any date
purchased or sold, you can look for it at-
http://www.sat.gob.mx/Paginas/Inicio.aspx
| Quote: Originally posted by El Jefe | | Quote: Originally posted by Bob and Susan | this thread is about the peso tanking to the dollar...
anything priced in dollars is the same price
anything priced in pesos...
maybe there is a "deal" when the peso drops in value
|
Maybe, but just don't try to sell your house. Let's say you bought your house for 100,000 dollars at 10 pesos to the dollar to make the math easy. So
you paid 1,000,000 pesos.
Now some time later you want to sell, and all you want to do is get what you paid for the house. You sell it to a gringo for 100,000 dollars but now
it is at 20 to one. The sale is recorded at 2,000,000 pesos. You doubled your money! Awesome, except for the capital gains of 30+ percent that you
will have to pay on your "profit." Bummer. |
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norte
Super Nomad
Posts: 1163
Registered: 10-8-2008
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Things have not been selling in Asuncion for a while...prices in dollars which is illegal,...beware owner financing (easy confiscation) . does not
matter though, the market will tank even further soon. http://www.businessinsider.com/mexico-reaction-to-donald-tru...
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pacificobob
Super Nomad
Posts: 2298
Registered: 4-23-2006
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yes, please tell us why you find that humorous dennis.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Private lives seeking approval for private activities is asking permission to display their lifestyle in public.
Keep your rainbow, Christian, Hindu, democrat, republican, Muslim life to yourself. This is Baja ....built on the ethic of men being men.
How would the old timers in this ongoing adventure react to a Gay Pride Parade prancing through the hinterlands?
.
[Edited on 11-18-2016 by DENNIS]
"YOU CAN'T LITTER ALUMINUM"
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