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DTPrice
Newbie
Posts: 12
Registered: 11-24-2013
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Great photos, David K!
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Lee
Ultra Nomad
Posts: 3508
Registered: 10-2-2006
Location: High in the Colorado Rockies
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Quote: Originally posted by DTPrice  | | The lease is annual only and has been since Alfonsina's was founded in the 60's. We've been here since 2010, other people on the beach have been here
over 30 years. Everyone seems happy. I've never seen so many home remodels and additions going on. No one seems apprehensive in the slightest.
Alfonsina's raises the lease 10% every other year. |
Don't be lulled into a false sense of security. Things change overnight in Baja. The rent can be raised 100% for no reason other than the MX
owners can charge whatever they want.
Is anyone reading fine print?
There are no guarantees in Mexico. Everyone seems happy? Think the nightmares taking place in Rancho Grande at Gonzaga Bay can play out here.
Bet the people living at the Bay seemed to be happy too.
Tell me if I'm missing something.
Rancho Grande at Gonzaga Bay
http://forums.bajanomad.com/viewthread.php?tid=92052
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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DTPrice
Newbie
Posts: 12
Registered: 11-24-2013
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Legally, from what we've learned, lease payments can only be raised 5% per year. Rancho Grande and Alfonsina's have different owners with different
plans for the future. Throwing out paranoid accusations without any real knowledge isn't good.
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David K
Honored Nomad
Posts: 64852
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Here is the runway at low tide... This photo is from July 2015, and you can see the stakes added to keep cars off the runway...
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Lee
Ultra Nomad
Posts: 3508
Registered: 10-2-2006
Location: High in the Colorado Rockies
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| Quote: Originally posted by DTPrice | | Legally, from what we've learned, lease payments can only be raised 5% per year. Rancho Grande and Alfonsina's have different owners with different
plans for the future. Throwing out paranoid accusations without any real knowledge isn't good. |
Can you respond to any paranoid accusations you've read?
What does ''real knowledge" mean?
For someone with deep pockets, walking away from a $85,000 investment is no big deal.
Rancho Grande at Gonzaga Bay
http://forums.bajanomad.com/viewthread.php?tid=92052
Different owners, different future plans, same rights for Mexican owners (or heirs) who decide to shut down, foreclose and/or raise rents.
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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BajaBlanca
Select Nomad
Posts: 13196
Registered: 10-28-2008
Location: La Bocana, BCS
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That is such a cute house and the location seems ideal! What a deal at 85K. I bet it sells in a heartbeat!
We all know that you cant invest more than you can walk away from, we know that and have to live with it!
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Lee
Ultra Nomad
Posts: 3508
Registered: 10-2-2006
Location: High in the Colorado Rockies
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| Quote: Originally posted by BajaBlanca | That is such a cute house and the location seems ideal! What a deal at 85K. I bet it sells in a heartbeat!
We all know that you cant invest more than you can walk away from, we know that and have to live with it!
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Doesn't read like you have a fideicomiso or MX corporation?
Like someone wrote, you can't take it with you.
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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Lee
Ultra Nomad
Posts: 3508
Registered: 10-2-2006
Location: High in the Colorado Rockies
Member Is Offline
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| Quote: Originally posted by lencho | I'm ignorant: Is that even possible if he's
leasing the land the house is built on?
In the case of an immovable structure built on land leased from another, what sort of ownership documents does the "owner" of the structure transfer
to the buyer when he sells the place?  |
Writing about Blanca not the OP. Great question though. Maybe the OP can address that question. Or Blanca if she has a land lease.
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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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
Member Is Offline
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| Quote: Originally posted by lencho | I'm ignorant: Is that even possible if he's
leasing the land the house is built on?
In the case of an immovable structure built on land leased from another, what sort of ownership documents does the "owner" of the structure transfer
to the buyer when he sells the place? |
hearty handshake! 
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