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jerry
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Posts: 1354
Registered: 10-10-2003
Location: loreto
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wow all this ranting and raving and noone knows the cost per sq foot?? and fees??
jerry and judi
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Cincodemayo
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Location: Pacific NW
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How many of you have actually gone to a presentation, walked the property and listened first hand to anything about Loreto Bay? How many have talked
first hand to any of the "qualified" people who know what they speak of? My neighbor I referred to was to show smart people make smart decisions and
an investment property is a smart decision. If you prefer to live "IN TOWN" live there.....That's YOUR decision. I prefer to go INTO town. That's MY
decision but I'm sure till doomsday all the negative's will continue to throw all the insults to something they have a giant unknown "GREY" area.
Don\'t get mad...
Get EVEN.
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Sharksbaja
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Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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More Black & White to me
| Quote: | Originally posted by Cincodemayo
How many of you have actually gone to a presentation, walked the property and listened first hand to anything about Loreto Bay? How many have talked
first hand to any of the "qualified" people who know what they speak of? My neighbor I referred to was to show smart people make smart decisions and
an investment property is a smart decision. If you prefer to live "IN TOWN" live there.....That's YOUR decision. I prefer to go INTO town. That's MY
decision but I'm sure till doomsday all the negative's will continue to throw all the insults to something they have a giant unknown "GREY" area.
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I haven't gone to a presentation although I have read countless comments from others who have and quite frankly, they were pretty comfortable with
they plans and reassurances given. I also have read transcripts of various source. Reflecting the same positive comments.
So, no offense Cinco...
A problem with these rehearsed presentations, talks and press releases is that they are all competely spun to erase any negative notion one may have.
"Qualified Speakers"?Much the same as a new car salesmen. The difference being a new car salesman has a tried and tested product. So then, it would be
more like a used car salesman, not really sure of the "bad" things it has but rather focusing only on it's upside and potential perfection.
The most important issues they face in completing this project with dignity are the ones that they can't completely address. THat's where it gets
dicey. No one is willing to make those concrete statements and dates.
This project has the potential to determine Loretos' fate and future for further development.
That "Grey area" is pretty vital IMHO
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Cincodemayo
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Sharks...
I'm the first one to ask as many questions as possible and believe me I did. They were all answered. Almost every person in the Loreto Bay group we
met are buyers themselves and that alone tells me that it's in their best interest to see this thing thru. Every place we went to in town either for
dinners, breakfasts, c-cktails or whatever surely liked not only the people of Loreto Bay but all the prospective buyers and the pesos/$$ that will
acompany every visit. All the crews have to be Mexicans/local labor...more$$$ for the locals. There is not a doubt in my mind that as problems pop up
and concerns arise they will be dealt with.
Remember Fonatur had this development slated no matter what as the infrastructure was in years ago but the French crook put it on hold in the Mexican
courts till they went to France and got him...now he's sittin in a Mexican jail.
Don\'t get mad...
Get EVEN.
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Sharksbaja
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You may have stumbled upon the conundrum Cinco and the biggest continuing hurtle...... Fonatur, and if it weren't for outside(big company) planning
etc. they would have most likely screwed it up again. Let's hope the "pros" get the load handled.
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Cincodemayo
Senior Nomad
Posts: 725
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Sharks..
That's what all the owners hope. Grogan and Butterfield are great people who really do care about the project. Every question I've had has been
answered and if not they do get back to you in a timely manner. All the Loreto Bay people have a genuine passion for what's happening there...
Don\'t get mad...
Get EVEN.
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jerry
Super Nomad
Posts: 1354
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Location: loreto
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dollars and senses?? an investment has value that will increase in time preferable faster then the rate of inflation i fear that the houses are
allready inflated for what your getting in comparason to the area any moneys paid above the real value when purchased is blue sky or an investment
in someones elses unproven art seems pretty shaky to me but then its not my problem and i guess noone here is willing to let the cat out of the bag
as to the costs??? have a good one
jerry and judi
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msawin
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Registered: 8-29-2003
Location: Grass Valley,Ca / Tripui
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labor
One of the biggest stinks in town [ Loreto] NOW.. is the imported labor from Canada and The USA workers getting paid North American rates.. Twice /
Triple or more, than being paid to the nationals.. This is from the folks in Loreto.... They have condemned living structures in Loreto for the
workers. No plumbing, no toilets, no sink to wash hands, no heat. Your work force.
Marty Sawin
ps: You might get the same.
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jerry
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Location: loreto
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They have condemned living structures in Loreto for the workers. No plumbing, no toilets, no sink to wash hands, no heat. Your work force.
sad to say but there have allways been places in mexico with no plumbing no toilets no sinks to wash hands and no heat have a good one jerry
jerry and judi
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Bob and Susan
Elite Nomad
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Registered: 8-20-2003
Location: Mulege BCS on the BAY
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Mood: Full Time Residents
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75% of Mexican homes have no hot water heater....
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Cincodemayo
Senior Nomad
Posts: 725
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Location: Pacific NW
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Jerry..You haven't seen prices in Cabo lately have ya? Try Los Barilles too
Don\'t get mad...
Get EVEN.
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vandenberg
Elite Nomad
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Location: Nopolo
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Mood: mellow
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Cinco
 :? id you ever see Jerry get an answer to his question about the cost of the buildings in
Loreto Bay ? Somehow everyone is avoiding the question. Maybe " Friend of Baja " will answer this, being a future homeowner and all.
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jerry
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actually i havent seen prices for loreto bay yet after 3 trys im thinking that there must be a reason ?? i have been keeping up on prices as they
skyrocket all over i used to live in last years fastest growing cumunity in the state of oregon i too am an investor in propertys but i will never
buy unless i have controll of it and the land under it have a good one jerry
jerry and judi
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Cincodemayo
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Jerry...
They started at $200,000 at the beginning of Founder's Neighborhood for 1600sq.ft. Casa Chica and all the way up to a million for waterfront or Golf
frontage with custom homes. Now the Casa Chica or equivalent square footage is more in the $300,000 range for the second phase. Nopolo is not much
difference in prices now the last time I checked Jesus and his brother's site. As for the monthly dues it depends how large your home is...that
monthly price includes ALL maintenance on grounds, infrastructure upkeep, painting, garden maintenance ect. Maybe Vandenburg can elaborate on what
comparisons are at Nopolo....
Visiting a friend at Los Barilles his home wasn't much larger and the price of homes there were surprisingly not much different than here in Seattle
area either for lots or built homes.
Don\'t get mad...
Get EVEN.
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Cincodemayo
Senior Nomad
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Jerry...One more thing....The shorter the paper trail is for property in Mexico the less you have to worry about someone doing a scam like in Rosarito
when all those people lost everything because of some scam artist. Fonatur has been the only property holder in Loreto Bay. You buy it, you own the
house and property in a 50 year trust that automatically rolls over. Loreto Bay had all the Notary people there so all the i's are dotted and the t's
crossed.
Don\'t get mad...
Get EVEN.
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Cincodemayo
Senior Nomad
Posts: 725
Registered: 3-7-2005
Location: Pacific NW
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http://www.puntanopolo.com/sales.cfm
These are way more expensive than Loreto Bay!
Don\'t get mad...
Get EVEN.
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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thank you for the info cinco i know about the fedio i have had one on my property in loreto for years the only way i would do a purchase im mexico
its hard to believe that the same property has gone up 33 % and it hasnt been build yet
are ppl not feeding on the hype like malty level marketing the last one gets stuck?? have building costs gone up 33 % in the last yr or so?? if so
how can they build the houses they promised?? if not the second phase is over priced . its easy to put figures together to show any thing you want ppl
to believe.
the amentitys you speak about will not be free they cant be they cost money and will be paid for by the ppl living there the fees will reflect this
in the future
if i invested as i heard $5.000 and could sell it for a $100,000 profit now it would be jumping and running to the back or i think it will be like
leaving your money ride on the crap table you gonna loose sooner or later id pull my bet and start over?? the homes in nopolo are allreaddy build you
own the lot under and along side your house not a postage stamp is there any restriction on you selling your position in building to someone else now
unbuilt??if there isnt sell it for say $280,000 now for the $5,000 down you paid your return is astronomical but you will have to be one of the first
if it catches on all the hype could work in reverse and the propertys will get worth less and less the second phase will have to support the first
phase?? if not it all fails if the ppl in the first phase become compatition for the sales of phase 2 at a lower price but still a nice profet they
will profit unless it colapeses around them if there is a restriction on selling your option then it feels to me like the company has covered its butt
with your bucks?? just my view have a good one jerry
jerry and judi
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Cincodemayo
Senior Nomad
Posts: 725
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Jerry...Everyone I've talked with that bought has no intention of selling.
Second phases are always more...supply and demand. Look at the prices of Napolo units that have LESS square footage for $139,000 more! My above link
to Napolo.. As a homeowner you have access to all the hotels amenities...2 pools, bars, restaurants..I'd prefer to go into Loreto for dinners but for
a casual lunch or breakfast the hotel is quite reasonable.
Unit 311
136.68 m?
1,470.68 sq. Ft.
$439,900.00
Don\'t get mad...
Get EVEN.
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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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good grief
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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not my grief
jerry and judi
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