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nathan
Newbie
Posts: 6
Registered: 6-14-2007
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San juanico is getting paved. The property doubled here. Oh wait, it just doubled again while I was writing this post
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capt. mike
Elite Nomad
Posts: 8085
Registered: 11-26-2002
Location: Bat Cave
Member Is Offline
Mood: Sling time!
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sand won somewhere.........(right Juan?)
| Quote: | Originally posted by nathan
San juanico is getting paved. The property doubled here. Oh wait, it just doubled again while I was writing this post |
is one great spot, i love it there - would put a trailer there in a heartbeat and build a palapa as soon as they re build the pista which lost its
license in 1990 abouts....that's when the phx chapter of flying sams had to quit going there.
there a few flyers with homes there, like Dr. John et al who leave their birds at Cadaje 10 miles distant, what a b-tch.
Calling Juan y Juan..........when will we see thAT NEW strip at San won someplace??!!!
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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howat
Junior Nomad
Posts: 67
Registered: 7-18-2006
Location: San Diego
Member Is Offline
Mood: Retire Feb 2010
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Hip hip huray. Not one of you mentioned where i'm going to spend my days in paradise. Keep pushing those soon to be if not already used up and over
crowded areas. Wasn't Cabo a wonderful place in its day.
HH
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comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
Member Is Offline
Mood: mellow
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You mean when we used to park all winter on the beach road between the Hacienda Hotel and the Las Palmas Bar. And the Finnestera Hotel every afternoon
for Cheap Margarita and watch the whales frolic.
[Edited on 6-16-2007 by comitan]
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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Diver
Ultra Nomad
Posts: 4729
Registered: 11-15-2004
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| Quote: | Originally posted by Dave
| Quote: | Originally posted by Diver
Mulege', San Nicholas, Bahia Asuncion, Abreojos, San Juanico ...... |
Great...If you're looking for a future home site. If you wanna make some money then Puertecitos south on the sea side and Colonet-San Quintin
on the Pacific.
WARNING: I wouldn't invest nothin' that I couldn't watch...And I mean watch close. |
Dave,
If that's what you think, you need to head south for a look see. Prices are going nuts all over the place. $100K buys a lot more in some areas than
others.
I've got friends who have done VERY well.
How's a $15K purchase and a sale for $400K 14 years later in La Ventana ?
Or a $65K purchase and a $219K sale 3 years later in El Sargento ?
Or a $18K purchase and a $125K sale 4 years later in Abreojos ?
.
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Sallysouth
Super Nomad
Posts: 1835
Registered: 10-9-2003
Location: Capo Beach
Member Is Offline
Mood: missing Baja...
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How about 25K, one year later, tripled? Hidden Hills (secret, sshhh) on the way to Todos Santos.
Happiness is just a Baja memory away...
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
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Yeah, land is better. A good friend reminded me that a sandwich shop would not be a good investment. Too much competition. Reminded me of the old
quote "You can never starve in the desert because of all the sand wiches there"
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Sallysouth
Super Nomad
Posts: 1835
Registered: 10-9-2003
Location: Capo Beach
Member Is Offline
Mood: missing Baja...
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Yup Osprey, it WAS undeveloped and just keeps growing in value as the power, sewer, electric,roads, etc. get put in .Land is the way to go if you have
the $ to spare IMHO.
Happiness is just a Baja memory away...
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amir
Senior Nomad
Posts: 559
Registered: 5-4-2007
Location: Todos Santos, BCS
Member Is Offline
Mood: chiropractic
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| Quote: | I've got friends who have done VERY well.
How's a $15K purchase and a sale for $400K 14 years later in La Ventana ?
Or a $65K purchase and a $219K sale 3 years later in El Sargento ?
Or a $18K purchase and a $125K sale 4 years later in Abreojos ? |
This is crazy!
I understand that it is a bonanza for investors, but it wrecks havoc on the local economy. It creates inflationary trends that Mexicans cannot afford.
Then the locals sell ancenstral land because of the lure of inflated prices. Then the big investors come to make more profit. Then everybody complains
about development and high prices and they b-tch on the Nomad Board about investors like Loreto Bay et al.
It all starts with the little greedy guy that buys land for speculation and profit. They don't see the vicious cycle this creates.
--Amir
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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| Quote: | Originally posted by amir
It all starts with the little greedy guy that buys land for speculation and profit. They don't see the vicious cycle this creates.
--Amir |
Sellers are equally to blame. The greedy little guy can't get to first base without them.
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toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
Member Is Offline
Mood: Skeptical
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| Quote: | Originally posted by Dave
| Quote: | Originally posted by amir
It all starts with the little greedy guy that buys land for speculation and profit. They don't see the vicious cycle this creates.
--Amir |
Sellers are equally to blame. The greedy little guy can't get to first base without them. |
Whew! That greedy little guy sure has been busy.
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amir
Senior Nomad
Posts: 559
Registered: 5-4-2007
Location: Todos Santos, BCS
Member Is Offline
Mood: chiropractic
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Dave, that's exactly what I'm talking about : The vicious cycle - An investor buys to sell! The buyer becomes the seller, then they invest the profit
and speculate again. The stakes become bigger and bigger, until we have over-development. That's the nature of profits and investments, to make more
of it.
IMHO, what's ruining Baja is this unlimited investment for profit. Buying and selling, buying and selling, buying and selling. This cycle eventually
displaces the poorer natives to the mountains and leaves the beaches for the super-rich to speculate on.
--Amir
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SDRonni
Nomad
Posts: 481
Registered: 8-28-2006
Location: Serra Mesa/Rosarito
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We just bought one place, for ourselves and friends to enjoy. There are others who bought in our development (Las Olas Mar Y Sol), who bought
several units, and are reselling now before they're even completed so that the unit they want to keep will be free and clear before they move in.
Must be nice......
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Sallysouth
Super Nomad
Posts: 1835
Registered: 10-9-2003
Location: Capo Beach
Member Is Offline
Mood: missing Baja...
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Well yes Amir, I see your point and agree, however, my family is living and working in Baja, also born there ,so the investment eventually will be for
the land they will live on or if they so choose ,to sell. I am only investing for them and hopefully I will be able to spend my "wonder years" there
also.!!
Happiness is just a Baja memory away...
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amir
Senior Nomad
Posts: 559
Registered: 5-4-2007
Location: Todos Santos, BCS
Member Is Offline
Mood: chiropractic
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| Quote: | Originally posted by Sallysouth
... however, my family is living and working in Baja, also born there ,so the investment eventually will be for the land they will live on or if they
so choose ,to sell. I am only investing for them and hopefully I will be able to spend my "wonder years" there also.!! |
I don't have a problem with this. There is a difference when the property is, or will be, your primary residence, or a vacation home, or you are
buying it for relatives to live in. The problem arises, to me, when someone owns many properties solely for the purpose of investment and speculation.
Speculation is the key word here.
If property value appraises while you are holding it, and then you or your heirs sell it at a profit, that's good. But how many houses can one live in
at any one time? Is it okay to own many properties for the sole purpose of making a profit? In my opinion, no. But then that may be the reason why I
am still poor and probably always will be... I was never savvy enough to just profit from real estate holdings and investments, and maybe I begrudge
those who do.
I see landlords that get rich from their investments, and I see hardworking families who spend most of their income on rents on properties they could
never own, thus making the rich richer and the poor poorer. Mortgages are great for the banks who own them, but they are terrible for the tenants who
have to pay them. I see this as some kind of oppression and since I'm sort of an idealist this was a good thread to express my opinion... the other
side of the story...
Few investments are designed to be win-win situations. While the profit motive was being overemphasized in this thread, I wanted to point out that
when someone profits obscenely, that somebody else is paying for that, and there are other repercussions that affect others in a negative way.
--Amir
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Nicole
Junior Nomad
Posts: 34
Registered: 1-22-2006
Location: Kitimat, BC, Canada
Member Is Offline
Mood: Dreaming of sun!
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Thanks Amir for stating things so succinctly.
We yearn to buy in Todos but have watched the prices inflate at an alarming rate as we scramble (for almost ten years now) to save enough to secure a
corner of paradise for our young family.
I have been thinking and wondering how can local families possibly afford to stay and I guess the answer is that they soon won't be able to and that
is sad. I have always been a great believer in only taking for yourself what you truly need to be happy... greed breeds great unhappiness where enough
can never be "enough".
I appreciated this thread because it gives the non-investors amongst us new ideas on where to focus our search for a family home.
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
Member Is Offline
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nicole and Amir nearly everyone in the usa could buy a home of there own because some have chosent not to nore take the tax advantage and live only
for today dosent mean that all the others are greedy people
if it wasnt for owner landloards they would be living in the streets
the landloard takes his hugh investment (tax deductable because with out the tax advantage noone would be a londloard) and intrusts it to people for
a small return over a long period of time risking it some times loosing tens of thousands$$ in damages in one lease in the hope that the next renter
will be a good one
everyone wants to walk in to a deal someone else walked into a few years back but you neet to take the risk if your gona take the profit
if you dont like this system well guess you cant even go to Russia for socialism cause it just dont work
the rule of making money is the people who have the money make the rules
think about it if your a shopper the day after thanksgiving and you read the papers and show up at 4 in the afternoon you might as well stayed home
you missed the boat thats life have a good one
jerry and judi
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kellychapman
Nomad
Posts: 246
Registered: 9-19-2006
Location: Loreto CBS
Member Is Offline
Mood: heavenly
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I was there in those days too....
| Quote: | Originally posted by comitan
You mean when we used to park all winter on the beach road between the Hacienda Hotel and the Las Palmas Bar. And the Finnestera Hotel every afternoon
for Cheap Margarita and watch the whales frolic.
[Edited on 6-16-2007 by comitan] |
yes yes yes...I was there in those days running on the beach with my young beautiful body.... doing a bit of frolicing myself...after a few tequillas...lol...those were the good ol' days of yesterday....
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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PS Nicole if you really believe what you say you dont really need a place in baja its really beyound your need you allreaddy have a place in BC are
you being greedy wanting a place in baja too??
Amir i think you do begruge the people who do well at investing
weather it be in the stockmarket real propertys or your brotherinlaws new idea all investment is done for a profit and all investment profits someone
so fish or cut bait
there are a tremendos amount of people especally in the usa who are living for today only way beyound there means yet expext that the world is there
oyster some one has to pay the piper
jerry and judi
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Sallysouth
Super Nomad
Posts: 1835
Registered: 10-9-2003
Location: Capo Beach
Member Is Offline
Mood: missing Baja...
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If you can understand that, then I would have to say AMEN!!!
Happiness is just a Baja memory away...
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