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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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I think value is perceived...if Cinco believes he is getting a good deal...so be it. But, in my opinion, $439,000 is a lot of money to spend in the
US let alone Baja.
What happens when the next "big" development hits Baja? Also, what happens to the 50 year trust when you die? Can you will this to your kin? If so,
how many times can the title be renewed? Forever?
Zac
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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yes the fido will be willed to who ever you choose
how many times im not gona worry about
jerry and judi
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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 jerry
yes the fido will be willed to who ever you choose
how many times im not gona worry about |
It's just something to think about when comparing investment alternatives...property that can stay in the family indefinately or one that might not
last more than 100 years...granted, we'll both be gone in a 100 years but I hope to leave something for my family.
I only make this point as I've seen a few statements about what a great investment this is or that is.... I guess one must decipher between
investment and how one chooses to spend one's money
zac
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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and once you choose if you change your mind it will cost a grand $US to change it
jerry and judi
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Phil C
Senior Nomad
Posts: 564
Registered: 3-27-2004
Location: N. San Diego County/ Loreto Centro/Lopez Mateos
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1470sq. ft. $439,900= $299.29 psf...... Wow! I don't know what to say about that.... When I built my house, I spent less than 90 psf, that INCLUDED
land and bank trust. Oh, that was a year ago................
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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phil c
thats what im talking about and the only fees you pay is the fido?? i cant see where loreto via;llage pencels out have a good one jerry
jerry and judi
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Marie-Rose
Senior Nomad
Posts: 894
Registered: 10-2-2003
Location: Victoria, B.C. and Todos Santos
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Mood: Worried...
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I do believe that those who are investing in Loreto Bay are those who probably would
not be hurting if they happened to loose $200-300,000. These are not middle class income earners.
Would I like to spend a week there to lounge in luxury? ...sure, why not. Would I want to live there as my Mexican experience, no. But each to their
own. Hopefully the development will cause no harm (locals and environment). I guess time will tell.
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comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
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Mood: mellow
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I think people should be able to invest, live, enjoy where it suits them without a lot of people dragging their developement in the mud, if you were
to invest there I don't think you would appreciate someone badmouthing where you expect to live and enjoy yourself.
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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eetdrt88
Senior Nomad
Posts: 986
Registered: 2-20-2005
Location: Az/Ca/Baja
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a good laugh indeed...
439,000 what???pesos
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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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But Comi...
| Quote: | Originally posted by comitan
I think people should be able to invest, live, enjoy where it suits them without a lot of people dragging their developement in the mud, if you were
to invest there I don't think you would appreciate someone badmouthing where you expect to live and enjoy yourself. |
They're Canadians
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David K
Honored Nomad
Posts: 64854
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Sharks, because Canadians are such good beer drinkers and love Baja, you should cut them some slack... or a side of back bacon... okay, eh?
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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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Eh? Okay, eh! I won't stereotype ifn you won't! jejeje
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Cincodemayo
Senior Nomad
Posts: 725
Registered: 3-7-2005
Location: Pacific NW
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Sharks...unless Canadians are hiding out the majority of buyers we have met are from the US. I'd say it's more of a 70/30 division but then again
Canadians are people last time I checked.
As for the price....the example price I gave at $439,000 was for the Nopolo development not Loreto Bay. We paid $249,000 for the same thing and larger
sq. footage. That's what the link was for but everyone seems to think it was Loreto Bay. Detail people!
Don\'t get mad...
Get EVEN.
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
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Mood: mellow
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Other condo development in Nopolo, go to www.puntanopolo.com.
They also started at less then half the price a few years ago.
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capt. mike
Elite Nomad
Posts: 8085
Registered: 11-26-2002
Location: Bat Cave
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Mood: Sling time!
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this is all so funny....only need one rule....if you can't afford to lose it don't invest it in mexico.
if you CAN afford something, then hell, enjoy it. and if you can pass it to heirs after your trust expires in say, what, 50 years?? good, if not - who
cares??
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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Worldtraveller
Junior Nomad
Posts: 65
Registered: 11-26-2004
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The following excerpt from The Christian Science Monitor addresses some of the questions and comments in this thread.
................
The US Department of State estimates that out of the approximately four million Americans living overseas, between 600,000 and one million are in Baja
and elsewhere in Mexico - up from about 200,000 a decade ago.
Gustavo Torres, a real estate agent in Northern Baja's Rosarito Beach, a one hour drive from San Diego, says his firm, RE/MAX, sells 10 to 20
properties a week. "Sales here have quadrupled in the last two years," he says, with prices going up at a rate of 15 to 20 percent a year.
About one-quarter of the 55,000 residents in Rosarito today are Americans.
"Rosarito beach is in the eye of the boom," says Mr. Torres, who estimates the next "hot area" will be Ensenada. And Loreto, he concludes, "is what
the future is all about."
The Loreto Bay homes are priced between the mid-$200,000s for a 1,500-square-foot, single-family home to more than $2 million for a custom-designed,
oceanfront house. "The days of finding a $30,000 beachfront property in Baja, are basically over," admits Torres. "But compare prices to the beach in
California, and it's still a steal."
Prices are not the only thing changing in Baja. The buyers are different too. Fifteen years ago, when Tijuana-based real estate agent Nicolas Renard
started selling property in Baja, he says, "... it was just a few retirees. " But today, he sees younger and wealthier buyers. "They are looking to
make a profit, and this is a clear opportunity," says Renard.
Arturo Rolland, a real estate agent based in San Diego, is seeing another trend - that of Mexican-Americans entering the market. It's a group with
growing income, he says, that has not forgotten its roots.
"They want to be back in Mexico, but not too far away from their families in the US."
.....................................
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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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Well, it seems a bunch of us got in at the right time. Now the question is:
What town is next to be saturated(gulp)?
Thank goodness for the lack of infrastructure to support more rapid development.
The equity factor these days is a bonus and I can't say I don't like it. It is very obvious.
The propertes in the Mulege area is following suit with the rest however.
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jrbaja
Ultra Nomad
Posts: 4863
Registered: 2-2-2003
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Discovery Channel, Nova, and
Worlds Most Dangerous Jobs.
I have been watching these shows and so far, looks like it has been a good year for the end of an era in the Alaskan Fisheries Industry,
specifically, Crab, but effecting all aspects.
Seems to me that these guys love to fish so when they aren't busting their arses in Alaska, they are buying and building homes in south Baja.
Specially when they have "good years". Go figure.
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Sharksbaja
Elite Nomad
Posts: 5814
Registered: 9-7-2004
Location: Newport, Mulege B.C.S.
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JR, "end of an era"? Wadda ya mean? The "hayday" of crab fishing is certainly over. At one time not that long ago many crabbers reaped descent
profits. Now, with limited tonnage being the operating factor has reduced the playing field. Not only that but it is not "always" a plentiful market.
Many crabbers have to rerig and target other available species more often. On top of that the world crab market is dominated as usual by the Japanese
market and huge corps and demand so the price can rise or fall unexpectedly. Add to this higher fuel and supply costs and it becomes a much more
difficult industry to garner riches. The fishermen know where to go. Baja is it! Not Loreto I hope!
Our opening commercial crab season here has been put off two weeks as the meat ot shell ratio is too low. Last year saw a signifigant drop after
landing the most(on this coast) the year before. You may see less & less I'm afraid.
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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| Quote: | Originally posted by Sharksbaja
Well, it seems a bunch of us got in at the right time. Now the question is:
What town is next to be saturated(gulp)?
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I'll tell you but you have to promise not to tell anyone, OK?
Promise?
OK then, it's:
Santa Rosalia.
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