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Ateo
Elite Nomad
Posts: 5901
Registered: 7-18-2011
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Baja Real Estate -- What is your assessment of the past, present, future?
Hello fellow Nomads,
It is my goal to retire in Baja. We have been exploring the peninsula in hopes of finding the perfect place to suit our needs. We have a couple
places on our radar but haven't settled on anything yet. We are focused on the Pacific side as I need waves and cold from time to time.
What is your opinion of the current health of the Baja real estate market? Where do you see it going?
We may buy an existing casa, or we may just buy a lote and slowly build over the next 10 years.
I know you Nomads have tons of opinions so let 'em loose!!!
Gracias,
Ateo
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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buy a lot, put a trailer on it and then decide what you wanna do. day trips (or longer!) to your other favorite places are always within reach when
Neptune calls.
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Ateo
Elite Nomad
Posts: 5901
Registered: 7-18-2011
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| Quote: | Originally posted by woody with a view
buy a lot, put a trailer on it and then decide what you wanna do. day trips (or longer!) to your other favorite places are always within reach when
Neptune calls. |
Yeah man. That's pretty much what I'm thinking unless I find the perfect place that is already built. That perfect already built house -- I haven't
found yet unless the economy tanks and I can buy on gringo hill for $30.
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PCbaja
Junior Nomad
Posts: 79
Registered: 11-26-2009
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I bought then built with renting it in mind until I could afford to spend more time there. That being said, it has turned out to be quite profitable.
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captkw
Ultra Nomad
Posts: 3850
Registered: 10-19-2010
Location: el charro b.c.s.
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Mood: new dog/missing the old 1
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biulding in baja !!
Woody must read minds !! I been preaching that for over 20 years in Baja....pour a pad with 3" PVC pipes every 4/5 feet around the outsides (for
awning) and sit a RV/Trailer/5th wheel and be done with it !! For me, there is more to life, than buiding a house on a beach in Baja...We started the
first house in 80/81 and it was a big pain in the ____
[Edited on 1-26-2013 by captkw]
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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buy now, according to the Realtor that been showing the rental im in now, its comin back with a vengeance.
of course thats just one Realtor's take on it! J(her)HO!
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captkw
Ultra Nomad
Posts: 3850
Registered: 10-19-2010
Location: el charro b.c.s.
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Mood: new dog/missing the old 1
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real estate & the dollar
I know nuffing bout real estate or money,,but every where I read says its a gonna tank...The bankers & fed reserve have made it so..at least thats
what the experts say !!
[Edited on 1-26-2013 by captkw]
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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I agree with Woody. There's no telling if the RE market will ever rebound down here. It all depends on the world/US economy and whether or not
people will have anything left to spend on Baja....or any other place for that matter.
This Peninsula may just be a dedicated industrial park.
The Mexican government is another unknown. They keep raising the bar for immigration as though they have a captive audience, but when they
successfully shut the door, they'll sit there and blame it all on the US. They seem to be collecting from us some unpaid moral debt of our
grandfathers for wrongs of the past.
Anyway, the Baja of History and the Baja of yesterday and today are three different places. There's no telling what tomorrow's Baja will bring.
Keep wheels under everything, and have a good time.
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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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Well in the last 3 months there have 5 Homes sold in Comitan (La Paz) that I know about. Thats a BIG Turn around!!!!!!!!!!!
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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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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It depends where you are in Baja, down here in Pescadero/Todos Santos there seems to be quite a bit of construction and real estate changing hands.
There are at least a half dozen homes currently being built just in our neighborhood.
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captkw
Ultra Nomad
Posts: 3850
Registered: 10-19-2010
Location: el charro b.c.s.
Member Is Offline
Mood: new dog/missing the old 1
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comitan
Good news...I have seen the peso ,buy more and the dollar, buy less....
[Edited on 1-26-2013 by captkw]
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Ateo
Elite Nomad
Posts: 5901
Registered: 7-18-2011
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Thanks all. I enjoy hearing different reports from different areas. Some towns are booming and some are stagnating. My gut (and the world economy)
tells me now is a good time to buy a lote somewhere. Park a camper on it and start there. So many things could change between now and retirement.
A lote would be low risk. I don't have the money right now to build a palace but I could definitely buy a piece of dirt. All I see everywhere is
more and more development.
I appreciate any more speculation and opinions.
Off to Oceanside Harbor..............check back in later.
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BajaBlanca
Select Nomad
Posts: 13196
Registered: 10-28-2008
Location: La Bocana, BCS
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Here is my take:
I heard that a lot of folks built when they retired and are now headed north due to health issues - which is good for buyers who will get some great
deals as the need to sell is pretty urgent.
la bocana is growing quickly - all locals building new houses - there must be dozens going up. new and really pretty.
there are some great deals - people here have land that you can get in exchange for a quad or a boat. comes down to timing too ... very inexpensive
if you catch the right person needing cashola right away.
I highly recommend setting up a trailer/palapa and LIVING wherever you think you might end up staying. The reality of visiting and living are like
night and day.
good luck on your quest. It only took Les 20 years to find his idea of paradise 
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Leo
Senior Nomad
Posts: 518
Registered: 9-23-2004
Location: Todos Santos
Member Is Offline
Mood: could be better
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I think we have reached bottom and in my opinion, since building here is an absolute PAIN, (always late, and with different outcomes then expected)
shop for a desperate seller. There are so many small and larger places for sale, there must be plenty of them after 4 years of stagnation. You see
what you buy and perhaps the potential to make it into the ideal place for your needs.
The grass is always greener....
and so, there is always a better spot in Baja
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roamingthroughbaja
Nomad
Posts: 143
Registered: 11-16-2007
Location: La Paz, BCS
Member Is Offline
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Pacific lots
Yes, there are some really good deals right now with properties going sometimes 60% below the original purchase price. AND there are buyers with
cash! We haven't seen much of that over the last couple of years.
There is a really nice development called Playas Pacificas south of Punto Conejo. Pretty accessible and the state gov has promised to pave most of
the way to the gates this summer. The lots are HUGE. Here is the link: Playas Pacificas
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MMc
Super Nomad
Posts: 1679
Registered: 6-29-2011
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Mood: Current
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I have a good buddy that has a house in Ensenada. A lot about 1/2 way down and a lot in Todo's. Both the lots are on ten year leases. Both lots have
power no water. He built a garage on one and a dropped a Conex on the other. Both have patios and shade. He pulls his trailer between the two or just
drives his truck. Sets up camp and he's set. He is able to keep enough stuff at the place he can set anytime. Where he goes depends on the swell and
what else he has going on. See a lot of places and still explores the Pacific side. He has a few secret spots 
"Never teach a pig to sing it frustrates you and annoys the pig" - W.C.Fields
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cessna821
Nomad
Posts: 148
Registered: 9-17-2010
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We first came here to Mulegé thirteen years ago and lived full time for five years. We have a very comfortable, solid and spacious home to live in all
year round which is built from local stone and brick. Mulegé is a fabulous place to live, friendly people, a cosmopolitan atmosphere and great local
amenities.
Sadly, family reasons have caused us to spend more time in Europe than we originally intended.
If we had not bought our home here I wonder if we could have afforded to have rented or bought an RV and leased. We do not pay a lease or rent for our
land. However many people are paying $250-300 a month to a park owner for their plot in Mulege. Over 13 years this amounts to somewhere between
$32,000 and $39,000 and, of course, having to continue paying for ever. The price of an new RV could vary in price between $50,000 and $300,000, and
the value would be decreasing annually.
At the end of thirteen years the RV would achieve something like $5,000 to $ 12,000.
We are not charging anymore than our purchase price plus the cost of improvements. All our household contents come free with the home. Even though it
has not increased in price, yet, I do not think it could ever depreciate in the same way as an RV's does.
If we had leased and bought a comfortable RV we would now have very little left in value whereas we have a fabulous home to keep returning to .....
while we are fit and healthy. My husband has the opportunity to go fishing while I happily potter in my garden.
It seems to me that you must be better off owning a solid secure home, that is on high ground above flood level, if you intend to retire here or be a
'snowbird'. IMHO.
[Edited on 1-26-2013 by cessna821]
[Edited on 1-26-2013 by cessna821]
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mtgoat666
Select Nomad
Posts: 18385
Registered: 9-16-2006
Location: San Diego
Member Is Offline
Mood: Hot n spicy
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| Quote: | Originally posted by Ateo
Hello fellow Nomads,
It is my goal to retire in Baja. We have been exploring the peninsula in hopes of finding the perfect place to suit our needs. We have a couple
places on our radar but haven't settled on anything yet. We are focused on the Pacific side as I need waves and cold from time to time.
What is your opinion of the current health of the Baja real estate market? Where do you see it going?
We may buy an existing casa, or we may just buy a lote and slowly build over the next 10 years.
I know you Nomads have tons of opinions so let 'em loose!!!
Gracias,
Ateo |
What do I think?
I think there are several nomads been trying to sell their places for quite a while, and they seem to be finding no buyers despite pretty low
advertised sale price, leading me to conclude it is a buyers market,...
Still much fear in gringos about traveling south of the border, economy still hurting, and for those reasons the vacation/retirement home market will
stay in crapper for foreseeable future. Crime perception will take at least a decade to disappear after they solve the drug war problem, and drug war
seems to be going on as usual,...
So good time to buy, but don't consider it an investment, just spend money you are willing to lose,... And no rush to buy, prices will stay low for
quite a while
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shari
Select Nomad
Posts: 13048
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
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We have seen a definite increase in potential buyers in the central coast area. Lot prices have gone up quite a bit but you can still find something
for $5 grand outside the municipality, ejido titled lots...and in town starting around $8,000 and up depending on location and services.
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
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Ateo, I can't say things were any more stable when I bought my house/lot 20 years ago. The peso was 3.5 to 1 and the cartels were doing their thing
but perhaps in a smaller way. Lots of ways to do this retirement thing. How about this:
Wanna be down here but worried about your future? Find a small village somewhere you're comfortable (not on the beach). Hunker down there for a week
or so while you let it be known you want to park your trailer on a lot in the village, just pay a few dollars rent per month to have the Mexican
homeowners watch your place and help you hook up to city services. You can find the best beaches/surfing/etc around without risking a thing while you
get to know the place. You get a cheap place to live, city services, phone, water, power, internet, sewer and a caretaker at very low maintenance or
risk for some nice quiet tropical return on investment. There are other clever gringos down here that began that way and still find it a pleasant
way/place/process for easy living.
As to fears about losing everything >> allow me to paraphrase "Don't be born unless you're prepared to die."
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