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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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Living in Mexico with the peso tanking
Here's something you might want to consider, if you live in Mexico.
With the dollar so strong vs the peso right now (it's virtually at 21.00 as I write), you might want to consider paying for six months or so of your
electric and/or phone bill in advance.
At this point, it's like saving 10-15% with the dollar worth about 2+ more pesos than it was a month ago.
Yes, the peso could go even lower...........but that only means your SAVINGS are a little less. Or, I suppose you could pay even more in advance. A
form of hedging.
We have a couple of friends that live down here seasonally and they have always paid Telmex and CFE A YEAR IN ADVANCE (you estimate with CFE) and the
utilities have never made an accounting error. Not one penny. So, it would seem pretty safe.
When the dollar hits these heights, it's time to SPEND, SPEND, SPEND like drunken sailors on leave. Convert those dollars into goods and services.
Your Mexican friends will appreciate it.
Ugly Americans? Not us!!!
[Edited on 11-11-2016 by Hook]
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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good point! wish I could think of something to buy!
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pacificobob
Super Nomad
Posts: 2298
Registered: 4-23-2006
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i may very well have this wrong...but, when i have payed ahead with CFE, i have been charged IVA when i make the payment, and again when the funds are
applied to the bill. please correct me if i have this wrong. 16%+16%!
[Edited on 11-11-2016 by pacificobob]
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BornFisher
Super Nomad
Posts: 2107
Registered: 1-11-2005
Location: K-38 Santa Martha/Encinitas
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How about a round of drinks at Charly`s? And do it quick before the peso recovers!!
"When you catch a fish, you open the door of happiness."
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bkbend
Senior Nomad
Posts: 693
Registered: 11-27-2003
Location: central OR or central baja
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Quote: Originally posted by pacificobob  | i may very well have this wrong...but, when i have payed ahead with CFE, i have been charged IVA when i make the payment, and again when the funds are
applied to the bill. please correct me if i have this wrong. 16%+16%!
[Edited on 11-11-2016 by pacificobob] |
I believe you are correct. At least I'm pretty sure they charged the IVA when I prepaid yet it still shows up on the bill.
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sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
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| Quote: Originally posted by Hook |
At this point, it's like saving 10-15% with the dollar worth about 2+ more pesos than it was a month ago.
[Edited on 11-11-2016 by Hook] |
Don't live down SOB, but somehow saving 10% doesn't get me too giddy,
reminds me of those gulible TV commercials re: credit cards,
spend a lot and get 1% back, let me know when there is a 30%
savings
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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| Quote: Originally posted by sancho | | Quote: Originally posted by Hook |
At this point, it's like saving 10-15% with the dollar worth about 2+ more pesos than it was a month ago.
[Edited on 11-11-2016 by Hook] |
Don't live down SOB, but somehow saving 10% doesn't get me too giddy,
reminds me of those gulible TV commercials re: credit cards,
spend a lot and get 1% back, let me know when there is a 30%
savings |
we will be sure to do that...
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Howard
Super Nomad
Posts: 2353
Registered: 11-13-2007
Location: Loreto/Manhattan Beach/Kona
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Mood: I'd rather regret the things I've done than regret the things I haven't done.
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| Quote: Originally posted by willardguy | | Quote: Originally posted by sancho | | Quote: Originally posted by Hook |
At this point, it's like saving 10-15% with the dollar worth about 2+ more pesos than it was a month ago.
[Edited on 11-11-2016 by Hook] |
Funny you should bring up 30% savings, in Loreto they just announced the discount on property tax is discounted 30% for paying it early which I
believe is really just on time. Just like last year.
Don't live down SOB, but somehow saving 10% doesn't get me too giddy,
reminds me of those gulible TV commercials re: credit cards,
spend a lot and get 1% back, let me know when there is a 30%
savings |
we will be sure to do that... |
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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Udo
Elite Nomad
Posts: 6343
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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This is the time we need a "LIKE" button!
| Quote: Originally posted by Hook | Here's something you might want to consider, if you live in Mexico.
With the dollar so strong vs the peso right now (it's virtually at 21.00 as I write), you might want to consider paying for six months or so of your
electric and/or phone bill in advance.
At this point, it's like saving 10-15% with the dollar worth about 2+ more pesos than it was a month ago.
Yes, the peso could go even lower...........but that only means your SAVINGS are a little less. Or, I suppose you could pay even more in advance. A
form of hedging.
We have a couple of friends that live down here seasonally and they have always paid Telmex and CFE A YEAR IN ADVANCE (you estimate with CFE) and the
utilities have never made an accounting error. Not one penny. So, it would seem pretty safe.
When the dollar hits these heights, it's time to SPEND, SPEND, SPEND like drunken sailors on leave. Convert those dollars into goods and services.
Your Mexican friends will appreciate it.
Ugly Americans? Not us!!!
[Edited on 11-11-2016 by Hook] |
Udo
Youth is wasted on the young!
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norte
Super Nomad
Posts: 1163
Registered: 10-8-2008
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Only matters if you pay in dollars...and that may not mater soon if the put a tariff on changing to pesos. either way you are screwed if you bought
into the Mexico is cheaper stuff. Soon Obreogon will kick you out anyway.
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ncampion
Super Nomad
Posts: 1238
Registered: 4-15-2006
Location: Loreto
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Mood: Retired and Loving it
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All you need to buy is pesos. Then hope it doesn't reverse.
Living Large in Loreto. Off-grid and happy.
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shari
Select Nomad
Posts: 13045
Registered: 3-10-2006
Location: bahia asuncion, baja sur
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Mood: there is no reality except the one contained within us "Herman Hesse"
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It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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| Quote: Originally posted by shari | | It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details |
shari..when stuff is priced in dollars its the same price...
when stuff is priced in pesos itbecomes a bargin...sometimes
the dollar is not devaluing the peso is
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mtgoat666
Select Nomad
Posts: 18114
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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| Quote: Originally posted by shari | | It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details |
Lots are too small. Houses don't have privacy or buffer from noisy and possibly obnoxious neighbors. Isn't that Udo's unsold house problem, too
close to a party house?
The real estate market needs to wise up and realize that in remote boonies like here, lots should be large.
Never understood why such small lots exist in an area of boundless undeveloped space.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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Common situation. Small lots...small price. Buy two.
"YOU CAN'T LITTER ALUMINUM"
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shari
Select Nomad
Posts: 13045
Registered: 3-10-2006
Location: bahia asuncion, baja sur
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Mood: there is no reality except the one contained within us "Herman Hesse"
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there are small lots and big lots...many are 500 square meters and there are some double lots 1,000 square meters and also some big parcels if you
want ejido land.
Yes Udo's house is close to another house and not sure just what is going in next door as construction was halted long ago...but other houses are well
situated like Red Mesas place is a double lot and completely walled in, private, nice Nomad neighbours and just a great deal at $75,000!!!
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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 mtgoat666 | | Quote: Originally posted by shari | | It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details |
Lots are too small. Houses don't have privacy or buffer from noisy and possibly obnoxious neighbors. Isn't that Udo's unsold house problem, too
close to a party house?
The real estate market needs to wise up and realize that in remote boonies like here, lots should be large.
Never understood why such small lots exist in an area of boundless undeveloped space. |
Each part of town is different...our lot is huge along with all of our neighbors.
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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this thread is about the peso tanking to the dollar...
anything priced in dollars is the same price
anything priced in pesos...
maybe there is a "deal" when the peso drops in value
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Pescador
Ultra Nomad
Posts: 3587
Registered: 10-17-2002
Location: Baja California Sur
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| Quote: Originally posted by pacificobob | i may very well have this wrong...but, when i have payed ahead with CFE, i have been charged IVA when i make the payment, and again when the funds are
applied to the bill. please correct me if i have this wrong. 16%+16%!
[Edited on 11-11-2016 by pacificobob] |
I looked at my bill and prepayment for this year, and they only charged the IVA when they took money for that two month bill. So, no, effectively
only charging the IVA for the amount of your bill.
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Udo
Elite Nomad
Posts: 6343
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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Who said I have a problem with the house?
The place next door has not been touched in years and is now for sale.
Our house sits on one single large lot (it was originally two lots). The only thing in front of the house is a patch of sand, the Federal zone, and
the Pacific Ocean.
All the parties and noisy neighbors are in the town itself. Our house is located at the North end of town, with maybe 4 neighbors within 1000'.
And the way the breeze blows, even the BA fiestas could not be heard.
| Quote: Originally posted by mtgoat666 | | Quote: Originally posted by shari | | It sure is a great time to invest in property down here...in Asuncion there are several houses for sale in the $50,000 range that are 2 bedroom, half
a block from the beach with power and water...super deals and 3 Beach Houses on the market from $75-130,000....and lots of lots for between 3-5 grand
too!!! U2U me for details |
Lots are too small. Houses don't have privacy or buffer from noisy and possibly obnoxious neighbors. Isn't that Udo's unsold house problem, too
close to a party house?
The real estate market needs to wise up and realize that in remote boonies like here, lots should be large.
Never understood why such small lots exist in an area of boundless undeveloped space. |
Udo
Youth is wasted on the young!
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