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Lee
Ultra Nomad
Posts: 3459
Registered: 10-2-2006
Location: High in the Colorado Rockies
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Looks like your neck of the woods, Paul. El Gavilan.
$660 x $1,500 night. 103 rooms. Speechless.
US Marines: providing enemies of America an opportunity to die for their country since 1775.
What I say before any important decision.
F*ck it.
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surabi
Ultra Nomad
Posts: 3272
Registered: 5-6-2016
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"Eco resort". Gag me. I can just imagine the kind of carbon footprint people who pay $1500/night have, while they virtue signal aboit how ecologically
aware they are.
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pauldavidmena
Super Nomad
Posts: 1691
Registered: 5-23-2013
Location: Centerville, MA, USA
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Quote: Originally posted by Lee  |
Looks like your neck of the woods, Paul. El Gavilan.
$660 x $1,500 night. 103 rooms. Speechless. |
Last February we stayed at a place in El Gavilán that was dwarfed by some of the McMexican Mansions nearby. 1 BR, 1.5 Bath, single floor with a nice
kitchen and right on the water. House had its own waste water processing unit that watered the plants with grey water. Quite a bit less per night than
the "eco resort" getting ready to open up on April Fool's Day. I want to go back before some billionaire makes the owner an offer he can't refuse.
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pacificobob
Super Nomad
Posts: 2245
Registered: 4-23-2006
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The hyperinflation of local real estate has me chuckling at those who's council to rent/never buy in Mexico turned out to be way wrong. Likely driven
by fear of things they didn't understand.
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surabi
Ultra Nomad
Posts: 3272
Registered: 5-6-2016
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Years ago when I sold my house in Canada and had some money to invest for the first time in my life, I asked a good friend of mine, who had just
gotten a substantial inheritence, if she wanted to go in with me on buying a piece of property that was just above my lot here in Mexico.
It was raw land that was subdividable into 4 lots, and the real estate market was booming here. The guy who owned it was American, I knew him well,
and he was super savvy about making sure all paperwork was in order, every i dotted and every t crossed. He had lived here for a long time, knew all
about family members coming out of the woodwork claiming the land was theirs, etc.
My friend asked her Canadian financial advisor about investing in this and he laughed dismissively. Said he knew some guys who lost all their money
"buying" some land in Baja, and she'd be a fool to even consider it.
That land was bought by another Anerican who subdivided it, built a house for himself on one lot, built another house to sell on the second, sold the
remaining two, and doubled his money within 2 years.
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pacificobob
Super Nomad
Posts: 2245
Registered: 4-23-2006
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It's common to see 10x value increases here over the last 20 years.
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Lee
Ultra Nomad
Posts: 3459
Registered: 10-2-2006
Location: High in the Colorado Rockies
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| Quote: Originally posted by pacificobob | The hyperinflation of local real estate has me chuckling at those who's council to rent/never buy in Mexico turned out to be way wrong. Likely driven
by fear of things they didn't understand.
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Haven't heard this before. Think it would depend on how long someone was planning to live in MX.
20 years ago, I saw a plat map of Cerritos subdivided into thousands of parcels. Titles weren't in but the ejido were on it.  . Buyers were lining up to get their piece of paradise.
US Marines: providing enemies of America an opportunity to die for their country since 1775.
What I say before any important decision.
F*ck it.
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aburruss
Nomad
Posts: 217
Registered: 2-6-2018
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Even the environmental impact studies are crazy expensive. In order to build on a lot in BCS, that has almost NO native vegetation on any impacted
area... we got a quote for almost $300,000 MXN. I can't stand to pay that, but I also know that the cost will only increase.
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