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- Go to Buy Real Estate in Puerto Penasco, Mexico = Rocky Point
Damon, si, si senor, we are a greedy Capitalist nation and everyone knows
it. We are busy trying to export the sentiments to other nations, even as I write this. Nothing new there, no?
All come crashing down, fer sure, fer sure, but not in some huge catastrophic crash, I don't think. More like the ancients in this land before we arrived here. The land changed, the water disappeared, the sun baked them and they had to leave or die. I see that future here. There will be no water for the desert, crops will fry in the fields and people who cannot live without airconditioning and swimming pools will leave quickly.
I have no airconditioning and no pool and never have had, so, I'll stay when that happens.
Just wait, Australia will go mad at some future point, also. It is everyone's destiny to want too much, to use more than necessary, and to accumulate tons of crap and then throw it away, half used. God knows why, but it's the curse of rising standards of living. Just wait.
Then when the earth is one bald dry dust ball, we will just blow away with the dirt in the winds....oh, yeah.
posted by
benzinha
on August 23, 2005 at 1:28 AM
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deks, yes, I noticed. However, when Cancun was being built everyone said
that no one would go to the east coast of Mexico, let alone into the desolate jungle, poorly populated areas. Well, it grew like Topsy and everyone I know has been there once, except me....sigh....
Then gringos started buidling homes in Guaymas and San Carlos, Mexico and everyone wondered where the heck that was and who would move there? Now it is so over populated, that gringos are looking for new places, growing places. We Arizonans like to be about one day away from a vacation home and so we choose northern Mexico.
The standard of living does go down in some ways, but any American can do that, we all live so high on the hog. AND, my brother-in-law is busy trying to talk his cousin into putting a real live upper class clinic in Rocky Point and offering emergency evac flights for those who want to go home immediately.
People are busy imaginging the infra-structure and planning it and building it. I know realatives of mine are planning fast food franchises of American foods for those who just can't leave their burgers behind.
I am a shill, for my baby sister. She sold her first retail store site for the neww mall being built and she's only been there two weeks. Her husband, Sergio Duenas Jimenez won the nomination for best realtor in all of Mexico for 2005. He is the best. And he was in charge of planning infra-structure for the state of Jalisco , Mexico for about a decade and he will do much for Rocky Point, I think.
tanks, a taosand tanks for commenting....
posted by
benzinha
on August 23, 2005 at 1:20 AM
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Real estate?
I thought I knew you Benzinha.
Didn't you know that there's a bubble in real estate right now? Like the Internet bubble. Of course you could make a bundle if you got in and out quickly, but most have the buy and hold mentality. My mother said she wouldn't move to Mexico because she didn't want her standard of living to go down instead of up. You said it yourself, that the phones stink. Then there's health care to consider, expecially for the older folks.
Wow. Such a nice lady, suddenly has become a shill....
Don't you notice my tongue in cheek? Well, maybe it's not there.....
posted by
WindTapper
on August 22, 2005 at 2:58 PM
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benzinha...
...I've spent time in Phoenix (and other SW cities and states) and was truly struck by the greed and madness of it all.
America is the least resource-aware nation on the planet. This is usually noted in terms of oil - 6% of the worlds population using 25% of the annual oil supply - but a similar story can be told about water, too.
Well, you can't buck the natural system forever. One day, the natural system will kick back, and then there's trouble!
Take good care.
D
posted by
DamonLeigh
on August 22, 2005 at 3:18 AM
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oh, and Damon, prices in real estate may crash periodically, but here in
the southwest of the US, they never fall very far. Look at American western growth, its exponential and sucking water like a thirsty elephant. Our problems will arise from allowing so many golf courses and swimming pools. I think that we have enough golf already and I believe that we should have lotteries for new pool constructions. Only a few a year and non-transferable to another property and if not used within one year, they expire.
Desert newcomers are water fools and desert old timers don't stop the fools, calling it good economic growth numbers and allowing everything foolish that is ever proposed.
Imagine flying over the core deserts of Australia in a plane, looking down and seeing blue dots of pools from Sydney to Perth. Idiocy. WE have that. All of our rivers are dry 345 days a year and we are experiencing drought, ten years now. The pool builders are doing more business daily.
At least, Tucson doesn't have the green lawns, false lakes and huge fountains of Phoenix. We have mostly switched to desert landscaping, but newcomers think it's too minimal and can't appreciate the stark beauty of it. Many are buying into foolish new housing developments with their own little fake lakes, which become stagnant and dangerous from the static, unsustainable conditions. Sigh.
But, that's another blog post rant, another day.
posted by
benzinha
on August 19, 2005 at 3:50 PM
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JJWilde, like buying into the Stock Market and believing in false
corporate accounting and earnings projections. Corporations fall apart more regularly in this country than Mexican governments becoming unstable lately. I fear that more than Mexico....
But, a person must be informed and cautious in all money affairs, no? I never have any so I throw caution to the winds when spending my five cents a week!!!
posted by
benzinha
on August 19, 2005 at 3:37 PM
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DamonLeigh, fer sure, all real estate in this area is overpriced, but then
everyone in America is moving to Arizona and Northern Mexico because of the prices of utilities back east here and No More Snow!!! Older people want an easier life. Baby Boomers and all that. Our problems are having water for everyone.
Maybe I should suggest that everyone in Rocky Point along the beaches build on stilts!!!
Thanks for reading.
posted by
benzinha
on August 19, 2005 at 3:34 PM
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benzinha,
Thanks for the information. A friend, with whom I have traveled to Peñasco many times, has been considering property in Mexico, although his plans are not firm at this point. He has told me that the regulations had changed on ownership, then I heard out of date information on TV, so I had no idea what was going on.
I'll keep your realtor information and give a copy of it to my friend. It looks like now it is just a matter of seeing that all paperwork is done properly. Actual ownership of land, even in the U.S., is really nothing more than a belief in the stability of the government of the country.
I think I'll worry less about the ''rising seas'' than about driving safely. As far as economic concerns, one has to consider those in not taking property in Mexico as much as one must consider them in taking property. Either can be disastrous.
Whatever one does, a proper sense of perspective is of utmost importance. 
JJ
posted by
Jack_Flash
on August 19, 2005 at 9:00 AM
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I'm in Real Estate...
...and I'd be VERY nervous of this one!
For a start, what goes up, must come down. And when you see that kind of growth, it simply cannot be sustained, will almost certainly be massively over-bought, and then there'll be a price crash as prices return to more realistic levels. It happened this way far, far more times than not.
More worrying in the long term - why would anyone want to buy at the beach now when global sea levels are rising?
Just a thought.
D
posted by
DamonLeigh
on August 19, 2005 at 8:30 AM
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JJWilde, they used to 'lease' to foreigners and that was 'iffy' as they
weren't firm papers of outright ownership. NOW, they are bank trusts, Fidecomisos, and you own it as you do any mortgaged property in the US, with the bank holding the papers. The change is that the bank continues to hold the papers even after you pay off the house and you must renew your 'ownership' every fifty years or sell it before the time is up. It can be inherited and renewed by the inheritor.
Gringos forced these changes as Mexico really wanted the development and we have all been burned before. 40% of the investments in Rocky Point are Mexican, so it's a joint growth and development effort.
Anymore questions, ask my sister via email. I'm an idiot artist and what do I know? Thanks for reading.
posted by
benzinha
on August 18, 2005 at 4:07 PM
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ca88andra, I like growth, too, but worry so over the natives becoming mere
servants to the masses of foreigners. We talked about starting up small businesses and then teaching commerce, the gringo way and then leaving the businesses to the Mexicans. May try it.
posted by
benzinha
on August 18, 2005 at 4:01 PM
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benz,
What's the story on actually owning land in Mexico if you are a U.S. citizen? I know it used to be trusts with the banques and a lot of what seemed like ''iffy'' agreements through the Mexican government. The U.S. citizen never actually had ''I own that'' title. Is it still the same? Some tell me no, some tell me yes. For anyone who is not involved in real estate to shout at my doubts with an angry, ''I am tellin' yuz, I know,'' is for me to disbelieve them.
Do you have any idea?
I've been to Peñasco many times. It has been about eight years since the last. Sounds like they have almost finished converting to a gringo whoopty-doo joint. Para mi, prefiero la Alma Mexicana. Tiene la corazón hispánica. 
JJ
posted by
Jack_Flash
on August 18, 2005 at 5:11 AM
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Sometimes when real estate takes off, it really takes off! Small sleepy places can develop into huge cities, or expensive resorts. Some people are against it, but I rather enjoy watching new places grow.
posted by
Ca88andra
on August 18, 2005 at 4:40 AM
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well, Whacky, I can only visit the family's mutually purchased place!!!
I have not put one dime into the purchase of this little house down there. But, I will go visit it often! For FREE!!!!
posted by
benzinha
on August 18, 2005 at 1:09 AM
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Sounds like a good investment
alas I can only dream....
posted by
Whacky
on August 17, 2005 at 9:13 PM
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