I appreciate that qwerty. I believe you are European? Many Americans like to gloat about Mexican failures and miss the point that it is a beautiful country still with many wonderful people. Not saying anyone on this thread is doing that. I am not Mexican, just somebody blessed with sensibilities that don’t ruin anything not American for me. As someone whe loves Mexico I have always appreciated that Europeans for the most part travel there respectfully.
Anyway, what happened in the DF condominium problem that Bubble contagion posted about is not any worse than what goes on here. The element that exists there more is direct fraud of the buyer.I don’t see the fact that the developer circumvented urban planning as too different from what happens here. Developers get what they want, to a large degree anyway, through favors and the “THE PEOPLE” and environment absorb the costs, either gradually or rapidly, in miriad ways.
These people(in Mexico) didn’t even get proper documents . They can’t get the building finished. The parking wasn’t legally specified and now they are basically bidding for parking or going without. That’s definitely an awful position to be in. Many of them paid cash. It does kind of remind me of condo developments and condo conversions projects throughout the county of San Diego. Some condo conversion for instance, still have the 1970’s heating equipment and they were sold to unsuspecting people ,ironically many Mexican immigrants, at three times value and we will all pay for it.