OT: Baja Condo Projects

[davelj]

It’s a real mixed bag down there, but most of the bag is not so good. As pointed out above, there are lots of half-completed and half-occupied complexes. But there are also plenty of fully-occupied projects as well, but you do have to be very careful.

Generally, prices have come down about 40%-50% in most places. But there haven’t been many actual foreclosures because most folks put down at least 30% when they bought – because that’s what was required when getting financed down there – and there were a lot of all-cash buyers. The typical buyer took out a $100K line against their house in California or Arizona and used it for a down payment on a $275K condo… and then defaulted on the line against the house but hung onto the condo.

Part of the problem, of course, with knowing exactly what’s going on down in Baja is that there’s no official MLS and the public records aren’t digitalized or readily available. Also, it’s very complicated to foreclose on a home in Mexico. So, it’s not easy to know exactly what’s going on down there.

My advice – worth exactly what you’re paying for it – is only buy if (1) you plan on owning it for at least 15 years, and (2) you’re in a mostly full complex (for HOA reasons). I don’t see much price appreciation down there for many years – Baja got way way overbuilt.

[bake]

not to mention the possibility of getting kidnapped or shot…

[bake]

not to mention the possibility of getting kidnapped or shot…

[bake]

not to mention the possibility of getting kidnapped or shot…

[bake]

not to mention the possibility of getting kidnapped or shot…

[bake]

not to mention the possibility of getting kidnapped or shot…

[Anonymous]

I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.

[Anonymous]

I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.

[Anonymous]

I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.

[Anonymous]

I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.

[Anonymous]

I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.

[briansd1]

[quote=deadzone]I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.[/quote]

I like Mexico and I’ve been many times.

I agree that the fear mongering is too much.

Mexican people are nice. But I’m not really into the food and lifestyle down there. That’s too bad for me because Mexico is right next door for the taking.

[briansd1]

[quote=deadzone]I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.[/quote]

I like Mexico and I’ve been many times.

I agree that the fear mongering is too much.

Mexican people are nice. But I’m not really into the food and lifestyle down there. That’s too bad for me because Mexico is right next door for the taking.

[briansd1]

[quote=deadzone]I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.[/quote]

I like Mexico and I’ve been many times.

I agree that the fear mongering is too much.

Mexican people are nice. But I’m not really into the food and lifestyle down there. That’s too bad for me because Mexico is right next door for the taking.

[briansd1]

[quote=deadzone]I know it is a mess down there, but fearmonguering on this side of the border is out of hand. I am still waiting for somebody to show me evidence of American tourist (or retiree living in Baja) who was murdered or kidnapped down there recently.

And don’t bring up cases of American “citizens” who were killed who obviously were involved in drugs or other dirty busineess.[/quote]

I like Mexico and I’ve been many times.

I agree that the fear mongering is too much.

Mexican people are nice. But I’m not really into the food and lifestyle down there. That’s too bad for me because Mexico is right next door for the taking.

[Author]

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