[Mexico Resident]

Well said.

[Mexico Resident]

I’ve already raised this question before. Saying latin america (or mexico) is corrupt and dangerous is a little bit like saying the USA is clean and safe. Both would not be accurate. One thing you are missing in Panama (I believe for sure in the large cities) is the large population of indiginous peoples who speak pre-columbian languages. I continue to be fascinated by it. It’s a place with a lot of soul.

[Mexico Resident]

“The 30% drop in sales is huge, but that appears to be almost completely the lack of investor buyers in the market.”
/Steve, I think this is an example of why people tend to pull your chain. You’re AGREEING with a previous post but you have to qualify it. Who cares WHY there was a 30% drop, it’s still HUGE. I think your statement that declines were only 5% is misleading. Why not say the decline was only 2% and quote the figure for the entire continent? If you look at distinct markets I think you can seem some with 10%+ declines.

[Mexico Resident]

Most of you guys are such SD elitists. No wonder the prices are ridiculous.

[Mexico Resident]

Steve Beebo,
Your data could be mined. Or is it real? You would have to do analysis on each property to make sure no major remodels or other factors intervened. This is why I tend to agree with sdrealtor who drills down a little more in his analysis. Why do you think that the downturn could last 1-2 years instead of 5-10 years as suggested by historical trends? I have not lived in So Cal in years and some of the antics on this board make me glad I DON’T live in So Cal. It was a land of opportunity 50 years ago but I’m not so sure now.

[Mexico Resident]

I can see that most of you are typical San Diego people posting on this board

[Mexico Resident]

Steve,
So come on and respond to sdrealtor! His last rejoinder was pretty potent. Who cares about Warren Buffet. Jeez, if you don’t respond I will assume you are admitting defeat.

[Mexico Resident]

Are you sure what you are commenting on are “facts”

[Mexico Resident]

This talk of contracts and obligations is ridiculous. Some of you are afraid that maybe indirectly through a website there might be some fine print somewhere? Give me a break! A house is a major investment. If your gut says someone is not working in your best interests, do not do business with that person. Even if you think you can ignore their advice it can get pretty strange if that person thinks they are the realtor controlling the client (as they often do). You need to think of yourself because YOU are spending the money and taking the responsibility. Do not let a salesperson control the situation. And I agree Nancy_s sounds like a realtor. She seems to be VERY concerned about the commission but doesn’t care a bit about the person spending all the money.

[Mexico Resident]

jg, I am an expatriate. I have quite a few years here. I would say let your conscience be your guide. Your friends might have had a kidnapping risk if they were say highly placed executives, or lived a lifestyle that shows wealth, etc. So, there is enough risk to consider it as a factor, especially in Mexico City. A much higher risk is petty theft. You learn to be pretty street smart. I could tell some stories. It’s an incredible country and people, though.

[Mexico Resident]

Ha, Ha. Yeah, I was playing golf with Ben the other day. I told him that really he needed to make his own decisions because after all HE was the fed chief. He responded “Nine iron!” You guys should get off of PS’s case. She makes some pretty thought provoking statements.

[Mexico Resident]

What could make this very interesting is if the Fed decides not to lower interest rates. Do any of you gurus think this is possible on account of the Fed might have to defend the dollar against other currencies?

[Mexico Resident]

PS, I love your posts. Very well written. However, your prediction of 75% (or 90%) default rate based on the fact (assumption?) that people have no equity in their home is a stretch. There are many factors that go into a default, but one big one is if the owner is unable to make their monthly payments. To say that 75% of owners are unable to make their monthly payment would require a bit more analysis beyond what you said. I would like to know the answer. But, the current default rate I believe is in the low single digits.

[Mexico Resident]

OK, I stand corrected. But what is wrong in giving to a cause that helps humanity (yourself included)? I wouldn’t say you are the primary beneficiary, it would be humanity.

[Mexico Resident]

“Conservatives give more money, more time, and more blood than liberals.”
“This Cannot Be True”
That’s called denial.

[Author]

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