I believe the home port will result in a downturn of real estate prices in some locations.
Prior to the paving of the road from the border to Penasco, San Carlos and Kino Bay were considered the "must see and stay" Mexican destination in these parts. Almost immediately on the road being open, real estate prices started to drop, and have not stopped. Ask my Uncle and Aunt, and a few cousins, about their losses ! They attribute the permanent decline to the road. At the same time prices in Penasco came alive.
The same will likely happen with the opening of the Cruise Dock. Prices for outlying areas that were "opened up " by the new coastal highway going south, as well as the new highway to and from the north, may see a marked decline in desirability and value. I expect these unfortunate areas will include El Golfo, Disemboque, Santo Tomas, etc. At the same time, as before, desirability and value of Penasco real estate will likely increase.
It seem the old rule of "location, location, location" is still valid.
Prior to the paving of the road from the border to Penasco, San Carlos and Kino Bay were considered the "must see and stay" Mexican destination in these parts. Almost immediately on the road being open, real estate prices started to drop, and have not stopped. Ask my Uncle and Aunt, and a few cousins, about their losses ! They attribute the permanent decline to the road. At the same time prices in Penasco came alive.
The same will likely happen with the opening of the Cruise Dock. Prices for outlying areas that were "opened up " by the new coastal highway going south, as well as the new highway to and from the north, may see a marked decline in desirability and value. I expect these unfortunate areas will include El Golfo, Disemboque, Santo Tomas, etc. At the same time, as before, desirability and value of Penasco real estate will likely increase.
It seem the old rule of "location, location, location" is still valid.