Anybody But Me Been Hearing This Ad on the Radio???
- Thread starter Stuart
- Start date
jerry
Guest
. Not sure if it is a smart time to buy but interest is way way up down in my area...whether things actually get built......another story
We have had 3 of our 8 shares change hands in the last quarter. Selling families have grown up, cant get all the kids together anymore.,,,New share holders - grand parents w younger families and local grand kids starting a family tradition, 2 young(er) professional couples who love going down to work and play. Same work, better view! .......
Our new grand baby has been to Mexico 3 times, and he is still zero years old!
the 1/8th share thing is beautiful. we cant be there full time, don't want to own the whole place. Every 8 weeks, off we go. Been down almost 70 times in last 12+ years
What ablessing
Our new grand baby has been to Mexico 3 times, and he is still zero years old!
the 1/8th share thing is beautiful. we cant be there full time, don't want to own the whole place. Every 8 weeks, off we go. Been down almost 70 times in last 12+ years
What ablessing
Sounds like you've found something that works for your family! Glad that works for you! I would like to someday own in Mexico, but more likely will be in San Carlos, rather than Rocky Point. There are plenty of happy gringos with property in Mexico. But buying an existing home/condo/casita is a MUCH different thing than ponying up a bunch of money as an "investment" from a guy who already got his license jerked in another state and is selling the same broken record of a failed project (projects) that lots of folks already lost money on. THAT is the scary part. If the marina, and the casino, and the home port and Jack Nicholas golf course and the homes/condos this guy is promising already existed, I'd likely give the guy a break. Ain't no way in hell the homeport will be up and operational in 2018 as he touts in his ads. We are nearly halfway through 2017. You see anything more than a pile of rocks in the water? Me neither. That money got evaporated into somebody's pocket.
Landshark
Guest
Same thing for my family but in Encanto. Been going there for about 17 years. We have 4 weeks a year of usage, about half of them we stay for a week, the others a long weekend. My daughters grew up on our beach and now say it's their most favorite place in the world. Now our granddaughter, age 4, has been joining us since she was born. She can't wait for the next trip down and never stops when we get there. It's like a rerun of our life...priceless! Best decision we ever made was buying into our Mexico home.
Roberto
Guest
Problem there is with owner financing you will have no title or bank trust till it is paid off completely. If the developer goes bust again you are sh-t out of your cash. They have put up a lot of SOLD signs in the windows of quite a few condos. The all went up overnight !!! That's the old method used to create some excitement and motivation. Mr. Big was well known for that .
Year ago when we were still diving we went to San Carlos all the time. Also I had Ford in Hermosillo as a client which helped. But we were very slow and every time something happened that stopped the construction. So we started coming to RP and bought at Spa. They had a track record of being able to finish. Like a lot of people I own a lot with no house and no deed to house or lot. And Bella which somehow managed to complete.
Estella
Guest
Wow man wow. I keep telling people that every real estate near the beach in Mexico is a scam but they just call me a troll. You as a foreigner can never own property on the beach in Mexico it is in the Mexican constitution. The way the scam works is Mexican bank owns your property, you are just an investor, you never get the 100% ownership deed.
I bought into the "scam" 22 years ago, best thing I ever did! Now my kids and grandkids will get to enjoy it after I move on. It ain't for everyone (thank god). But it's mine just as other things I own that are held by a corporation. Just a different way of doing it.That's why I didn't pay California or florida prices.But I'm not trying to convince you, stay away if you're not cool with it, less line at the border and less people on the beach suits me fine.
jerry
Guest
been in my house 10 years...use it an average of 2 months a year.....been fun.... but would I build again right now under the current circumstances? yep...
Southbeacher
Guest
And here I always thought that leasing a car . . . a home . . . or property in Mexico – unless some information is withheld in the transaction -- was an agreement rather than a scam. If -- sitting in front of my place with beer in hand, toes in the (leased) sand and eyes on sunset for 20 years – I’ve been scammed, victimization has never felt so good.
brokenwave
Guest
Been in mine for 27 years and watched all 4 of our kids grow up during the 4-5 weeks per year we stay there. 3 of the 4 would kill us if we ever thought of selling it.
Our youngest girl was 12 days old when we took her for her 1st trip, on a Memorial Day week, (20 years ago and No electric at the time) she didn't like it then and would be OK to sell it.
Our youngest girl was 12 days old when we took her for her 1st trip, on a Memorial Day week, (20 years ago and No electric at the time) she didn't like it then and would be OK to sell it.
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playaperro
El Pirata
The new owners are the people with the frozen fish sales store by the BK, don't think they'll be running out of frozen shrimp soon, Hope those sold signs are not FAKE NEWS.
I could write a book....