Las Palomas update?
- Thread starter El Gato
- Start date
jerry
Guest
Well as everyone that's been on the forum for any length of time knows, Dryheat thinks he has a First Class seat on the Condo lifeboat.That may be true but there is the small matter of the hole in the boat.Everyone will go down together.
My guess is he just doesn't like the rental business model and the current theft by owner (Miskin?) works in some way I'm not seeing...hey no surprise there!
My guess is he just doesn't like the rental business model and the current theft by owner (Miskin?) works in some way I'm not seeing...hey no surprise there!
AZ ROB
Guest
Not everyone feels that the Condo's are a "SINKING SHIP" I happen to love both of my condo's but I am also glad I made my purchases this year with the lowering prices. And have it budgeted that if the 1 in the rental pool doesn't get rented out I know that me and my friends will still have a great time. The other Condo is just for me and my wife and we don't choose to rent it out. I think DryHeave was one like so many others who when times were good bought way to many with way to much inflated money and is now pissed because the bottom dropped out. My thought is if you can't afford to leave it empty maybe you should have never bought it...
rockyptjoe
Guest
I remember years ago when I was staying at Playa Bonita (RV Park)....overheard some Californian bragging on how she had just bought a condo, and was going to buy 3-4 more...and cover her expenses with rentals......I wonder where she is right now!!!
T
Tomcat
Guest
Dry, I know you over heard someone call me the black sheep of my family once and now you assume I am your son. I am sorry Dry its not genetically possible for me or anyone else to be your son. And Dry please stop having your mail sent to my address and get back on your med’s please ! What should I do with your mail ? It seems to be a self-portrait, monthly magazine, you teaching your girlfriend to ride a motorcycle and random pictures of your other assorted girl friends. Where should I forward your mail too ?
rockyptjoe
Guest
Tom...that's just so wrong in so many ways......
T
Tomcat
Guest
Joe it was meant to be wrong ! Me dry meats SON ??? now that was really wrong !
dry heat
Pigeon coup coordinator
Now that was creative, I appreciate the time you spent coming up with that. More please
dry heat
Pigeon coup coordinator
You win some (buy low), you lose some (buy high). However never purchase if you can't afford with actual liquid assets and not borrowed debt. Absolutely agree with you that if you can't afford to leave it empty (swine flu, corruption, american tourist get's killed, etc) then you should not have purchased a "want". Good thoughts AZROB. Also, no better time than now to purchase another unit (1 bedrooms are now approaching the high 90's- great purchase price). Good time to buy if you can.
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playaperro
El Pirata
Hey Dry "Seco" Heat I know who u are thanks to my amigas, you are the owner of a local R E Firm...
jerry
Guest
Ok on the "now is a good time to buy" front (we have been there before but I think you are right except for the crony capitalism issue)
No one should buy there until the fees,managment issues and long term debt issues have been made transparent.If you guys remember 4 years ago when many of us were calling bullshit on the place (270k condos that cost 90 to build?????) the boosters were saying the monthly hoa fees would never top 400 a month. Hell they are 650 at the cool looking condo just north of the Mayan (forget the name) and there is no bare rebar in sight.I just think you need a bill of rights for owners otherwise you are just buying a nice hotel room for some New York gangster.
No one should buy there until the fees,managment issues and long term debt issues have been made transparent.If you guys remember 4 years ago when many of us were calling bullshit on the place (270k condos that cost 90 to build?????) the boosters were saying the monthly hoa fees would never top 400 a month. Hell they are 650 at the cool looking condo just north of the Mayan (forget the name) and there is no bare rebar in sight.I just think you need a bill of rights for owners otherwise you are just buying a nice hotel room for some New York gangster.
dry heat
Pigeon coup coordinator
owner of a mexican real estate firm??? hell no. no money in that type of business for the next 5 years. I would rather buy, hold, sell via a real estate broker than get in the business as an actual real estate agent. All I do in penasco is invest a little here and there, nothing more nothing less. I have some commercial interest and own a couple of condo units in penasco (may add another may not).
dry heat
Pigeon coup coordinator
1. you are right, good time to buy. however I too would wait until the fall or winter when things are more transparent and controlled by the owners.
2. $270k for a condo 4 years ago was about the price you would find at any of the developments along sandy beach (if they sold for 270k, it probably cost around 60k to build)
3. HOA fee's have gone down over the last 3 years or stayed flat. The developer was covering 25% of the hoa fee's until each phase was delivered to the owners. At that point the owners had to cover the 25%. Some owners may have been under the impression that it was a 25% increase, however this was not the case and was disclosed on the closing docs. If you include the 25% HOA fee's covered by the developer, the fee's actually went down from 2009-2010, 2011 the fee's were flat.
So Im a new forum member; So Heave; I was impressed by the mtg; So which secret suirrl are you; I am very frustrated by u & others jumping off the ship. I was soooooo pissed by u all that I reblocked from 4/30 out thru August. I am currently owed 10K; I am wondering if u SC (s) received some good faith $ from WWG!!!???? I await ur coments.......
dry heat
Pigeon coup coordinator
1. If you are owed past rental income, I believe suggestions and instructions were given to help owners decrease the balance owed to them (posted on owner yahoo group site)
2. It appears the rental operator is paying owners for rental income moving forward (since feb. 1)
3. Negotiations are on going with the developer regarding various debts and services. Hopefully a resolution will be achieved soon. I am sure you would agree that it would not be prudent to post on a public forum the details of such negotiations. However, the Surveillance Committee has emailed updates when appropriate and when information is ready to be shared.
4. I don't remember the Surveillance Committee forcing anyone to un-block their unit from rentals. I believe this was the statement:
Please make your own decision as to whether or not you want to continue to rent through the current Operadora pending the finalization of these negotiations because we are planning on having a new Operadora on board this Summer.
5. I don't understand your comment regarding "jumping off the ship". If it is in reference to the recommendation of no longer needing to block units, well I assume that was part of the negotiations. In any case the operator had 70% of the units available to rent, thus it would not affect them other than 2 weekends in the year. It appears owners don't take recommendations as a whole and only 30% even did anything about it- it appears you are one of the owners that did. It served it's purpose for a short period, however it was ineffective due to the lack of cooperation by the rental pool owners. Operator averages 25% occupancy, so you can see that they had plenty of units at their disposal.
6. The goal of the meeting was to provide as much detail regarding the situation at hand and what viable options we have moving forward.
7. it does not matter who I am, no one important.
So its apparent that u r a person w/ Authority in HOA matters; How is it that this 6 day rule became a rule w/o a vote? I have parents (retired) and clients, etc that enjoy RP & my condo sometimes on a weekly basis & now ur rules dictate otherwise. This is my HOUSE/PRPOERTY to use how I please.... I again await your wisdom here........
dry heat
Pigeon coup coordinator
I am an owner just like you. I suggest you bring your concerns up with the rental operator or the administrator. Some rules and regulations require a vote, others don't. Unfortunately when someone lives in a co-op or condo regime governed by rules and regulations, we can't use our "Property how I please". Suggestion for that type of endevour would be to purchase a property where you have no restrictions. Even though you say that you "await my wisdom", I would rather have you gain this wisdom by following up yourself along the proper channels when it comes to your concerns. Best.
dry heat
Pigeon coup coordinator
I don't see how one can prevent a prive corporation from using the services of an individual when it comes to consulting them on their operation (happens frequently and often with board members of various fields).
If this is the case, I doubt said corporation would be paying anyone for such rendered services.
I would suggest you contact the person directly if you have any further questions.
If this is the case, I doubt said corporation would be paying anyone for such rendered services.
I would suggest you contact the person directly if you have any further questions.