We have a piece of property in Mexico City that we bought in 2007 - we budgeted paying it off in the Spring of 2010. When we started paying it was 10:1, but as soon as the US economy and the peso went sour, we were able to pay it off early in the Summer of 2009.
Now we're thinking about starting to build on that land and are looking to get the most pesos from every stinking dollar we spend. 14:1 would be awesome and I could get all my "extras" in the house that I want.