
Kevin K
Jan 20, 2011, 7:34 AM
Post #6 of 12
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Re: [Gringal] Are you trying to sell your home in Lakeside?
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Well it could be worse. We have friends who moved here who bought up in Patzcuaro in '06, which was probably the peak of the real estate frenzy both here and there. As you can imagine, not a lot of gringos buying up there at the moment. I wish those trying to sell their homes the best, but IMHO there aren't any hopeful signs on the horizon in terms of U.S. buyers. More downside for housing prices in most of the U.S., likely sustained double-digit unemployment. Americans tend to be uniquely obsessed with owning rather than renting, but it's a dubious idea in the U.S. and a bad one in a developing country with an ongoing civil war and dubious rule of law, where one could need to pack up and leave at any time. Problem is most of the publicity of Lakeside is by people and online venues with a vested interest in selling real estate.
(This post was edited by Kevin K on Jan 20, 2011, 11:16 AM)
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