
jerezano
Oct 16, 2008, 4:36 PM
Post #17 of 27
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Re: [bournemouth] Should I be nervous?
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Hello, Bournemouth, talking about Manzanillo area said:>>But Jerezano - you can still buy a condo right on the beach in the $150,000 range, which for right on the beach in an area with insfrastructure, is not bad. You can buy little houses not far from the beach under $100,000. And, true enough, you can buy a mansion on La Punta for over 1million US.<<< Not mentioned is what has happened in the stores, the restaurants, and the other facilities. As I understand things in the US, the median price of a house was roughly $150,000 usd before the recent debacle. Houses in some areas have dropped 40% (California, Arizona, Florida, etc) and are forecast to continue dropping until the end of 2009. Too, many of us oldesters consider $100,000 as a luxury home no matter where it is. Not all of us are used to California or New York City prices. And all those prices are US prices not Mexican prices. The price of an upscale, brand new home here in Zacatecas ciy will in a gated private development not run over $1,000,000 pesos. Of course, no beach. Normal middle class homes can be reached at $450,000p to $850,000p. What I am suggesting in my previous post if Roger is looking for an investment near or on the beach he should consider a location like Manzanillo BEFORE it started its explosion about 6 years ago. That new Magna devolpment in Sinaloa which is supposed to be twice the size of Cancún has all that potential if picked up now, plus the advantage of living on the beach while watching your property increase in value. There is another development at La Pesca on the Gulf of Mexico which is also underway but the Northers in that area are fierce. Climate just like in the Rio Grande Valley. Only a freeze every ten years or so, but cold and miserable weeks during normal winters. I am not a real estate investor and I regret the opportunities I have had in the past and not taken advantage of. Like many of us I can say I knew Puerto Vallarta, Manzanillo, Aticama, Chacalá etc when..... jerezano
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