For years government officials in Mexico have discussed a new airport
for the fast-growing region around Tulum, south of Cancun.
The
Cancun airport is already over-run and annoying to second-home owners
uninterested in the foam bars of the hotel strip. The drive to Tulum can
easily take an hour, depending on traffic conditions on the one highway
running the length of Riviera Maya. A new airport could open up the
region for a wave of tourism and vacation-home development.
Recent reports in the USA Economy show that more homeowners are keeping up with their mortgage, while Mexican Home Purchasing reports show an increment on home foreclosures.
”The share of homeowners behind on their mortgages fell in the first quarter,…” read the Home Market reports in the USA. “The portion of mortgages that were delinquent 30 days or more fell to 6.57% in the first quarter from 6.60% in the last three months of 2009, according to Equifax and Moody's Economy.com.”
"Culture Clash"
By Enrique Saldana
Definitions of Culture Clash:
Culture Clash is the misunderstanding and disagreements between two cultures.
Culture is learned. The clash is the unlearning of new cultures.
Culture Clash is an American performance troupe composed of the writer-comedians Richard Montoya, Ric Salinas, and Herbert Sigüenza. Their work is of a satirical nature. en.wikipedia.org/wiki/Culture_Clash_(performance_troupe)
Culture Clash is the currently active (2007) Harare Jit band led by ex-Bhundu Boys guitarist/vocalist Rise Kagona and Champion Doug Veitch (guitar ...en.wikipedia.org/wiki/Culture_Clash_(band)
The excitement of moving to a foreign country does not come without a
host of challenges to overcome. Learning a new language, adjusting to a
new job, a new culture, making new friends can be difficult and
frustrating at times. One of the most stressful decisions you can make
when trying to settle in a new country is finding a place to call home.
Regardless of the length of your extended stay, whether it be for a
few months or a few years, trying to identify and secure a long term
rental remotely, with no opportunity to actually SEE the property
before you commit to it, requires patience, due diligence and a certain
amount of good faith. Finding an agent to assist you and act on your
behalf can make the difference between an easy, smooth transition and
one that results in a less than ideal living situation.
IS SOMEBODY
WATCHING OVER YOU?
PDC- Mortgage
Market Outlook
Unfortunately not.
Why I am I saying that you would ask?
Well, let me explain.
Wouldn't you want someone
watching over your real estate interest if you were purchasing a property in
one of the "Hottest" Condo Developments in Town if you knew the following:
Riviera Maya real estate from Cancun to Tulum is set to benefit from
the new highway bridges that will soon be constructed in Playa del
Carmen, said RE/MAX Investment Properties Mexico, experts in real
estate investment, today.
People from the United States, Canada, Europe and other parts of the world are buying real estate in Mexico in record numbers. For those new to the experience, the process can be frustrating and confusing.
Because the legal safeguards and the processes for purchasing real estate differ substantially between the U.S. and Mexico, it is important to seek the advice and assistance of experienced real estate and legal consultants when venturing into the Mexican real estate market.
Playa Del Carmen Real Estate; A Laissez-faire Affair No More
By Enrique Saldana
Laissez-faire: Refusal to interfere in other people’s affairs, or the practice of letting people do as they wish, or the principle of the non-regulation of the real estate industry.
It is a well known fact that Mexico practices the Laissez-faire principle in their real estate industry, and although this principle may very well successfully apply for the economy in general, it is not very healthy in terms of non-regulation of the real estate industry as a profession in Mexico.
An insider's perspective on the media hype that has hit Mexcio in recent months.
By Shawn Bandick
Hello everyone,
This news letter has been going out from One Stop Real Estate in Playa Del Carmen
for several years now. Today I want to share with you a bit of reality. It is unfortunate when we hear from so many of our friends and clients who love traveling to Mexico, , and they are confused and cannot seem to get a clear picture of how Mexico really is today. I hope to help shed some light on that with this article.
My “Compadre” and I always have some kind of discussion and disagreement in regards to the way the world economy is moving.
It is obvious that the thermometer for that is what is happening within the USA economy.
He seems to think that we are still under a tremendous economic meltdown, and I, on the other hand, seem to think we are coming out of the so called “worst recession”, or economic downturn, in our lifetime.
Yes, I have seen many small real estate companies in the area disappear (close), and other “big” name companies downsize, as the economic downturn has hit more closely to home.
There are also some developers whom have been hit by this economic meltdown (downturn).
There are those that are in total disarray, and there are those whom have been able to adjust offering purchasing incentives which will enable them to “weather the storm”, so to speak.
A friend of mine, a very successful Realtor back in Chicago, used to tell me that he “would dance with his clients” every time he would go out to get a property listed. What he actually meant was that he would go and deal with each client differently and according to their needs to ensure he could meet his client’s expectations.
A Look at the Hottest Current Topics in the Mexico Resort Real Estate Market.
By Matthew A. Miller
As the Mexico resort real estate market continues to gain popularity among North Americans, one common theme
exists; an increasing demand for insightful and relevant information among the entire Mexican resort real estate
community, including developers, realtors, owners, resellers and potential buyers. This is especially true in light of
today’s more difficult economic times. Therefore, it seemed worthwhile to highlight the hottest current topics in the
industry as discussed at the fourth annual Mexico Resort Development Conference in Carlsbad, California held in
December 2008.
How Does the Obama Effect Affect the Playa del Carmen Economy?
The election of Barack Obama as the next President of the USA has certainly
removed uncertainty, which will have a positive effect on the USA economy,
since consumers and investors are looking for a new direction and leadership. with
an improvement in the stock market, the US economy will be given a boost, and by helping to recapitalize banks, the
future for the USA economy is looking brighter from here on out.
Investing in real estate in Playa del Carmen; some tips from a local Realtor.
To be successful in real estate, investors
must anticipate fluctuations in the market, as well as recessions.Recessions are necessary for a healthy
economy to avoid inflation and depressions. Always invest and prepare to keep your
properties for a minimum of 5 years.If
you get lucky, and your values increase drastically in less time, consider yourself
fortunate but realize this is not the norm in real estate.
In an adverse
situation like we are seeing in the real estate market today, it is possible to
buy property at cheaper prices, for those who like risk, and it also opens up
the possibility of investing in the stock market. The financial crisis and the current
volatility of the real estate market, foreign exchange, and stock markets can
represent investment opportunities.
Caribe Properties in Playa del Carmen- Open Since 1998!
Meet Trevor Jacobi and Veronica Ortiz Vasquez; Playa del
Carmen Residents, Real Estate Agents and Investment Specialists.
Both Veronica and Trevor work at Caribe Properties in Playa
del Carmen. Owner, Bob McCain, who is originally from the US, has created a
real estate firm that has withstood the test of time, and changing markets, and
has become a strong local company over the past 10 years.
WHO YA GONNA CALL?
-PDC Mortgage Watch
September 2008-
Who doesn't
remember the popular movie "Ghost Busters" that became a tremendous hit in the United
States and all over the world after being released in 1984? Remembering this
film, and thinking about the everyday calls we get from some of the local
realtors, some of them to meet with people to later find out they do not
qualify for a mortgage, has prompted me to begin a list of Important Questions to Ask at the First Interview with your
mortgage property purchaser candidate.This is in an effort to save the Realtor time and money, while working
with clients, and to only dedicate time to qualified buyers.
The Riviera Maya is blessed with a year round temperate
climate, which makes for perfect conditions for gardening; specifically tropical
fruit trees. Although some trees may take quite awhile to mature they can offer
much in return; they act like the lungs of our planet filtering out carbon dioxide
and many of them are extremely useful in other ways as well. Many tropical
trees that bear fruit can easily grow in the Riviera Maya; some are native to
this area and others are not, but most of these are relatively easy to grow
from seed. A handful of these trees include:avocado, banana, citrus, coconut, mamey sapote, mango, papaya and
tamarind.
Meet
Ed Blume: Diving enthusiast, active volunteer and renewable resource expert.
Ed
Blume grew up in northern Indiana, and he always dreamed of living in a
tropical paradise. Now living in Madison, Wisconsin, Ed works as a communications
director for RENEW Wisconsin, an NGO that promotes renewable energy policies
and projects, like solar, wind, and biomass energies.
By Bruce D. Greenberg, MAI, SRA, ASA, President, Valuaciones Montaña Verde, SA de CV
Technically, the United States economy is not yet in an economic recession, which is defined by two consecutive quarters of economic contraction, or negative economic growth. However, many economic indicators such as jobless claims, manufacturing activity, housing starts and core inflation, which have traditionally signaled the onset of a recession, are already indicating that, at the very least, a significant slowdown is inevitable. Despite technical definitions of the current health of the United States economy, one of the obvious causes and weaknesses of the current situation is the sector of residential real estate.