Here are some of the photos from my trip to San Felipe. The following photos with the palm trees are views from the condo units closest to the water. All those condos are sold out, resales are already around $400k.
Wednesday, December 13, 2006
San Felipe Trip 2
Wednesday, November 29, 2006
San Felipe - El Dorado Ranch Trip
I see a town that is bustling and growing and locals that enjoys the effect of the dollars. I hear positive feedback from the others that bought property in San Felipe. It is definitely a bolder move than just investing in Real Estate in the States. Most people are not familiar with the El Dorado Ranch development or have been misinformed about buying and owning properties in Mexico and residing in Mexico. In my situation, it's Baja Mexico or B.C., Mexico.
As the word gets around more an more people will be migrating to Baja and retire and play in Mexico because it is affordable. But as we all know, the affordability factor rises when it becomes in demand and the supply is low. Prices goes up and the cost of living goes up also and becomes inflated. Later on property lots will become more and more expensive. So going in early, you pay cheaper prices. When the developement becomes sold out the next one will be more expensive. As the community becomes populated the need for services are supported so it creates opportunities to create a thriving businesses supported by the people in the community, theres money being brought and spent in Mexico.
So, in summary, I loved San Felipe and the more I hang out there the more I see the things that I could be doing there. There's plenty of activities waiting for me in San Felipe.
There are also opportunities for businesses to start in San Felipe that the Americans need, that the city needs. It's a city that is growing and developing into a tourist attraction. The local are enjoying the fruits of their labors, they have nicer cars and can afford to even have American toys like Quads - they love the Americans and their dollars!
I bought a property at the El Dorado Ranch Development for $40k! I can build a house here from $75 to $110. per sq. ft. The lot size is 10k sq. ft. I did not even see this particular lot. My nephew said it was his favorite. The other lots are being bought by the other visitors and they are usually the bigger irregular lots that are more expensive. The $40k lots are practically all gone.
more to come on San Felipe ...
Saturday, November 11, 2006
Endless Summer
I dread the fall and winter seasons - it sucks! I'm a warm blooded person and I get very sluggish in cold weather. I get depressed when I don't get enough sun and brightness. I am not fond of the rain either. Rain is nice when I am sleeping, not when I want to be outside.
San Felipe temperature is better in November! Hawaii has the best! Imagine, people in the Bay Area are wearing jackets and turning on the heaters in the mornings and evenings - while if I am enjoying warm summer weather in in San Felipe or Hawaii, endless summers. I can imagine that in November 2007, one year from now, I will not be here in the Bay Area!
Ideal temperature for me is 75-85 F and I can deal with that 365 days a year! I can deal with the cold weather if I am just visiting or vacationing and will last no more that 1 week. Yeah, Lake Tahoe in the spring is beautiful when the days are warm and there's still snow everywhere. I am no longer a fan of skiing or snowboarding, those sports no longer excite me. I have to be careful with my left knee because I injured it long time ago and re-injury is not a good thing - I need my mobility. I miss ice skating! I want to do that this year with my daughter, she's 16! My sweet sixteen daughter!