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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (47165)	1/16/2006 6:38:25 PM
From: bentway	Read Replies (1) \| Respond to of 306849

I looked real hard at Baja when I sold out. Americans can't actually buy property there, but you can lease it for 99 years. I thought Baja was way to expensive, for Mexico, but I'm cheap. I've always been leery of Baja because of what happened to some American retirees when I was living in Oceanside. They had leased some coastal condos in a sort of an expatriate community. It turns out the developer that built the condos never actually owned the land they were built on - of course, he was long gone. The Mexican government threw the tenants out in favor of the real landowner, who resold all the condos. They were just totally screwed, with no recourse. A few of them leased back their own condos! It was all in the SD paper.