"Mexico is About to Create a Mega Resort: Here?s How You Can Profit" - GoFuckYourself.com

Ethersync · 03-10-2009, 07:40 PM

I know there are bunch of people on this forum living in Mexico. Just came across this. Not an endorsement. Just an FYI.

Quote:

The Mexican government is investing $1.5 billion in a stretch of Mexican coast. This is a real estate opportunity you could profit from.

Infrastructure improvements are one of the biggest drivers of overseas real estate values. I?m talking airports, roads, bridges, and cruise ship ports. Anything that improves the accessibility of a piece of real estate makes it more desirable.

The development of a viable tourism infrastructure also drives values. Golf courses, hotels, man-made beaches, boutiques, restaurants, and marinas all bring visitors. Visitors spend money, which creates jobs. And jobs in turn heat up real estate values. Of course, it helps if the infrastructure improvements happen in a place with a great climate and a short flight from major affluent population centers.

Just north of Puerto Vallarta, along a stunning stretch of coast know as The Riviera Nayarit, the Mexican government is investing $1.5 billion to improve accessibility and develop tourism infrastructure.

The section of government responsible for this is called the ?National Trust Fund for Tourism Development.? Founded in the 1970?s, its task is to create jobs and increase foreign revenue by backing tourism resorts. They think big: These are the guys who set their sights on a coconut plantation as the site for their first major project. Only known by a few local fishermen back then, you?ve probably heard of it today?

Cancun.

Resorts backed by this agency dramatically outperform other beach resorts in terms of visitor numbers, room occupancy?and appreciation in real estate values.

The Riviera Nayarit runs along the Pacific coast north of Puerto Vallarta to San Blas. By 2020, the government expects 14,000 hotel beds and 1 million annual visitors.

Nayarit won?t be a carbon copy of Cancun. Although Cancun was a huge success, its development wiped out any trace of traditional Mexican charm or authenticity. In Nayarit, height restrictions, density regulations, and stricter zoning will help make the resort more sustainable than Cancun.

Many development groups make bold promises about infrastructure and amenities. But this branch of Mexico?s government get it done. They bring the tourists. Jump into their slip stream, buy early-in pre-construction, and kick back while they do the work. Before you know it the piece of Nayarit you bought will be part of a mega and high-end resort. Hopefully you?ll be sitting on a tidy profit.

http://www.todaysfinancialnews.com/r...ofit-8035.html

mozadek · 03-10-2009, 07:44 PM

Do the houses come with bullet proof glass? Shootouts between the federales and drug cartels get messy.

Ethersync · 03-10-2009, 08:04 PM

Quote:

Originally Posted by mozadek

Do the houses come with bullet proof glass? Shootouts between the federales and drug cartels get messy.

That was my first thought too actually

EscortBiz · 03-10-2009, 08:16 PM

does it come with iceboxes incase I find lose heads?

pornask · 03-10-2009, 08:24 PM

Quote:

Originally Posted by EscortBiz

does it come with iceboxes incase I find lose heads?

Or body parts in a wheel barrow (won't post link to the video, as it's too graphic and now against GFY rules)

~Ray · 03-11-2009, 12:16 AM

don't you have to be a Mex citizen to buy property in Mexico?

ExLust · 03-11-2009, 01:47 AM

Thanks for sharing the good news.

John-ACWM · 03-11-2009, 11:38 AM

Quote:

Originally Posted by mozadek

Do the houses come with bullet proof glass? Shootouts between the federales and drug cartels get messy.

It's a reasonable thought

slapass · 03-11-2009, 11:39 AM

You could sell short any stock in the developers as these meg things have historically all gone belly up.

smax · 03-11-2009, 11:41 AM

Quote:

Originally Posted by AdvertisingSex

don't you have to be a Mex citizen to buy property in Mexico?

I believe its beach front property that can only be owned by Mexican citizens

pornguy · 03-11-2009, 11:47 AM

Quote:

Originally Posted by AdvertisingSex

don't you have to be a Mex citizen to buy property in Mexico?

No you dont. You must have an FM3 which is like a green card, and if its coastal or border property then you have to have a Bank trust.

Quote:

Originally Posted by smax

I believe its beach front property that can only be owned by Mexican citizens

No, Anyone can. You just have to have a bank trust. Scotia Bank from Canada which operates here in Mexico can do it for you. It cost about 4k to set up and about 2k a year to maintain.

As for that project they are talking about.. The last time they announced it, it was going to be in Baja so that they could get vehicle traffic from the states.

And yeah thats the same group that created Cancun. But if you have been to Cancun lately you might have noticed that things have gotten a bit out of hand with the construction. As of Last night, there were almost 2 times as many rooms for rent as there were tourists in cancun. Some of the hotels have entire floors shut down because of lack of bookings.

You can buy an ocean side condo 2 bed 2 bath in the 280k range in some DAMN nice buildings. But they are NOT selling.

and every day they continue working on at least 12 other buildings for the same thing.

they are OVER built here and will do the same thing there.

tiger · 03-11-2009, 11:54 AM

Good info for sure but one thing to remember is that many times plans like this don't get completed any where near when they think they will, especially in Mexico. The drug/violence problems in Mexico won't last. They will get a handle on things in the near future.

seeric · 03-11-2009, 11:56 AM

they should invest 1.5 billion dolars in killing the cartels that are ruining their country. fucking morons. its like giving welfare to broke people and they go buy a Escalade with payments.

tiger · 03-11-2009, 11:56 AM

Quote:

Originally Posted by smax

I believe its beach front property that can only be owned by Mexican citizens

Anyone can buy property anywhere in Mexico. You just have to buy it through a bank trust if it is within a certain number of miles of the coast.

Puremeds-J · 03-11-2009, 12:01 PM

good info PG! I always wondered about getting a place in mexico

pornguy · 03-11-2009, 12:06 PM

Quote:

Originally Posted by A1R3K

they should invest 1.5 billion dolars in killing the cartels that are ruining their country. fucking morons. its like giving welfare to broke people and they go buy a Escalade with payments.

But remember how many people would then be unemployeed. How much money the country would lose..

Drugs is the biggest income next to wires home from the US, followed by tourism.

DarkJedi · 03-11-2009, 12:09 PM

Mexico is a fucking war zone

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03-11-2009, 12:16 AM	#6
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03-11-2009, 01:47 AM	#7
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03-11-2009, 11:54 AM	#12
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Good info for sure but one thing to remember is that many times plans like this don't get completed any where near when they think they will, especially in Mexico. The drug/violence problems in Mexico won't last. They will get a handle on things in the near future. __________________

03-11-2009, 12:01 PM	#15
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03-10-2009, 07:44 PM	#2
mozadek Confirmed User Join Date: Feb 2008 Posts: 1,325	Do the houses come with bullet proof glass? Shootouts between the federales and drug cartels get messy.

03-11-2009, 11:39 AM	#9
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	You could sell short any stock in the developers as these meg things have historically all gone belly up.

03-11-2009, 11:56 AM	#13
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	they should invest 1.5 billion dolars in killing the cartels that are ruining their country. fucking morons. its like giving welfare to broke people and they go buy a Escalade with payments.

03-11-2009, 12:09 PM	#17
DarkJedi No Refunds Issued. Industry Role: Join Date: Feb 2001 Location: GFY Posts: 28,300	Mexico is a fucking war zone