Back Home in Truckee and Lovin it!

Well I have been home almost a week now and haven’t blogged.  Thought I would just put down some quick thoughts relative to real estate that I noticed during my recent travels south of the border.

“When the U.S. sneezes, Mexico catches a cold (or rather La Grippe)”.  Don’t remember who said it but I sure witnessed it this past month.  On the way back to the states from Baja, we drove through Ensenada and Rosarita Beach, communities located on the Pacific Ocean in  and within 2 hours of the U.S. border.  My first observation was how built up these areas had become.  The last time I was in Rosarita Beach was probably only 10 years ago and it was just a little beach town.  This time I was shocked at the amount of high rise condos and luxury homes that had been built.  They lined the oceanside and were stacked up 2-3 deep on the hillsides.

Upon closer look, however, I noticed that many of these buildings were uninhabited and in fact, many were unfinished.  Hundreds of buildings, large and small, just left to rot at whatever stage they were  when their producers either ran out of money or ran out of customers.  I witnessed a couple of half-hearted “Open House” attempts to market vacant homes or empty lots but the big picture would indicate that their attempts would be futile.

The bottom line is the demand for these beautiful properties dried up with the U.S. economy.   I could feel sorry for the Mexican workers who began to get used to a higher lifestyle, maybe bought themselves a new car, a home, some toys – but hey, isn’t that what has happened to us?

Just an interesting observation and once again another example of what a world market we exist in these days.