Saturday, December 24, 2011

San Angelo 08

They are busy hoisting these things near the North side of the city.....

San Angelo 08 from San Angelo 08 on Vimeo.

Here is the official Link.

Aesthetically speaking, I am sure there this place will be very beautiful once they finish it. My guess would be another 2 years to complete it out since they have been working on it for six months already and still are not done with the subterranean parking garage. But a few more things I might point out....
  • As you can see from the American flag on the bottom of one of the website pages, they may be counting on expats to help sell this thing through.
  • Mexicans keep different hours from Canadians and Americans, for the most part. Mexicans are extremely loud, on average, and do not respect their neighbors as readily, i.e. stereos, parties, anything that generates noise. What I am saying is that living in an adult living environment in MX is comensurate with dorm life for college kids at say UCLA or the University of Texas.
  • This entire buildings will be made mostly of concrete and steel. Sound will reverberate through this entire structure like a tuning fork, unless they take the time to insulate the walls.
  • I believe these will be the tallest buildings in Merida when completed. This will garner much attention, at least at first. 
  • The views will be ?????. You are 19 miles from the coast and are overlooking brush covered fields around the Periferico Hwy. But hey, at least you can see Wal Mart from your living room. 
  • Not sure how they are pricing them but I would be interested to see if they will be higher than they should be. That is what many real estate ventures in MX and the U.S these days. Las Fincas is an example. LF is now selling double lots for the price of one at that development. It is a sign that the developers overextended themselves. I know. I physically walked the development with Fransisco (my attorney) and saw them charging $350K for base models before upgrades or a pool. Just an example of the cycle these great development ideas run here. And Las Fincas was designed, in part, with the advisory of paid U.S. land developers to draw in American buyers and consumers. Apparently they are struggling with selling through on it now.
My advice, if you are dead set on moving here, is to come down and rent for at least six months to a year while you educate yourself on this real estate market. They don't have an MLS system here like the U.S. so prices in this market are floating all over the place. Come down and buy land and build to your specs and preferences or buy some huge run down structure, gut it and build it up with a great plan. That is what I would do.


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