<strong>By Phil Friedman, Correspondent</strong>
Mexico has been reduced to a single, small, geographical piece of this earth. If there is a murder in Michoacan, then the presumption of the 24-hour news cycle has been that it is too dangerous to travel to Rosarito Beach even though it is thousands of miles away.
According to Arturo Martinez from the Mexican Tourism office, no tourists have been killed in the drug war violence throughout Mexico.
Still, on a recent CNN news report, U.S. citizens were warned not to travel to Mexico. Well what part of Mexico was CNN referring to? Mexico is a huge country and to say travel to Mexico is dangerous is not only inadequate information but very misleading.
Please do not misunderstand me. If you want to find trouble in Tijuana, Mexico City, Los Angeles, Chicago, Paris, I have no doubt that with the proper directions, you will find trouble and the dregs of society you seek.
If however, you use common sense, stay out of bad neighborhoods, do not travel at night etc., your journey to Mexico should be not only safe, but a memorable trip with lifetime memories.
Mexico is not standing still amid the criticism, unjust or not. If you have any trouble at all once you cross the border into Baja California Norte, all you have to do is dial 078 and press send on your cell phone. You will be connected with English speaking Mexican travel officials eager to help you, drive out to your location or assist you in anyway. I have personally tried this system on many occasions and never failed to get connected to the Mexican travel bureau.
If you have an emergency in Mexico, you can also dial 911 on your cell phone and you will immediately be connected with and English speaker ready to assist you.
For private boaters, Mexico has announced as search and rescue fleet. The commanders of these Ensenada-based vessels have been trained by the U.S. Coast Guard and speak excellent English. The sole purpose of the team is to help boaters in distress. Their vessels are capable of more than 50 knots and can quickly respond to rescue a distressed boater.
A recent visit by officials from Sportfishing Association of California resulted in the comment that they had great equipment, were well-trained and had friendly personnel. This will greatly increase the desire of yachts, sailboats, and fishermen to go south of the border again. The unit has a 24-hour Radio Watch on Marine Channel 16 and can also be reached by telephone from the United States by calling 01152 646-1-72-40-00.
<strong>www.bajainvestment.com</strong>
Filed under: Events, baja california, baja, Tijuana, Ensenada, Baja´s trips, Mexican Border, Mexico Tourism, Baja´s sports, Baja Fishing, Fishing at baja
David Lansing
davidlansing.com
Friday, June 5, 2009
You know how it is when you’ve got a couple of hours to kill at the airport. You read Vanity Fair, get your shoes shined, wander around the Duty Free shop pricing the Kahlua. And if you still have time on your hands, like I do, you use the back of your receipt from California Pizza Kitchen to noodle out thoughts on how to solve the problems in the Middle East.
So here’s what I’ve come up with: First, Emanuel Rahm quietly goes out and hires Disney’s Imagineers, the folks that brought us a faux-Matterhorn and “It’s a Small World,” to build clever recreations of sections of Jerusalem, including the Wailing Wall and the Damascus Gate, which are then buried under a sandy stretch of desert in northern Baja. Shortly thereafter Hillary announces the construction of a new FasTrak toll road between San Diego and San Felipe, sans border checkpoint, at a joint press conference with Mexican president Felipe Calderon who then proclaims that the Sea of Cortez, named after the despised Spanish conqueror, will henceforth be referred to by its original pre-conquest name, Mar Muerto. The new toll road will be called Carretera de la Muerte (also known as the Sea-to-Sea Highway in the States).
Now, while the toll road is being built, anthropologists are brought in to insure that no important archaeological sites are destroyed during construction and lo and behold, in several sea lion caves along the coast, they not only come across a number of used rubbers and old Corona bottles but some ancient scrolls written in Hebrew, Aramaic, and Spanglish on the sort of wax paper used to wrap fish tacos back in the day.
While the Mar Muerto Scrolls (as Access Hollywood’s Billy Bush soon dubs them) are being deciphered, an earth mover pushing over cardon cacti uncovers what appears to be the ruins of a buried city near the town of Rosarito Beach that includes a long stone wall made of concrete and plaster of Paris that, in sections, appears to be at least 60 feet high and, oddly enough, has chinks in it where little pieces of paper have been inserted. The notes say things like “Pray for a shot of storm surf” and “Doc Ball owns the green room!”
The timing of the discovery is fortuitous as the archaeologists, as well as the judges from American Idol, who happen to be vacationing at the nearby Festival Plaza Hotel (except Paula Abdul, who wasn’t invited), pronounce that these are ancient text, some at least 30 years old (or longer than anyone can remember), and they clearly indicate that Baja is the Promised Land. As for those other scrolls found in and around Qumran 60 years ago? Scholars had been reading them upside down. Bummer.
Barack Obama quickly convenes a summit meeting at Camp David with President Calderon and Prime Minister Benjamin Netanyahu after which it is announced that the United States and Israel have jointly agreed to purchase the entire 1,100-mile-long Baja peninsula for an undisclosed amount of cash plus a fleet of new (but unsold) ‘08 Hummers stuffed with credit default swaps bundled by Lehman Brothers and a 50 percent stake in the recently restructured GM. “In addition,” says an obviously pleased Obama, “we are throwing in the state of Texas as a measure of goodwill.”
The entire population of Israel will be relocated to Baja just as soon as Pequeña Jerusalén (as Rosarito Beach is quickly renamed) is unearthed, announces Netanyahu during a joint press conference in which all three leaders wear identical white guyabara wedding shirts and black skull caps. No current Mexican residents in Baja will be forced to move. In fact, says the Prime Minister, “Since Baja is three times the size of Israel but has only a third of the population, we hope our Mexican amigos stay. Afterall, we have lots of hotels and golf courses to build. And, personally, I love nachos.”
Israel will be given to the Palestinians. Nuevo Israel (formerly Baja) announces it will pay for its portion of the transaction (the cash) by eliminating its military which is now unnecessary as Netanyahu, or El Jefe as he asks to be called, points out since the country will be surrounded on three sides by water and share a common border with its BFF, the United States. Plans are also announced to expand the border-free toll road from Los Angeles to Jaifa (formerly Cabo).
Treaties are signed, photos taken, twitters sent.
www.bajainvestment.com
By Bill Center, Union-Tribune Staff Writer
2:00 a.m. June 4, 2009
Larry Roeseler has raced in Baja California for 37 years.
He holds the record for overall wins in both the Baja 1000 and Baja 500. He has triumphed on two wheels as well as four.
Few racers know the Baja better than the 52-year-old Roeseler.
And he can't think of off-road racing without Baja California.
“It would be a sad day if there were no Baja 500 or Baja 1000,” Roeseler said this week while preparing for Saturday's 41st running of the SCORE Tecate 500.
“There is no experience quite like Baja races. It can been 110 degrees in the desert and five hours later you're racing in a fog bank along the Pacific Ocean. You've got pine forests and rocks, ruts and silt.
“There are great races and courses in Nevada, but nothing throws as much at you as Baja California.”
Roeseler will be looking for his 25th overall win in the Baja 500/1000 tandem Saturday while teaming with Roger Norman in a TrophyTruck. Truck owner Norman, who is the stepson of Unlimited Hydroplane legend Bill Muncey, and Roeseler won the overall four-wheel title in the Baja 1000 last November.
Nineteen of Roeseler's overall wins came on motorcycles with five coming in buggies and TrophyTrucks.
“Naturally, I have a love for the place,” Roeseler said of Baja California. “I have always enjoyed going to Baja California. I don't feel threatened at all coming down here.
“Yes, there are places you don't want to go. But there are places you don't want to go wherever you are. There are a lot of good people in Mexico. I think that fact gets lost in a lot of the news we've seen recently.”
Roeseler, who lives in Boulevard and runs Norman's race shop in El Cajon, acknowledged that Baja California has undergone considerable change since he first raced there in 1972 on a Harley Davidson motorcycle powered by a two-stroke Italian engine.
“It is still changing,” he said. “When I started racing, Baja California was wide open. You could go for almost a hundred miles and not see a soul. There are now many more people along our course.
“But there is still a lot of nowhere out there. And it's always a good time, whether it be the racing or the pre-running before the race.”
Like Malcolm Vinje once said of racing in Baja California: “Don't let the race get in the way of pre-running.”
The Norman-Roeseler team is off to a slow start this season, but Roeseler believes the Baja 500 will bring “redemption.”
“I think we're getting back to where we were before the Baja 1000,” said Roeseler, who also holds the record with 16 class wins in the Baja 500.
The Baja 500 will start and finish in Ensenada with the 432.51-mile loop course nearly duplicating last year's track.
“We might be following the same path, but it's never the same terrain conditions from one day to the next, much less one year to the next,” said Roeseler.
SCORE officials are expecting more than 275 starters in the four-wheel, motorcycle and ATV divisions. The first motorcycles start at 6 a.m. with the fastest four-wheel vehicles starting two hours later.
Notes
NASCAR has levied its largest penalty ever, a $200,000 fine for Carl Long's crew chief, Charles Swing, for using an oversized engine for the Coca-Cola 600. Long was also suspended for 12 races.
Checkered Flag: Jimmie Johnson – Riding on four fresh tires, Johnson blows past Tony Stewart four laps from the finish to cap his domination of the NASCAR Sprint Cup race on the one-mile cement oval at Dover, Del. It is Johnson's second win of the season and fourth on the Monster Mile.
Red Flag: Danica Patrick – She's a competent driver, but Danica just doesn't get some things. You don't joke about cheating and steroids when you're a professional athlete and a role model.
Bill Center: (619) 293-1851;
www.bajainvestment.com
Bad news? Great news for Baja Home Buyers!
Take advantage of this opportunity, as it will soon pass!
Special "Influenza N1H1" discounts of 5% up to 25%, depending on the unit and form of payment, in different developments and homes and lots.
The Media has taken care of scaring people all over the world, and now with the N1H1 hype, you can take advantage of it, and offer with a discount... but only while this scare lasts... so DON’T wait too long.
In addition, with the thousands and thousands of unfortunate US and California foreclosures, Americans at the moment, are having a little trouble investing overseas... so, less competition down here!
Thus, this is your opportunity... contact us as soon as possible!
Large, 2be/2ba Oceanfront Baja condos from the low $200’s are definitely still at a fraction of California Oceanfront condos and homes!
Plus, two and three bedroom, brand-new, ocean view homes from the $80’s, less than ½ a mile from the beach!
Most northern Baja homes and condos are very close to the border, from 15 miles to 80 miles south at the most! A very enjoyable –and beautiful- coastal ride, from the San Diego border.
By Linda Ellerbee
Sometimes I’ve been called a maverick because I don’t always agree
with my colleagues, but then, only dead fish swim with the stream all
the time. The stream here is Mexico .
You would have to be living on another planet to avoid hearing how
dangerous Mexico has become, and, yes, it’s true drug wars have
escalated violence in Mexico , causing collateral damage, a phrase I
hate. Collateral damage is a cheap way of saying that innocent people,
some of them tourists, have been robbed, hurt or killed.
But that’s not the whole story. Neither is this. This is my story.
I’m a journalist who lives in New York City , but has spent
considerable time in Mexico , specifically Puerto Vallarta , for the
last four years. I’m in Vallarta now. And despite what I’m getting
from the U.S. media, the 24-hour news networks in particular, I feel
as safe here as I do at home in New York , possibly safer. I walk the
streets of my Vallarta neighborhood alone day or night. And I don’t
live in a gated community, or any other All-Gringo neighborhood. I
live in Mexico . Among Mexicans. I go where I want (which does not
happen to include bars where prostitution and drugs are the basic
products), and take no more precautions than I would at home in New
York; which is to say I don’t wave money around, I don’t act the Ugly
American, I do keep my eyes open, I’m aware of my surroundings, and I
try not to behave like a fool.
I’ve not always been successful at that last one. One evening a friend
left the house I was renting in Vallarta at that time, and,
unbeknownst to me, did not slam the automatically-locking door on her
way out. Sure enough, less than an hour later a stranger did come into
my house. A burglar? Robber? Kidnapper? Killer? Drug lord?
No, it was a local police officer, the “beat cop” for our
neighborhood, who, on seeing my unlatched door, entered to make sure
everything (including me) was okay. He insisted on walking with me
around the house, opening closets, looking behind doors and, yes, even
under beds, to be certain no one else had wandered in, and that
nothing was missing. He was polite, smart and kind, but before he
left, he lectured me on having not checked to see that my friend had
locked the door behind her. In other words, he told me to use my
common sense.
Do bad things happen here? Of course they do. Bad things happen
everywhere, but the murder rate here is much lower than, say, New
Orleans, and if there are bars on many of the ground floor windows of
houses here, well, the same is true where I live, in Greenwich
Village, which is considered a swell neighborhood — house prices start
at about $4 million (including the bars on the ground floor windows).
There are good reasons thousands of people from the United States are
moving to Mexico every month, and it’s not just the lower cost of
living, a hefty tax break and less snow to shovel. Mexico is a
beautiful country, a special place. The climate varies, but is
plentifully mild, the culture is ancient and revered, the young are
loved unconditionally, the old are respected, and I have yet to hear
anyone mention Britney Spears, Lindsay Lohan, or Madonna’s attempt to
adopt a second African child, even though, with such a late start, she
cannot possibly begin to keep up with Anglelina Jolie.
And then there are the people. Generalization is risky, but— in
general — Mexicans are warm, friendly, generous and welcoming. If you
smile at them, they smile back. If you greet a passing stranger on the
street, they greet you back. If you try to speak even a little
Spanish, they tend to treat you as though you were fluent. Or at least
not an idiot. I have had taxi drivers track me down after leaving my
wallet or cell phone in their cab. I have had someone run out of a
store to catch me because I have overpaid by twenty cents. I have been
introduced to and come to love a people who celebrate a day dedicated
to the dead as a recognition of the cycles of birth and death and
birth — and the 15th birthday of a girl, an important rite in becoming
a woman — with the same joy.
Too much of the noise you’re hearing about how dangerous it is to come
to Mexico is just that — noise. But the media love noise, and too many
journalists currently making it don’t live here. Some have never even
been here. They just like to be photographed at night, standing near a
spotlighted border crossing, pointing across the line to some
imaginary country from hell. It looks good on TV.
Another thing. The U.S. media tend to lump all of Mexico into one big
bad bowl. Talking about drug violence in Mexico without naming a state
or city where this is taking place is rather like looking at the
horror of Katrina and saying, “Damn. Did you know the U.S. is under
water?” or reporting on the shootings at Columbine or the bombing of
the Federal building in Oklahoma City by saying that kids all over the
U.S. are shooting their classmates and all the grownups are blowing up
buildings. The recent rise in violence in Mexico has mostly occurred
in a few states, and especially along the border. It is real, but it
does not describe an entire country.
It would be nice if we could put what’s going on in Mexico in
perspective, geographically and emotionally. It would be nice if we
could remember that, as has been noted more than once, these drug wars
wouldn’t be going on if people in the United States didn’t want the
drugs, or if other people in the United States weren’t selling Mexican
drug lords the guns. Most of all, it would be nice if more people in
the United States actually came to this part of America ( Mexico is
also America , you will recall) to see for themselves what a fine
place Mexico really is, and how good a vacation (or a life) here can
be.
So come on down and get to know your southern neighbors. I think
you’ll like it here. Especially the people. www.bajainvestment.com
The Sports Institute, Rosarito Surf Club and City Counsil participated in the organization.
Five locals will compete in the National Surfing Championship in Puerto Escondido, Oaxaca
Rosarito Beach, B. C. The first Surf Tournament in Rosarito was held Saturday April 18 with support from the Conservation Beach Department for the city.
The contest was held in the Rosarito pier with waves of 2 to 3 feet. To the delight of the competitors, this was a sunny morning, 40 athletes from Tijuana, Rosarito and Ensenada disputed waves throughout the day.
Some competitors arrived with their parents and friends who supported and motivated them.
For some of the competitors this contest served as practice for the National Surfing Championships to be held from May 14 to the 17th in Puerto Escondido Oaxaca, due to the waves listed as third best in the world and for their degree of difficulty.
Rosarito has 5 competitors that make up the team that will represent Baja California, one of the participants is listed to attend the next World Class "Big Kahuna" championship in California.
To promote the tourist attractions and gastronomy of Rosarito.
April 28th,2009
LAS VEGAS, NV. The Mayor of the Rosarito Beach, Hugo Torres, accompanied by the Director of Economic Development and Tourism, Hector Reyes and the Manager of the Conventions and Tourism Committee in the city, Jesús Santos, made a work tour to Las Vegas NV., to promote Rosarito, both on a tourism and economic level.
The work tour started with a presentation made at the destination travel agents and tour operators to promote the attractions of Rosarito and also to talk about actions taken by the city government to improve safety and care of visitors.
As a result of this visit, several travel agents will come in May for a familiarization visit and to live the Rosarito experience, then they will be able to offer this destination among their clients.
The Consul of Mexico in Las Vegas, Mariano Lemus, who helped arrange this work tour, asked travel agents to undertake the commitment in promoting Rosarito and other Baja cities in Las Vegas with atractive packages including hotels, restaurants and visits to places of interest to the potential visitors.
At the Mexican Consulate in Las Vegas, news media interviewed Mayor Hugo Torres on subjects like security in Rosarito and the impact of the influenza virus.
Among the media who interview Mayor Torres were: ABC Channel 13, NBC Channel 3, CBS Channel 8, Univision Channel 15, Telemundo and the local newspaper El Tiempo.
Later that day Mayor Torres and his team met with the President of the Latin Chamber of Commerce in Las Vegas, Otto Merida. Mayor Torres spoke of the tourist attractions, business opportunities and also about the security measures taken by his government
Mr. Merida expressed satisfaction with the visit of the Rosarito authoroties and hoped to strengthen ties of friendship and cooperation between the two cities.
He extended an invitation to participate in an event that the Las Vegas Latin Chamber of Commerce will do in August where Rosarito may be able to show attractions, cuisine, handcrafts, furniture production and culture in general.
Posted by Jason Clampet at 3/26/2009
I've been a big fan of Baja California ever since I lived in Los Angeles and began taking frequent trips to the peninsula. I'm not sure, though, how accurate my impressions of the place are now, considering that I spent all of my time there before the uptick in violence that began in 2008. From the recent press reports and the warnings coming from the State Department as well as TV talk-show hosts, you'd think all of Mexico was a death trap waiting to snap shut on you as soon as you cleared customs in Tijuana, Mexico City, Cancun, or Cabo San Lucas.
I got sick of sifting through all the "don't go to Mexico" stories out there, so I emailed Hugo Torres, the mayor of Rosarito, for some perspective. Rosarito, a 20-minute drive from downtown Tijuana, became a hot spot in the early 2000s for southern Californians seeking affordable second homes. It's also a popular weekend spot for college kids and soldiers from the San Diego area.
Torres has a few biases, to say the least: in addition to being mayor, his family has long owned Rosarito's most notable hotel (Sinatra, Orson Welles, and Rita Hayworth were a few of its guests from Hollywood's Golden Age). But he's not an idiot, which is why he's not going to say "come on down, it's safe" if he thinks that'll lead to San Diego surfer getting kidnapped.
"The best way [to know what's going on] is to talk to our frequent visitors or some of the 14,000 expatriates who live here," Mayor Torres emailed me. "They know from first-hand experience that Rosarito is safe and welcoming, perhaps more so than ever."
"The inaccurate perception of insecurity here has greatly reduced tourism. That perception, along with the U.S. economic slump, also has deeply impacted residential building. Together, it has been a tough economic hit. About 5 restaurants closed in this period, so far, one hotel closed for previous problem aggravated by the current crisis. Approximately 1,500 jobs have been lost."
A number of residential developments have been suspended or shut down completely, including a Trump condo tower that would have likely been a debacle with or without the violence and economic slump. Yesterday, Rosarito delayed until August a pro surfing contest that was to be held in April, citing a lack of sponsors and the need to wait until the media frenzy died down.
Torres trusts that will happen soon enough. "In general, the media that know us best and cover us most closely have presented the most accurate portrait. This includes, foremost, the San Diego Union-Triubune and also the Los Angeles Times. Pete Thomas, who writes the "Outposts" blog for the Times, has been excellent. Many of the sensationalized stories are done by reporters who seldom --- and sometimes never --- visit the area."
Like other Mexico boosters, Torres pushes the cartel-on-cartel violence story line. "The violence we have had has been primarily between rival factions of a drug cartels as more pressure is brought upon them; our visitors are not targeted nor is the typical resident affected. However, the inaccurate perception of insecurity here has greatly reduced tourism."
A vast majority -- over 90% by just about any count -- of those that have been killed in Tijuana and other cities are related to the drug trade in one way or another. It's also true that the violence is so concentrated in certain cities that there is rarely spillover into nearby towns, let alone other states. Baja California Sur, which takes up the southern half of the peninsula and includes La Paz and the Los Cabos area, had one drug-related murder this year, making the area safer than just about any city in the United States. Torres and others have pointed out that New Orleans, which almost everyone in the travel industry encourages people to visit, ranked third in 2008 for the most murders per capita in the world -- just between Cape Town, South Africa and Moscow, Russia.
That doesn't mean people shouldn't be careful when traveleing there. "We'd give pretty much the same advice that works for travelers anywhere," Torres says. "Stay in the popular tourist and business areas and avoid ones where things like drug dealing and prostitution occur. That won't be hard to do."
Photo credit:
Guadalupe Valley vineyards
Photo by jasoncedit
GUSTAVO TORRES
www.bajainvestment.com
Filed under: Community Information, baja california, hugo torres, mayor Rosarito, baja, Rosarito, Tijuana, Ensenada, Baja´s trips, Mexican Border, Mexico news, Mexico Tourism
The War on Drugs!
As we've seen in the many many new US news reports on the drugs and violence, there is a war going on.
We've seen too that, like Mrs. Clinton mentioned repeatedly, as long as the US continues the drug demand, all countries in the world will keep supplying it.
The difference here is that Mexico declared a WAR ON THE DRUG CARTELS…
I wish I could say the same for the US and other countries.
I have never seen where the US police forces capture a drug boss in US soil.
WHY are we leaving the war only to Mexico?
And yes, we have a drug war going on in Mexico, trying to stop narcotics from crossing the border.
Drugs mostly come from Colombia, Venezuela, Panama and other places, stop in Mexico, and then find their way into the US market.
And the news people love to exaggerate the situation and show Mexico and places like Baja, very unstable, and like some even say in these blogs…”on the brink of civil war”.
This is amazingly ridiculous.
Mexico is a stable country, and in most Mexican cities, you wont event know there is a drug war going on.
In Baja, for example, we have over 20 million American tourists visiting every year, and no big incident involving an American has occurred in the last 18 months.
Out of 20 million VISITORS!
How many incidents involving Americans have occurred in cities in the US in the same period?
Please be real!
I ask US media: please be fair, and show the other side of Mexico!
In some Baja cities, like Rosarito Beach for example, over 10% of the population is American, living happily, and now upset at US media, as they are scaring their friends and family from visiting them!
They mostly believe that there is an agenda to attack and discredit Mexico.
In another example, an agent for the US State Departement in California, saw some news reports, and based on that, he issued the travel alert for spring breakers NOT to travel to Baja or other parts of Mexico.
Yes, out of exagerated news reports… no facts, no knowledge!
Millions of spring breakers had been coming to Baja for over many years, and NO incident what so ever has happend to any of these visitors…
Now with these media reports, the Tourisim sector in Baja is in crisis.
I know bad and scary news sells more, but look at the damage to our country when newspeople don’t cover the true facts.
Mexico’s number one export is oil, but our number two income source is tourism.
Gustavo from Baja
Daily Real Estate News | October 24, 2008
Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 5.5 percent to a seasonally adjusted annual rate of 5.18 million units in September from a level of 4.91 million in August. Home sales are 1.4 percent higher than the 5.11 million-unit pace in September 2007.
Lawrence Yun, NAR chief economist, said more markets are seeing year-over-year gains.
“The sales turnaround which began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri, and Rhode Island,” he says. “The South was hampered by much lower home sales in Houston in the aftermath of Hurricane Ike.”
NAR President Richard F. Gaylord says low home prices and low interest rates have helped attract buyers.
“This is the first time since November 2005 that home sales have been above year-ago levels,” Gaylord says. “Credit tightened at the end of September, but the improvement demonstrates that buyers who’ve been on the sidelines want to get into the market to make a long-term investment in their future.”
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 6.04 percent in September from 6.48 percent in August; the rate was 6.38 percent in September 2007.
Yun says there may still be market disruptions.
“The credit markets are not settled yet, although the mortgage market stabilized with the government takeover of Fannie Mae and Freddie Mac," Yun says. "Inventory remains high, and price declines are pressuring owners."
Yun says that an additional housing stimulus would stabilize prices more quickly and help bring faster stability to Wall Street.
"Removing the repayment feature on the [$7,500] first-time buyer tax credit and permanently raising loan limits would bring more buyers into the market and further reduce inventory,” Yun says.
A Closer Look at the Numbers
- Total housing inventory: at the end of September fell 1.6 percent to 4.27 million existing homes available for sale, which represents a 9.9-month supply at the current sales pace, down from a 10.6-month supply in August. This marks two consecutive monthly declines since inventories peaked in July.
- National median existing-home price: $191,600 in September, for all housing types. That's down 9 percent from a year ago when the median was $210,500.
“Compared to a fairly small share of foreclosures or short sales a year ago, distressed sales are currently 35 to 40 percent of transactions," Yun says. "These are pulling the median price down because many are being sold at discounted prices. The current market is not being dominated by speculative investors. Rather, 80 percent of current buyers are purchasing a primary residence, which is a bit higher than historic norms.”- Single-family home sales: increased 6.2 percent to a seasonally adjusted annual rate of 4.62 million in September from a pace of 4.35 million in August, and are 3.8 percent above the 4.45 million-unit level a year ago. The median existing single-family home price was $190,600 in September, which is 8.6 percent below September 2007.
- Existing condominium and co-op sales: were unchanged at a seasonally adjusted annual rate of 560,000 units in September, but are 15.7 percent below the 664,000-unit pace in September 2007. The median existing condo price was $199,400 in September, down 10.2 percent from a year ago.
By RegionHere's a breakdown across the country of existing-home in September: - West: sting-home sales in the West jumped 16.8 percent to an annual rate of 1.25 million in September, and are 34.4 percent higher than September 2007. Median price: $253,600, down 18.5 percent from a year ago.
- Midwest: sales increased 4.4 percent to an annual pace of 1.19 million in September, but are 2.5 percent below a year ago. Median price: $152,500, which is 7.9 percent lower than September 2007.
- South: sales rose 2.2 percent in September to a pace of 1.9 million but remain 7.8 percent below September 2007. Median price:$167,200, down 4.1 percent from a year ago.
- Northeast: sales slipped 1.2 percent to an annual pace of 840,000 in September, and are 7.7 percent lower than a year ago. Median price: $246,800, down 5.4 percent from September 2007.
Source: NAR
Thank you for reading my blog
Gustavo Torres
www.remax-baja.com
1-866-588-2252
David Schwartz, ConfiCasa’s Puerto Vallarta Division Director, Tina M. Rebello, ConfiCasa’s Los Cabos Division Director, and Matthew A. Miller, ConfiCasa’s President and CEO contributed to this article.
Times are tough now-a-days - stock markets are in frenzy, housing markets are unpredictable, the U.S. dollar is weakened, and an overall lack of consumer confidence continues to arise even with the latest U.S. government and worldwide intervention in motion.
The first question is how we got in this mess
The next question that does not make the daily news in the U.S., but is of course a big concern for all of us, is whether the now popular vehicle of cross-border Mexico mortgage financing will be affected by the U.S. turmoil
Both of these important questions are addressed in ConfiCasa's October 2008 Newsletter, which may be read by pressing here.
Gustavo Torres
www.remax-baja.com
1-866-588-2252
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Mexico's President Unveils Emergency Spending Program To Combat Financial Crisis
MEXICO CITY, Oct. 15, 2008
AP) President Felipe Calderon on Wednesday unveiled plans for 53 billion pesos ($4.4 billion) in emergency spending on roads, schools, hospitals and an oil refinery next year to help Mexico combat the world financial crisis.
In a televised address, Calderon assured Mexicans the nation's banks are solid and haven't slowed lending to companies or individuals, despite a global credit crunch that has sent stocks here tumbling and seen the peso weaken to a record low against the dollar.
The $4.4 billion in additional investment for 2009 would be used "to build infrastructure projects that will bring direct social benefits to millions of Mexicans and help keep our economy on track," Calderon said.
The proposal, which was sent to Congress on Wednesday, "is not a financial rescue package, but will focus on strengthening the motors of our economy" to mitigate the negative effects of the crisis, he said.
The proposal includes 10 billion pesos ($837 million) for energy projects, including a new oil refinery. The refinery will be the first built in almost 30 years, he said.
The plan calls for spending 26 billion pesos ($2 billion) on building roads, houses, schools and prisons. It also would support small- and medium-sized businesses by expanding their credit and allowing them to bid in government projects.
Calderon said Mexico faces a 28 billion pesos ($2.3 billion) decrease in public income next year due to a drop in remittances, falling oil prices and a slowdown in tourism.
The emergency spending would be financed by changing Pemex's accounting rules, which if approved by Congress, would give the federal government an extra 78 billion pesos ($6.2 billion), he said.
Last month, the government sent Congress a $270 billion budget that assumed Mexican crude oil prices would average around $80 a barrel.
Oil income makes up about 40 percent of budgeted revenue.
Earlier Wednesday, Mexico's central bank moved to auction off $2.5 billion in reserves to prop up the struggling peso.
Bank of Mexico President Guillermo Ortiz said the bank received 59 bids of $1.7 billion. Of those, 31 were accepted for a total sale of $998 million. The bank will continue auctioning off the rest of the designated reserves on Thursday.
Ortiz said Mexican currency markets on Monday had fluctuations not seen since 1995, when the country was mired in its own banking crisis. But he emphasized that today, "Mexico's banking institutions are solid."
Wednesday's dollar auction came hours after the peso dropped below a record 14 to the U.S. dollar. It recovered to around 12 to the dollar after the bank's announcement, but was still down significantly since closing last week at 11.1 to the dollar.
If the peso falls more than 2 percent in value from the day before, the bank said it will auction off an additional $400 million more a day. Mexico's international reserves were at $84 billion on Friday.
Mexico's Treasury Department said in a statement late Wednesday it was lowering its 2008 economic growth outlook to 2 percent from 2.4 percent. It also revised its GDP growth forecast for 2009 from 3 to 1.8 percent.
Mexico's economy, long dependent on its northern neighbor, had weathered the global crisis relatively well until the peso's fall. The drop was the first strong sign that Mexico was in for a bumpy economic future.
GUSTAVO TORRES
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Author: Suzan Haskins
Friday, Sept. 12, 2008
Top dog. The big Kahuna. The hot tamale. Mexico has once again grabbed the golden ring and sits in the No. 1 spot on International Living’s Global Retirement Index.
I’m not surprised, of course. I’ve been extolling Mexico’s comforts and charms for some time.
And I’m not alone. More Americans and Canadian who have retired abroad have chosen Mexico…over every other country in the world.
Depending on where they settle, many are drawn by the incomparable weather, gorgeous scenery, and inexpensive lifestyle. Prices of everything are roughly one-third what they are in the U.S. and Canada. Housing styles range from basic to luxurious, and all are affordable on most retiree budgets.
But it’s more than that, of course. Mexico is like a giant pot of delicious stew—there’s a lot brewing and there’s something for almost everyone. Modern and traditional, rich and poor, pagan and pious, sweet and sour.
Sure, Mexico has its problems. Every place does. But the allure of its charms will cause you to ignore its blemishes. There are countless reasons for the attraction…many people are drawn by the low cost of living, but they stay because they fall in love with the colorful setting and the laidback lifestyle—and the Mexican people.
Mexicans, in general, are gentle, kind, soft spoken, and excruciatingly polite. They greet everyone with a hug or, for women, a kiss on the cheek. You rarely see children misbehaving or hear them crying. Even the dogs are friendly.
Mexicans are service oriented. Not in the terms of what “service” means to you, probably, but in the sense that they take pleasure in doing things for other people. The guy on the bicycle who parks in the middle of the block to sharpen knives, the young man who peddles cups of sweet corn or creamy custards from house to house, the policeman who stops traffic so you can cross the street, the woman who sells flowers in the little shop around the corner…it’s always service with a smile and a heartfelt thank you in Mexico.
If you need something, you can get it. Simple as that. You can go to a modern shopping mall. Or better, you can go to a local artisan. The pride of craftsmanship is alive and well here. Men pass the skills of carpentry, glass-blowing, upholstering, wood-carving, and a host of other traditional trades on to their sons. Mothers teach their daughters the art of cooking, sewing, weaving, pottery, and other time-honored crafts.
Three and four generations of family members often live under the same roof, in fact. They share meals and chores, happiness and sorrow. The elderly are honored for their contributions and their wisdom. Many Mexican families aren’t well off financially (although there’s a growing middle class), but they’re happy.
Workers often play their music as loudly as possible and sing at the top of their lungs. Mexico is not a quiet place, mind you. It’s a place where dilapidated Volkswagen bugs with loudspeakers blare the news of the political party they support or the products they’re selling to all within earshot. A place where fireworks go off at all hours of the night and day…set off by schools and churches for reasons apparent only to their members…or for no reason at all.
Mexico is a time warp where no one is in a rush and what doesn’t get accomplished today “might” get done tomorrow. Expats quickly learn that the word “mañana” is actually a euphemism for “whenever.” Instead, we’ve learned not too worry so much about “things” that “need to be done.” We shrug, take a seat, and put our feet up…
I can’t think of a better way…or a better place…to watch the world go by.
Regards,
Suzan Haskins
Your Latin America Insider, International Living
By Barnard R. Thompson
The Mexican government has announced a major new tourism development
that will stretch along the Pacific Ocean coast of southern Sinaloa –
a project that will ultimately be twice the size of Cancún. A master
planned tourist area to rival not just Cancún, but too the Riviera
Maya that runs along the shores of the Mexican Caribbean.
President Felipe Calderón, with officials from the Mexican
government's National Trust Fund for Tourism Development (Fondo
Nacional de Fomento al Turismo, or Fonatur), made the announcement at
the September 29 opening of the Fonatur sponsored Mexican Real Estate
and Tourism Investment Expo, in Mexico City.
Provisionally called the Pacific Coast Integrally Planned Center,
infrastructure work is scheduled to begin during the first half of
2009, with the final stage of the phased developments to be completed
by 2025. This in much the same way that other Fonatur master planned
seaside resorts, such as Cancún, Los Cabos, Ixtapa, Loreto and the
Bays of Huatulco, have been done.
The 5,884 acre [9.2 square miles] Pacific Coast CIP will be in the
midst of the Sinaloa National Wetlands, in part on the near 5,000
acre Rancho Las Cabras, owned by former Sinaloa governor Antonio
Toledo Corro. The area is 80 miles south of Mazatlán and west of the
Mexico Highway 15 town of Escuinapa, in the municipality of the same
name. On land between the Pacific Ocean and lagoons and marshes
known as the Laguna Agua Grande, the area will include 7.5 miles of
beaches between the villages of Isla del Bosque and Teacapán to the
south on the State of Nayarit border.
The coastal area is well known locally for its beauty and
tranquility. Slightly inland from the coast, the estuaries, lagoons
and mangrove stands are surrounded by palm and tropical flora filled
valleys, with a notable abundance of birds and migratory waterfowl.
Deer, mountain lions and peccary, among other animals, are found in
the area.
And fishing is big in the region, commercial fishing (and shrimp
farming), and of course sportfishing. Several species of protected
sea turtles come to area beaches, and at sea among the many species
found are billfish, humpback whales and white sharks.
Of historical significance, there are large oyster shell mounds near
Teacapán that experts say were harvested by indigenous peoples living
in the area as long as 4,000 years ago.
The investment by the Mexican government is to be around MX$5 billion
pesos [US$465 million as of September 29], according to President
Calderón (who made the announcement before the current worldwide
financial crises came to a head, and the anticipated cutbacks).
Calderón added that the aforementioned Mexican public sector
investment should spark another US$6.638 billion in private national
and international investments.
First stage construction costs will be some MX$1.5 billion [US$139
million as of 9/29], according to a Fonatur executive, that will be
applied to 988 acres. That first phase is scheduled for completion
in 2012.
The President went on to say that the mega-development will
ultimately create 78,000 direct and indirect jobs. He also said
estimates are that the Pacific Coast CIP will attract nearly 3
million tourists by the year 2025, and US$2.8 billion in foreign
exchange.
Once completed the overall complex is to include four golf courses;
two marinas for a total of 1,000 vessels; 44,200 hotel rooms (hotels,
condominiums, etc.); a five mile beachfront walk; and a light
railway. Plus the possibility of a new airport is in the offing (or
the small airport at Teacapán could be expanded).
Based on what has been learned from other CIPs, such as Cancún,
hotels will not be allowed right on the beach. The required buffer
zone will be 300 meters. Hotels will also have a maximum height
limit of four stories.
Urban zones and shopping areas will integrate open space shielded by
law against construction, as will cultural centers and convention
facilities.
Emphasis will be placed on nature and the environment, with 25
percent of the total 5,884 acres dedicated as natural protected
areas, acreage that must be devoid of development. Furthermore, 109
acres of the surrounding wetland environs will be kept intact.
Regarding the lagoon and marsh areas, visitors will be able to enjoy
ecotourism activities via a series of canals and pathways.
As well, Pacific Coast CIP developments will have to meet marine and
land area environmental standards and requisites that are included in
the 2006 Marine Ecological Ordinance of the Gulf of California
Program.
For workers, at least 5,000 homes will be built, along with schools,
hospitals and facilities for needed community services.
Water will be provided through three separate systems, wastewater
treatment plants will be built, and each hotel will have to install
not only rainwater catchment receptacles, but too separate systems
for rain and wastewater drainage and control.
On an interconnected regional basis, highway improvements are planned
for the stretch of Highway 15 from Mazatlán south to Tepic, Nayarit
(and on to Tequila and Guadalajara; or southwest to the Bahía de
Banderas-Compostela Tourist Corridor and Puerto Vallarta). Too, the
road inland from Mazatlán to Durango is to be improved, all arteries
that will give area visitors, among others, easier access to tourist
and cultural sites, neighboring cities, mountain regions,
archeological zones, and indigenous communities.
And finally, for ocean going visitors, the Pacific Coast CIP is to be
in harmony with Fonatur's Sea of Cortez Plan, the system of Transient
Marinas, and the so-called Nautical Staircase.
——————————
Barnard Thompson, editor of MexiData.info, has spent 50 years in
Mexico and Latin America, providing multinational clients with
actionable intelligence; country and political risk reporting and
analysis; and business, lobbying, and problem resolution services
GUSTAVO TORRES
www.remax-baja.com
1-866-588-2252
FREIGHT: Mexico has opened bidding on project that would siphon business from Long Beach, L.A.
By Kris Hanson, Staff writer
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LONG BEACH - Nearly a year after announcing an ambitious plan to tap into the booming flow of trade between the U.S. West Coast and Asia, Mexican authorities have renewed a push to build a massive container port in Baja California.
The $5 billion project, proposed for a natural deep-water harbor near the small west coast fishing village of Punta Colonet about 275 miles south of Los Angeles, may one day compete with Long Beach and Los Angeles for a share of containerized freight.
In August, the Mexican government opened bidding for private development of port terminals and docks, and completed land-use and right-of-way negotiations with landowners in the area. They've also surveyed rail routes leading to the U.S. Southwest, and have organized a consortium of legal experts to help swiftly navigate trade, property and customs regulations.
Then, on Oct. 7, Mexico's Consul General in Los Angeles, Juan Marcos Gutierrez, participated in a panel discussion with port officials from Long Beach and Los Angeles to discuss the effort, and will be meeting with top West Coast port officials again this week at a retreat in Manzanillo, Mexico.
"This is the most ambitious infrastructure project of our time," Gutierrez said during the forum at Cal State Dominguez Hills. "It's something that's needed not only for Mexico, but for the regional economy."
Mexico believes that a port in Colonet would create up to 58,000 permanent jobs in Mexico, help upgrade the country's railway system and would, in turn, provide a cheaper, more efficient freight movement system for U.S. consumers and retailers.
It's expected that more than 95 percent of goods shipped to a Colonet port would be bound for the U.S. market via railway and through border crossings in Yuma, Arizona and El Paso, Texas.
Union Pacific
, which controls an existing rail link along the Southwestern U.S. border, has been in talks with Mexico to participate in the project, but no deals have yet been signed.
As for marine terminal development and operation, at least one major international developer has expressed interest. Hutchinson Port Holdings, based in Hong Kong, is believed to be the project's most likely developer, but has yet to commit. Hutchinson could not be reached for comment, but Mexico is offering a 45-year terminal management concession to the highest bidder.
The Punta Colonet project, in the works for more than two years, seeks to capitalize on the estimated 30 million freight containers sent from Asia to North America annually - about 75 percent of which goes through ports in California, Washington and Oregon.
Port would serve U.S. market
Mexico's goal is to capture about 6 million containers annually at Punta Colonet, then ship them via rail to points within the U.S. Very little of the cargo would be destined for Mexico's domestic market, which is served primarily by ports in Manzanillo and Lazaro Cardenas.
The Baja port is the latest challenge to Long Beach-Los Angeles' longtime role as America's busiest and most lucrative seaport. The twin ports currently handle more than $350 billion worth of cargo annually, a figure representing about 30 percent of the nation's maritime trade worth.
Competition grows
The ports are already being challenged by a new container port in Prince Rupert, British Columbia, expansions in Tacoma, Washington and Oakland, California and a modernized Hampton Roads in southeast Virginia. In addition, the expansion of the Panama Canal - now under way - allows passage for larger container ships from Asia to ports in the Gulf.
But there remain cost and time-prohibitive barriers for sending Asia-originated freight through the Panama Canal. It takes an average 21 days to ship cargo from China to the U.S. East Coast, but only 12 to the West Coast. With high energy costs, the extra nine days at sea makes much such trade prohibitive.
By building an alternative western port and offering cheaper labor and less costly tariffs, Mexico hopes to lure shippers whose goods would have passed through California or the Panama Canal and destined for the American Midwest.
"The market we're (trying for) is east of the Rockies," said Gutierrez. "It's a share of that 45 percent or so of freight that (Long Beach-Los Angeles) carry that is headed inland."
Professor Kaye Bragg, a Cal State Dominguez Hills economics professor, said the Punta Colonet proposal only makes sense if projections of growth are on the mark. Based on 20-year trends, economists expect the volume of containerized goods between Asia and Long Beach-Los Angeles to surpass 36 million 24-equivalent containers, or TEUs, by 2020.
Therefore, if Punta Colonet siphons six million TEUs from Long Beach-Los Angeles, it represents only a share of future growth, and not a chunk of current volume - potentially making competition less hostile and more collaborative.
Don Snyder, the Long Beach port's trade relations director, said that although labor costs and regulatory pressures will likely be less in Mexico, developers will need to recoup their investment costs, which may drive up transportation and dockage prices to levels comparable in Southern California.
"Someone's going to have to amortize the cost of building that rail track, building those terminals, building the infrastructure," Snyder said. "When you add those costs in, plus the transportation costs of using U.S. rail inside the States, is there a great savings?"
Long Beach Harbor Commissioner Mario Cordero, who visits Mexico this week to discuss regional trade, says projects like Punta Colonet represent the competitive realities of global trade.
"Everybody is developing megaports ... you see it in Asia, Europe, South America," Cordero said. "People are looking for their share. The difference this time is we have a big project being developed next door."
Snyder sees it as a stimulus to continue improving local port facilities and transportation links.
"Competition is a good thing because it keeps everyone sharp," Snyder said. "Our goal is to have the most efficient supply chain and be a leader in terms of helping introduce technologies that save fuel, pollute less and make the most economic sense for our customers."
Gustavo Torres
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