Buying before construction is finished, smart or stupid, what do you think?

[gandalf252002 Senior Member Find all posts View Profile Close gandalf252002]

Unfortunately I think I was probably just a little bit to young to start investing at that time. Seriously though, there is unfortunately that little "you have to have money, to make money thing" and I did not at the time.

You know what they say eh? Great minds think alike!

gandalf252002

No! I definetly would not have belive and invested with them… And id you?...

Pstreet1
Thx. About Rosarito, how is it ther? Would like to come visit, but honestly, to sceard about the border violence..

GrayFal
Thx, but we are keeping our options open. Not shure at all I want to live in the Nuevo area, might do Bucerias or Mita. But thx!!

gandalf252002
We have a similar way of thinking.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

We bought three timeshares under construction and all three turned out to be great resorts but the resale value is pennies on the dollar if you bought them from a developer which we did. Buy resale only if you want to break even or make a small profit. It would hardly be worth the risk with the high maintenance fees today. The value is in enjoying your vacations if you buy where you like to go. This is how we feel about it.

We were advised by a Real Estate attorney in Mexico never to buy a view property in a condo project unless everything else around it is built up. The developer may tell you that you are buying a view property but then another developer may build right in front or next to the project and your view is taken away. This is a very common problem in Mexico.

We saw a beautiful fractional timeshare condo on the beach in Nuevo Vallarta but the developer price is very high. They have been selling them for several years but we have never seen a resale yet. The weekly rental fees were very high too but they are affordable now. I wouldn't buy a timeshare anywhere today when there is such a soft rental market.

[1950bing Senior Member Find all posts View Profile Close 1950bing]

This is a very informative post.

Hey ! It was a ? in which there was only two one word choices for an answer !