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Ventana Magazine

Aug 06

2009

Vallarta Heat about Vallarta

Posted by Ventana Magazine in Ventana Magazine , Riviera Nayarit real estate , Riviera Nayarit , Puerto Vallarta Real Estate , Puerto Vallarta , Mexico Real Estate , Mexico , Boomers in Mexico

By: Robin Noelle at Ventana Magazine

Many first time visitors to Puerto Vallarta are deterred from spending the summer months in Mexico by overheard complaints of the oppressive heat. This is unfortunate because the rainy season has a special charm unavailable during the cooler winter months. While the humidity and heat can be intense during the day, the rains come in the afternoon and night, bringing a refreshing coolness with them along with impressive light shows during the near daily thunderstorms.

These storms can be tremendous, shaking the earth and filling the nighttime sky with brilliant streaks of electricity. They rarely last more than a few hours, bringing a breath of fresh air without limiting recreational activities. Along with the storms comes a renewal of the local foliage, turning the hills, fields and jungle an emerald green that simply doesn’t exist after several dry winter months. The rivers are swollen, the flowers burst into color and with them the tropical birds and butterflies appear in abundance. Puerto Vallarta and the Bay of Banderas -like much of Mexico- reach their apex of beauty in the summer months.

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Aug 05

2009

Economists believe Recession will end this Year

Posted by Boomer Abroad in Ventana Magazine , Federal Reserve , Economists believe Recession will end this Year , Ben Bernanke

By: Kelly Curran at Ventana Magazine

While the economy is still struggling, there has been an increasing amount of optimism brewing. A new report released last month shows us that there is indeed a light at the end of the tunnel - 86 percent of economists polled said they believe the recession will end this year. The U.S. economy is on track to emerge from recession in the second half of 2009 as consumer spending and the housing sector make a come-back, according to a Blue Chip Economic Indicators Survey released last month.
The survey of private economists showed that 86 percent of respondents believed the economic downturn would be declared as over in the second half of the year, according to a report by Reuters. However, the survey also predicted a continued rise in unemployment lasting well into 2010.

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Aug 05

2009

9 Questions to ask the Developer about Mexico

Posted by Ventana Magazine in Ventana Magazine , Resort real estate in Mexico , Mexico resort real estate development , Mexico Real Estate , Mexico , Mario Restrepo

By Mario Restrepo at Ventana Magazine

When considering buying real estate from a developer in Mexico, it is important to understand the differences between how you might be accustomed to buying new construction in your country of origin, and what is common and legal in Mexico. Specifically, there are financial and title transfer considerations that you should take into account when buying new construction here in Mexico.

For example, in the USA, in order for a developer to get building permits, financing must be obtained to guarantee a completed project; then, the pre-sales of units can begin. In Mexico however, outside financing for a project does not have to be obtained before pre-selling units, and buyer’s cash can be used for construction. This, of course, puts buyer’s deposits at risk if there is a mismanagement of funds or construction.

There are many excellent developers here in Mexico with a clear history of delivering completed units in a timely manner. In addition, Mexican architecture is one of the reasons why Mexico is such an excellent travel destination, as well as a real estate investment destination. I feel that the most under appreciated artist in the world is the Mexican mason. This article is only meant to help you ask questions to lead you to the best developers, and to give you insight as to the possible safety of your investment and to what you are really buying.

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Aug 04

2009

Interview with Tomas Rueda about Mazatlan

Posted by Ventana Magazine in Ventana Magazine , Tomas Rueda , Mazatlan Real Estate , Mazatlan property values , Mazatlan , Living in Mazatlan , Boomers in Mazatlan

Tomas Rueda has been living in Mazatlan, Sinaloa since his birth in 1941. He studied mechanical engineering in Monterrey and later acquired a master’s degree in naval architecture in Holland. He constructed boats for 10 years until he decided to move into the field of residential development. He has designing and building residential projects in Mazatlan for the past 25 years and is one of the most respected businessmen in the city.

VM: How has Mazatlan changed in the last 20 years?

It has changed so much that if you have not been back here, you will not recognize it; the most dramatic changes have occurred in the last ten years. The town has grown and developments have been built near the beach areas.

VM: What are you currently developing?

We just finished a Torre 360 -a 16-story “intelligent” building with 27 condominium units- on the beach of Sabalo Cerritos.

VM: Why did you choose to build an intelligent tower?

Because it is the most advanced construction concept in the market, and there is nothing like it in Mazatlan. One of the many amenities of the tower is that the owner can control all the utilities in the condo, including lights and air conditioning, through the internet. It will hopefully differentiate us from the rest of the projects in the area.

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Aug 02

2009

20 Years in Ixtapa Zihuatanejo, an interview with TIM SULLIVAN, a Baby Boomer Abroad

Posted by Ventana Magazine in Zihuatanejo , Ventana Magazine , Tim Sullivan , Mexico Real Estate , Ixtapa Real Estate , Ixtapa

Ventana Magazine recently interviewed real estate broker Tim Sullivan, owner of IXTAPA REAL ESTATE in Ixtapa-Zihuatanejo (I-Z). Tim came here in1987, and has been here ever since. In 1994, after having worked the previous 5 years for a few local brokers and developers, he -along with Carmen, his beautiful wife of 15 years- started their own real estate company (Ticar, S.A) and established Ixtapa Real Estate.

VM: Why did you choose Ixtapa-Zihuatanejo (I-Z) as your destination in Mexico?
In actuality, I believe that I-Z chose me. Back in the autumn of 1987, circumstances conspired to allow my then partner, Linda Fox, and I to take a six-month long sabbatical and travel to Zihuatanejo, where Linda had lived sporadically since the early 1970’s. I had never been to Mexico before and had only some erroneous preconceived notions of what it was all about; I’d harvested my concept of Mexico from westerns and Saturday morning serials. As soon as the plane landed at the Zihuatanejo airport, all of those old stereotypes went right into the waste can.

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BoomersAbroad.com was born in direct response to hundreds of conversations with baby boomers from the USA and Canada who were seeking a new life, and to better understand how they might live abroad, travel abroad, relocate abroad, retire abroad and/or invest abroad. Leading industry experts and many of those who have journeyed ahead will share their personal experiences and knowledge in a great variety of areas.

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The number of Americans and Canadians living abroad, by today's count approximately 7 million (according to The Washington Post), is twice the population of Chicago and greater than that of 33 U.S. States. A number that has grown steadily over the past decade, and it is expected to more than double within ten years. In the next 20 years, 100 million baby boomers, from the USA and Canada, are going to retire. Five million baby boomers turn age 60 each year, Ten Thousand per day, Eight per minute, and scores of them are purchasing property abroad as vacation homes or investment homes. Naturally, many of them are auditioning these homes for potential primary retirement residences.

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At BoomersAbroad.com online community members can ask experts their questions, create their own profiles, join groups of those who share their particular interests, create their own groups, make friends, upload photos, and have their own blogs, among other features. Using the online community model, our goal is to provide the necessary information, education, guidance, resources, tools and alternatives to start boomers down the path of discovering and understanding all that living, retiring and investing abroad has to offer.

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