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 Moderated by: bartmanaz Page:    1  2  Next Page Last Page  
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Article on Guaymas financial problems  Rate Topic 
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 Posted: Thu May 11th, 2017 03:56 pm
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RichD
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Guaymas is in big trouble.  That should not be a surprise but the amount of debt they have is amazing.  This happened in 2013 and has not been resolved.  
http://mexiconewsdaily.com/news/guaymas-money-woes-put-local-services-at-risk/
Original article in Spanish
http://www.milenio.com/estados/guaymas-sonora-en_quiebra-deudas-malos_manejos-bancarrota-recursos_publicos-milenio_0_953904632.html

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 Posted: Sat May 13th, 2017 03:05 am
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Hook
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This should hasten the gringo flight even more from San Carlos.

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 Posted: Sat May 13th, 2017 03:40 am
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RichD
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What gringo flight? Seems like more houses have sold this year than in years past. Still a nice place to live. But with some challenges.

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 Posted: Sat May 13th, 2017 04:30 am
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IronMan
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all you can see of me is my tail feathers! I saw the writing on the wall 4 years ago, and never looked back. Paradise Lost...

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 Posted: Sun May 14th, 2017 01:21 pm
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Hook
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Talk to the realtors, Rich. Looks at who is building and who is buying houses. The percentage of gringos is down, from historical levels. Maybe it is simply an age-related rotation, maybe not. Mexicans dont mind moving here with problems in water, sewage, failed local governments, etc. It was like that where they came from, in all likelihood. This is nicer scenery, at least, and probably with fewer shootings.

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 Posted: Sun May 14th, 2017 03:14 pm
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nice guy
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I agree with that - nationals are buying and building here more than ever. As the NOB oldies pass on or move back, not many new young NOB'ers are replacing them - no money. 

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 Posted: Sun May 14th, 2017 07:32 pm
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maryt
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Young NOB´ers may not have much money but we could end up with a lot of retiring NOB´ers looking for an inexpensive place to live.

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 Posted: Sun May 14th, 2017 08:37 pm
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frankiej
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NOB's , cananda & the USA are recovering from a 9 year global economic crisis!  in those 9 years canadians who had intentions of buying and retiring here in mexico, purchased in the USA!

canadians found excellent opportunities to buy in the USA with most of it's housing market in "fire sales"!

those days are over!! the market has more than come back in the USA, housing is appreciating!

i predict there will be more NOB's mostly retiring canadians purchasing in the very near future, along with the mexican nationals here in mexico!

time will tell!

Last edited on Sun May 14th, 2017 08:40 pm by frankiej

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 Posted: Sun May 14th, 2017 10:39 pm
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will rogers
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IRONMAN, what did the writing on the wall say four years ago?

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 Posted: Sun May 14th, 2017 10:50 pm
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frankiej
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RichD wrote: Guaymas is in big trouble.  That should not be a surprise but the amount of debt they have is amazing.  This happened in 2013 and has not been resolved.  


RichD,  the USA owes 20 trillion,  what we pay in interest in one day would completely bailout guaymas and sonora!
and yet the sun will set today and will rise tomorrow!
P.S. i wrote the word trillion, because i really don't how many zeros go behind the "20"! hahaha! crazy!!!

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 Posted: Sun May 14th, 2017 11:38 pm
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frankiej
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ha!! got to love google 12 zeros in a trillion
20,000,000,000,000.
none of the calculators i have are capable to of calculating in the trillions! hahaha must be using a chinese abacus ! 

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 Posted: Mon May 15th, 2017 03:10 am
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Richard Baca
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Try scientific notation: 2.0 X 10^12

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 Posted: Mon May 15th, 2017 03:07 pm
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Vaquero
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 Two couples we met this year who were renting and did not intend to buy have purchased here in San Carlos.  So many "smart" prognosticators on the future of SC.  They ought to use that amazing talent in the stock market.  Wealth awaits you.

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 Posted: Mon May 15th, 2017 10:35 pm
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lasninas
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I have not seen the "gringo flight" by any means. In fact, just the opposite. This winter I met visitors from Wyoming, New Mexico, BC, Northern California and Washington state that were here as renters and were thinking of buying.

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 Posted: Tue May 16th, 2017 01:16 am
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390pony
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The house next to me was for sale when I bought mine in 2011. It remained on the market since then, and who knows for how long before I bought mine. It just sold a couple months ago to senior gringos. I do know the asking price was too high, but I don't know what they paid.

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 Posted: Tue May 16th, 2017 02:12 am
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RichD
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My observations have been the same. More people thinking of buying and more sales. Maybe not like pre 2008 days but much more than a few years ago.

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 Posted: Tue May 16th, 2017 05:58 pm
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Hook
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 Posted: Tue May 16th, 2017 06:07 pm
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RichD
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The result of cognitive dissonance. Once you form a belief (eg Gringo Flight) you tend to reject any evidence that does not support that belief.

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 Posted: Tue May 16th, 2017 09:08 pm
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Jimmy
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Who said "There's a Sucker Born every Minute".

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 Posted: Tue May 16th, 2017 10:32 pm
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RichD
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With all it's warts, I like living here. I don't want to sell right now but at least there were a few potential buyers. This would have been a good season to unload your property to some sucker if you don't like it here. I am not going to give up the right to complain about it and don't expect anyone else to. Just sayin...

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