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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Property is An Emotive Asset

The Irrational Side of Real Estate

Real estate is a highly emotive asset in most cultures.  ‘Irrational exuberance’ in property markets can cause prices to move away from fundamentals. Buyers move away from markets when negative press reports are released. The truth or vetting of what happened, is not necessary. Unfortunately, emotional reactions trump logic. Real estate markets suffer from a greater degree of misinformation than stock markets. In real estate, no two assets are the same.

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Coming down with a case of “tourista”

International Transactions in Real Estate

I had been living in Puerto Vallarta for several years and thought I was doing a pretty good job understanding the culture, when a casual statement made me realize I still had a lot to learn.  A well-traveled lady looking at real estate that afternoon mentioned that when residents of Mexico go to the US, they can get a case of “tourista” or upset stomach.

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An Economist's Viewpoint

Real Estate Markets & the Need for Housing

Properties are built, bought and sold in a cycle which can be at different times stagnant or vibrant; transparent or murky; beneficial or shoddy and dangerous. The key to the existence and flourishing of the free market is a society in which the rights and titles of private property are respected, defended, and kept secure. Private property thrives in open, ethical markets. Free markets do not mean lack of controls. When there is reason or ethics to contain greed, more members of a society benefit.

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Transparency in Mexican Real Estate

Importance of Fair Market Value

Those of us living in Mexico from other parts of North America probably take the concept of fair market value for granted.  We assume that this measure of value is used in other markets and other countries. Actually, it is not common outside of the USA or Canada to have sold market data.  In order to have information about sales prices and to adjust for differences in properties, data must be available.

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