By Ronan McMahon
I’ve spent the last year making contacts, picking brains and analyzing the numbers. Now I have formed a clear view. And it’s one of a bright future for Colombia. One of a pathway (which will certainly include some bumps) to relative prosperity.
Greetings from the Greek island of Santorini. I’m coming to the tail end of a two-week trip to Greece. I’ve been reminded how truly stunning her islands are. I’ve also got under the hood of what’s happening on the ground with their politics, economics and real estate market.
There will be many more potential tipping points as Greece’s economy and politics continue to unravel. I won’t be watching the news feed. I’ll be on a flight to Greece for two weeks of serious boots-on-the-ground research. That’s more important than the Angela/Antonis body language.
On Friday I told you about the opportunity to buy a lot at the Jama Campay project on Ecuador’s North Coast. Members of our little group can buy a lot with a starting price of $32,256. With the special member-only finance terms, we can buy this lot with a down payment of $16,128 and monthly payments of $448. But maybe you are looking for something more turnkey?
Ecuador’s nicest 60-mile stretch of coast is now accessible. It’s here, on the best part of this stretch of Pacific Coast, in a “best in class” project, that we can buy a lot from $32,256. This is an “off market” deal—14 lots in this project are only available to members of Real Estate Trend Alert. With the special member-only finance terms, we can buy this lot with a down payment of $16,128 and monthly payments of $448.
On May 31, I told you about the opportunity members of our little group have to buy a lot here with a down payment of $21,350…with 36 monthly payments (interest-free) of $800… and a final payment of $19,200. A small number of these lots are still available. Today, I would like to extend a special invitation to visit and experience what it will be like to spend time here and explore the surrounding areas.
When it comes to crisis investing, Argentina is the “gift that keeps giving.” With expropriations and capital controls, they are up to their old tricks again. I’m closely following the situation there on your behalf.
As a RETA member, you will know about the crisis in Ireland and the distress in our real estate market. I’ve told you about the National Asset Management Agency (NAMA), known as “the bad bank.”
This week, 14 of your fellow members gathered at the Pacific Lots project in Costa Rica’s Southern Zone. They had two price lists: one for all the inventory at the project; the other, a list of special pricing for our little group on 14 handpicked lots.
I wrote to you in June on the eve of Greece’s second election in six weeks. Greeks faced a choice between the bad and the ugly. Continue with the agreed bailout plan—more austerity, more unemployment, more emigration, more downward pressure on already-dropping real estate prices.
