Home Purchase Raquet Club - Mud Slides? Insurance? Safety?

CanuckBob wrote:The Racquet Club has some incredible views and very nice houses. In the current market you will get a far better bang for your buck there than you will in Ajijic or Chapala centro's. If staying home is your thing then it will be perfect otherwise driving to Ajijic is 25 minutes and 75 topes (speedbumps) each way which wears thin very quickly.

Good luck with your move.

Thank you! I enjoyed last nights storm; beautiful lightening bolts over the lake. I did look at some nicer developments in Ajijic/Chapala this week for comparison sake. One thing I did not like was the noise and the other, you still have to drive to go anywhere unless you are into mountain climbing :) My knees complain loudly when mountain climbing so I think I'll drive :) I'm smiling as I think about what I saw in terms of "watch out, that mountain is going to win!" I understand the Raquet Club has "water spouts" which makes it more vulnerable, but OMG. Take a look at where they are building those high-end homes in Chapala/Ajijic! If I choose my lot carefully I should avoid major catastrophe at the Raquet Club; if purchasing lake views in Ajijic and Chapala I would choose carefully as well! I've been to Ajijic and Chapala 3 times from the Raquet Club since Sunday, both with a lot of traffic (holiday weekend) and early morning. It has taken less than 15 minute each time. I know I will enjoy frequenting the markets and street fairs but I can't see myself doing that more than once a month. I also can't see myself appreciating the noise of the highway or the city/town. I enjoy peace and tranquility; add beautiful lake and mountain views and I think I've died and gone to heaven. My mom was just the opposite so I can appreciate that all of us do what is right for us.

gringal wrote:That bunch of photos you just posted would scare me into never considering buying property there.
Regardless of the cause, it was terrible destruction and I understand it was even worse in the town below.

You should check out what they are doing to the mountains above Ajijic and Chapala.
 

doc holiday wrote:Also. does this insurance have co-pay, deductible, and a loss limit?
Can Americans having a loos of a home on Mexico deduct that loss on US tax

All good questions. Just a hunch, but if you can deduct gambling losses... Is a home in Mexico considered a gamble hahahaha

Can Americans deduct any foreign investment loss on something they haven't declared or paid US taxes on??

CanuckBob wrote:Can Americans deduct any foreign investment loss on something they haven't declared or paid US taxes on??

I don't know, but I would clearly state without hesitation, they were "gambling" hehehehe

Well the good thing about real estate is you don't typically lose it all. If you play the long game you can usually come out OK.

SunFan wrote:

CanuckBob wrote:Well the good thing about real estate is you don't typically lose it all. If you play the long game you can usually come out OK.

"the long game"! At our age?

I don't even renew magazine subscriptions past one year. Don't ask me about extended warranties.

SunFan

You're not that old SF. You got another year or two left in ya.......

CanuckBob wrote:

SunFan wrote:

CanuckBob wrote:Well the good thing about real estate is you don't typically lose it all. If you play the long game you can usually come out OK.

"the long game"! At our age?

I don't even renew magazine subscriptions past one year. Don't ask me about extended warranties.

SunFan

You're not that old SF. You got another year or two left in ya.......

You two are too funny :) If I have a roof over my head and food on my table I feel blessed, and in a better position than most of the world population.

"The long game"?? At some point, seniors shouldn't buy green bananas.