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http://www.belizeislandrealestate.com/
eco - island
buy the plot then build an eco-home on it.
thoughts?
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Caribbean Island Properties On Sale From $13,000
at Long Caye at Lighthouse Reef, Belize
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#1
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Posted 09 April 2009 - 08:28 AM
“The problem with socialism is that you eventually run out of other people’s money.”
Margaret Thatcher
'The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption, can you believe that grown-ups would say something like that? It's mind-boggling to me that people who are supposedly educated really believe this, and they seem to'
Jim Rogers
Margaret Thatcher
'The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption, can you believe that grown-ups would say something like that? It's mind-boggling to me that people who are supposedly educated really believe this, and they seem to'
Jim Rogers
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#2
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Posted 09 April 2009 - 08:42 AM
Property, both localy owned residential and holiday resorts and villas, is tanking in asking prices and still nothing is selling. The region depends largely on tourism for income and since it depends on mid-haul pax (eg north americans) and long-haul pax (eg eurozone) to earn foreign currency, it has been especially hard hit by the crunch since travel to anywhere there is not cheap, and the ultimate discretionary spend - indeed, for the last 15 years of growth I would best guess that a huge number of visitors MEWED for their trips or paid on the never never (CC).
The problem for Belize and this development is that while $13k sounds cheap for land, the likelihood of the resort infrastructure (roads, drains, utilities etc) ever being built is small. Longer term prospects for most areas in the region to end up as Haiti/Mexico type lawless drug-trade run hellholes are also high, given the vacuum which will be left by the collapse of tourism, the main industry.
And travel links to Belize will continue to shrink - the Blue Hole to Hell-Hole in 5 years, watch this space. Remember that some regions have seen a 70% fall in visitor numbers/trade, job losses and resort closures/ghost resorts are on the rise, and most of the small governments are already planning their IMF approaches to survive.
Buy off-plan at your peril - in 5 years you will get a complete ready made luxury villa for 13k, albeit needing electric fence and armed rottweilers to make your "holiday" enjoyable! Look at the RSA for hints of the future.
The problem for Belize and this development is that while $13k sounds cheap for land, the likelihood of the resort infrastructure (roads, drains, utilities etc) ever being built is small. Longer term prospects for most areas in the region to end up as Haiti/Mexico type lawless drug-trade run hellholes are also high, given the vacuum which will be left by the collapse of tourism, the main industry.
And travel links to Belize will continue to shrink - the Blue Hole to Hell-Hole in 5 years, watch this space. Remember that some regions have seen a 70% fall in visitor numbers/trade, job losses and resort closures/ghost resorts are on the rise, and most of the small governments are already planning their IMF approaches to survive.
Buy off-plan at your peril - in 5 years you will get a complete ready made luxury villa for 13k, albeit needing electric fence and armed rottweilers to make your "holiday" enjoyable! Look at the RSA for hints of the future.
#3
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Posted 09 April 2009 - 11:35 AM
The whole island is 650 acres, not all of which will be farmable. Fresh water supply will be a major problem for those that try to live there and farm. The tropical climate will not support English crops and will be subject to tropical insects and hurricanes destroying the entire crop. The supportable population will be tiny, a small commune. There will be no schools or health facilities for those with children. There are no metals, oil, or industry. All these items will have to be imported, meaning some kind of cash crop competing with other banana islands.
Lets face it. This island is for some rich pensioner with an overseas income to import everything. Such a person will rapidly get bored with the lack of anything to do or buy and seeing the same few faces every day.
Lets face it. This island is for some rich pensioner with an overseas income to import everything. Such a person will rapidly get bored with the lack of anything to do or buy and seeing the same few faces every day.
#4
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Posted 10 April 2009 - 01:33 PM
Farming...Mining.... Infrastructure.
You guys are clueless.
Its a tiny holiday resort island for diving and sunbathing. If you want infrastructure go to southern Spain.
No doubt there will be a shortage of visitors and tourist income, but I doubt there ever was before the crash.
You guys are clueless.
Its a tiny holiday resort island for diving and sunbathing. If you want infrastructure go to southern Spain.
No doubt there will be a shortage of visitors and tourist income, but I doubt there ever was before the crash.
#5
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Posted 18 April 2010 - 01:45 PM
but you get only the land with $13K....then?
#6
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Posted 28 April 2010 - 09:28 AM
when we went to Antigua, Property was stupidly expensive (half a mil £ for a flat), and the price of stuff outside of the AI hotel was equally daft, driving around it looked like most of the population were incredibly poor The hotel was attempting to flog time shares at 6k a pop for 2 weeks a year, but you also had to pay fees every year. I started listening to local radio on my phone by the pool and it sounded dire, it was all about the decline of tourists 40% down empty hotels it sounded cronic...
You know its almost worth setting up a website and flogging land on a remote island and see how many people bite before I shut the site down
I cant find a real address on the website. I cant even find which island they mean (there appear to be no islands off the big island they mention)
The domain name was registered with an Australian Internet Provider, the server is based in the US. It doesnt sound like british ltd company (as described on the website), and no the holding company is Belize Holdings, LLC which is american, but they have a POBOX address! BUT why is the domain registered in aus?
You know its almost worth setting up a website and flogging land on a remote island and see how many people bite before I shut the site down
I cant find a real address on the website. I cant even find which island they mean (there appear to be no islands off the big island they mention)The domain name was registered with an Australian Internet Provider, the server is based in the US. It doesnt sound like british ltd company (as described on the website), and no the holding company is Belize Holdings, LLC which is american, but they have a POBOX address! BUT why is the domain registered in aus?
This post has been edited by AteMoose: 28 April 2010 - 09:39 AM
I have bought a newish (5 years) house in November 2006. I talked the vendor down 30% off peak 2004 price am am paying less than the 2002 price. I feel prices will continue to drop down to the 2001 price but saving for 5 years hopefully means i wont be stung. The price i am paying isn't much above the price the vendor paid for the place when it was new in 2000. However some idiot is trying to flog an identical house on my road for 55k above the price i paid, one month later!?!?! The housing market is frothy, no-one ever knows what the value of a house is, the value is what someone is willing to pay, make sure you pay alot less than the asking price.
Free to collect, like ebay but you dont pay, you just have to collect
QUOTE (sledgehead)If you make a living from something, you are a professional something: it is your profession. You could bake dog turds and flog them as ornaments. If that's how you make your living, you ARE a professional dog-turd baker. Period
QUOTE (Rolling Stone 13th July 2000)The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
QUOTE (Soon Not a Chain Retailer @ Aug 30 2009, 01:03 AM) Society should provide trampolines not safety nets.
QUOTE (GordonBrown Jan 27 2008 (warning about the coming inflation?))if you don't get the skills you wont get a job
if you get the skills you will earn ALOT of money
Free to collect, like ebay but you dont pay, you just have to collect
QUOTE (sledgehead)If you make a living from something, you are a professional something: it is your profession. You could bake dog turds and flog them as ornaments. If that's how you make your living, you ARE a professional dog-turd baker. Period
QUOTE (Rolling Stone 13th July 2000)The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
QUOTE (Soon Not a Chain Retailer @ Aug 30 2009, 01:03 AM) Society should provide trampolines not safety nets.
QUOTE (GordonBrown Jan 27 2008 (warning about the coming inflation?))if you don't get the skills you wont get a job
if you get the skills you will earn ALOT of money
#7
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Posted 04 May 2010 - 06:56 PM
AteMoose, on 28 April 2010 - 10:28 AM, said:
when we went to Antigua, Property was stupidly expensive (half a mil £ for a flat), and the price of stuff outside of the AI hotel was equally daft, driving around it looked like most of the population were incredibly poor The hotel was attempting to flog time shares at 6k a pop for 2 weeks a year, but you also had to pay fees every year. I started listening to local radio on my phone by the pool and it sounded dire, it was all about the decline of tourists 40% down empty hotels it sounded cronic...
You know its almost worth setting up a website and flogging land on a remote island and see how many people bite before I shut the site down I cant find a real address on the website. I cant even find which island they mean (there appear to be no islands off the big island they mention)
The domain name was registered with an Australian Internet Provider, the server is based in the US. It doesnt sound like british ltd company (as described on the website), and no the holding company is Belize Holdings, LLC which is american, but they have a POBOX address! BUT why is the domain registered in aus?
You know its almost worth setting up a website and flogging land on a remote island and see how many people bite before I shut the site down
I cant find a real address on the website. I cant even find which island they mean (there appear to be no islands off the big island they mention)The domain name was registered with an Australian Internet Provider, the server is based in the US. It doesnt sound like british ltd company (as described on the website), and no the holding company is Belize Holdings, LLC which is american, but they have a POBOX address! BUT why is the domain registered in aus?
This is it, I think
Google maps
It will be washed away in 20 years.
This post has been edited by Peter Hun: 04 May 2010 - 06:57 PM
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