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Crazydog

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About Crazydog

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  1. Buying a house in Lakeside

    We transferred money to the escrow account of the real estate company. It was a monex account in USD but held in Mexico. I wonder why chase wants you to split the transfers especially if you have this money in your chequing account. To do a transfer overseas all banks go through the swift system so being in Mexico makes no difference than sending money to the Uk or Canada.
  2. Mexican investments questions

    In one year it went from 20.6 to 18.6 now. Peso got stronger not weaker. Wonder where you got the 10% figure. Also if the peso weakens you only lose if you need to exchange back. If you live here long term there is less need to exchange back and fourth. What impacts people that have pesos is the inflation rate. Usually CDs keep up with inflation. An inflation of 5% is not awful. CDs make 7% so you net 2%. If CDs gave you 50% return that would be a BAD situation because your money would be devalued just as fast. I don't see that happening in Mexico. They are one of the richest countries in the world with solid growth.
  3. Mexican investments questions

    Sorry maybe I didn't read this right. Are you saying cartels were paying the bank to disclose them your account. Sounds very strange🤔
  4. Mexican investments questions

    I would advice against buying commercial properties in lakeside. A lot are vacant and a lot of new businesses pop up then fail within months for various reasons. Residential is better because of the expat demand. There are other areas in Mexico that have much stronger real estate markets than lakeside which mainly depends on expats and the US economy. (Look at what happened here in 2008) I would pick a city like Queretaro or Guanajuato where a lot of big companies have invested and created jobs. However real estate is not regulated in Mexico like in the rest of North America so there's a lot of risk too. If you don't know Spanish things get even harder to invest in those markets. The other thing about real estate is capital gains when you sell. They can be quite high. CDs get taxed at a flat fee of 5% (I believe it's 5% but it's in that range). Ohh and let's not forget about maintenance and management of real estate. I have had CDs with multiva for over 2 years and mutual funds. I average around 7% yearly on CDs (inflation is around 5% so you are still netting 2%) and the funds I got pretty lucky with around 20% returns but they are high risk ones. The bottom line is like you said it's not so much bank fraud as is the risks you are willing to take with currency and the type of investments you make. If you are planning to live in Mexico long term I think CDs are a good option (especially short term) because you will need to use pesos either way to pay for things. How much you want to exhage is then up to you.
  5. UOU FURNITURE STORE

    Yes they have some really well priced furniture. I have bought from there too and was happy with their service.
  6. Looking for Cheap Rentals

    No I'm quite happy here but I was trying to help by sharing my honest experience regarding rentals. I have rented in many parts of Mexico where they don't cater to gringos not just Ajijic. And I did not just make up all those events. When I was new to the area I would have appreciated people be honest with me and not just "welcome to paradise where everything is so cheap and you sip margaritas all day long and expect things like in good ol murica" Mexico requires us to adjust and understand the local culture. And the local culture of rentals is different. If you prefer less adjustment than the best way is to rent from a gringo, although like another poster said it doesn't always guarantee things either.
  7. Looking for Cheap Rentals

    Sometimes you get what you pay for. I don't want to profile all Mexican landlords under this but expectations are different in Mexico when you rent. 1. You are most likely renting unfurnished. You are new to the area. Don't know jack shiit where to go buy furniture and 99.9% of the stuff they sell here is overpriced crapp. Instead of coming down to Mexico to relax or enjoy your retirement you are now running back and fourth trying to make this place livable. Oh and the furniture was supposed to arrive 10 days ago but it's still not there and they promise you it will be there tomorrow. (This happened to me and it got very frustrating!) Also you may discover there is no hot water and lots of leaks in the house. Mexicans are a lot more slack about repairing leaks or even building their homes leak proof to begin with. So you have to hire your own contractors to come in for repairs because the landlord doesn't seem to want to fix it. (It happened to me in a 2 year old house rented by a Mexican landlord and I know many others that had landlords not fix anything). Also a lot of contractors will lie about arranging a time to come fix things and never bother showing up. (It happened to me too multiple times) Most Mexican renters know that it's their responsibility to make the place livable. Our cultural norms regarding rentals are different. Also a lot of the times places get trashed (not in gringoland so much but in other parts rented by Mexicans) and the landlord will show the house trashed to prospective new tenants. (Try looking for a rental in Guadalajara and you will see what I mean by that). Also a friend of mine agreed to rent a furnished place from a Mexican landlord and the day she moved in the guy had taken everything and left some old used furniture behind. She lost her deposit and her precious time. When you rent from a gringo they usually operate rentals the same way they would in the US/Canada. They come furnished most of the time so you don't have to run around sleeping on the floor the first month. Also they speak your language. So if Spanish is not your greatest skill you don't have to suffer with the language barrier. Also sometimes even if you know what a Mexican landlord says they may not mean what they say. Look up the definition of "magnana" or "ahorita" .You get a lot of that here. Again not all gringo landlords are great and not all Mexican landlords are crap but like I said the culture of renting is different so keep that in mind. Also do a simple google search on rentals in Ajijic/chapala and you will see what's available. There are rentals in all price ranges starting at $400 a month. My advice is to not book anything unless you see the place first.
  8. You may be really bored raising a family in Ajijic. Things to also consider: -healthcare. (I don't have any experience with free healthcare in Mexico but if you have an emergency you need to drive to Guadalajara to be seen in a private hospital) -things to do (most places cater to retirees and come 7-8pm almost everything is closed) -cost of living (housing seems expensive here, however hired help and eating out is cheaper than in big Mexican cities) -schools (I have heard of mixed reviews of one private school in rancho del Oro) If international schools are important to you bigger cities have more options. However they are much more expensive. -socializing (unless you already have friends here you may start to feel a bit lonely. People are usually very nice but finding people in your demographic that you may have things in common with is hard) -roads: despite having so much to offer our infrastructure seems to be getting worse. Yes we are less than an hour away from the airport but the road to get there is in awful shape. If you need to drive at night there is almost no visibility. The roads in the village are just dirt roads with some rocks and the sidewalks are not maintained. Also garbage pick up seems to be an issue for some neighbourhoods. Maybe this will change if the politicians in charge start having some pride in their town but it may be magnana or in a decade or maybe never. with that saying I do hope more younger people with families move to Ajijic but I just wanted to give you my perspective without sugar coating things.
  9. Where Do You Go For a BIG Salad??

    1. Fridas has the biggest portions but they are in jocotepec. They are very cheap for what you get. They don't skim on the quality however. 2. Adelitas; the cob salad is quite a good size with lots of ingredients and you can pick your own dressing. The price is very reasonable for how much food you get 3. Pasta Trenta; Niçoise salad is my favourite and very affordable. Most other places just give you overpriced lettuce with some dressing on it and not much else.
  10. Taxes on Rental Income

    So with all these extra taxes they are getting does that mean that landlords should expect better roads and public amenities? 🤔
  11. CPAP face mask

    Oops I read that as "CRAP face mask" and I had to click on this thread to find out more lol 😂
  12. Walking your dog

    It's safe to walk your dog on a leash for his own protection. FACT: Most neighbourhood dogs that are offleash are owned by Mexicans. Most of them won't be aggressive however Mexican street dogs are territorial towards other dogs but not humans (they are very friendly to humans in general) so they may bark when your dog walks by or just do nothing at all. If you have a small dog I would hold him if you see a lot of big dogs (4 or more in one corner) because some big dogs like to chase them as a game and when it's a lot of them they have a pack mentality. Most of the time you are fine however. The biggest issue if your small dog is off leash is that they will run get scared and probably be hit by a car. Same with big dogs too. Please don't bring any chemicals to spray other dogs. They may be roaming free but most of them are still socialized. Source: I have walked multiple adopted ex street dogs for over 2 years in Ajijic.
  13. Physiotherapy recommendation

    http://www.ulloaphysicaltherapy.com/index.php/en/
  14. La Vie En Rose # 2 on Independencia in Ajijic

    I have no alterior motifs to trash a business or be "part of a small group" (whatever that means). It was two of us and I'm sharing my experience of restaurant 4. The other diner that was with me can tell you the same thing I should have kept the bill to show you but never thought I would encounter a business owner with such an aggressive and rude attitude. Good luck in your new "business", you will need it.
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