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Crazydog

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Posts posted by Crazydog

  1. Whoever you talked to at your banks is right. 

    You cannot have more than one name in the account. This is what shows up on bank statements and what you use to do wire transfers. 

    You can however add a second person to give him the power of attorney to make transactions for you. Their name only shows up in a bank contract but not in any statements. They can also go in the branch and whithdraw cash and complete wires without the primary account holder being there  .

    The easiest solution would be to open an account with your name on it.

    Source:  have three bank accounts in Mexico. All operate the same. 

    • Like 1
  2. 15 hours ago, mudgirl said:

    Maybe one of those "super sweet" pitbulls.........

    Anyway, glad to hear the donkey was attended to.

    If it was a dog that did this, maybe it's the result of ignorant/negligent humans not being responsible for him/her and not helping with overbreeding of street dogs (like getting your dog spayed/newtered) when this service is FREE! 

    Before you point your finger on a particular breed (that may not  have even been the type of breed that attacked), please look at the big picture.

    • Like 3
  3. 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. 

     

  4. 15 hours ago, El Saltos said:

    In the last 12 months the Pesos has lost more than 10% of its value.  Now how's that 7% look?

    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. 

  5. 4 hours ago, Aquaponicsman said:

    I used MultiVa (Casa de Bolsa) and just let them manage my investment account. They did quite well for me.

    Not that I had any problems with MultiVa, I did not, but I have now moved my investments to another country (Grand Cayman) to avoid disclosure of my account balances locally.

    Cartels pay more for that information than account managers make in a year. I just felt it wise to remove that temptation -- for everybody's sake.

     

     

     

     

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

    • Like 1
  6. On 2017-11-13 at 12:02 PM, NachoOE said:

    Property rental is a safe investment. I would add looking at commercial properties is even better than houses, less of a hassle than renting houses for multiple reasons mostly dealing with getting people out of your property if they don´t pay, eviction process in Mexico ir really a pain in the... especially with houses.

    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. 

     

  7. 40 minutes ago, ComputerGuy said:

    Wow, Crazydog, good to know you're so happy here.

    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. 

     

    • Like 2
    • Thanks 1
  8. 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. 

     

    • Thanks 1
  9. 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. 

     

    • Like 2
  10. 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.  

     

  11. 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. 

     

     

     

     

  12. 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.  

    • Like 5
  13. Monex is good if you want to have foreign currency in Mexico but they are not a bank that you can use for pesos for everyday life because they don't have a debit card. If you need them to hold US dollars with you exhanging them whenever you like into pesos they are great. All tranactions are done via email or phone so no need to go into the bank. They are awesome if you need to wire money outside of Mexico also  

    If you need a bank in pesos for everyday usage you can do a transfer from your monex bank after you exchange your pesos into a local Mexican bank. I have experience with multiva and they are very good. I don't know intercam but they may be similar. 

    Multiva has debit cards where they allow 5000 pesos cash whithdrawls a day. They have an online banking system which alllows you to pay bills and make transfers within Mexico. I currently pay cfe and all my hired help/contractors through them and the system takes a bit to get used to but after a while it's easy. 

    You can also use the card to purchase in stores and I think their daily limit is around 35000 pesos (not entirely sure but it's higher than the ATM limit). If you need more cash you can go into the bank with your passport and it's instant. 

    If you have more cash left over they have products such as CDs and mutual funds. Monex has similar products but multiva's CD rates seemed slightly better.

    Also if you were with actinver and they are giving you a hard time moving your money do not go to the cashier and cash it because it's quicker. You will be flagged if it's a large amount when you deposit it into a new bank. Pressure them to do a wire transfer.  

  14. 17 hours ago, ComputerGuy said:

    The reference was to now defunct Restaurant # 4, which later became just 4, and their habit of adding a service charge for larger seatings. Originally this patisserie was mentioned as having owners of that place involved with this place.

    Larger setting must mean 2 people for them. Good thing we checked the bill to notice what we ordered didn't add up. After asking them what that was about and them making us wait for a good 15 min to "sort it out", it was determined as a "service fee" but then it was said it was up to us to pay it (although it was reflected in the total). They got ZERO tip and I won't even give their new business a try now. 

    • Like 3
  15. 7 hours ago, zerbit said:

    Al Berca, in Guanajuato City, I have to fight the bees to get one of my favorite outdoor vendors cinnamon rolls. Yeah, the woman who sells them does her best to shoo them off, but eventually her arms give out. I also get a kick out watching the kids at the ice cream stand squeal as the bees swarm them for a shot at their limon ice.

    You cannot compare bees to flies. Do a simple google search why flies are so bad when they contaminate food. 

    I also agree with you regarding implementation of any food safety (this is the government's job and we know how great they are here) but it doesn't stop me from thinking that the owner of the establishment shouldn't take some pride in their business and invest in a fly zapper or two, or maybe have some fans as well. 

    Go to 5 star resorts in riviera maya and you will not see a single fly. Why because the owners want their customers to return and spend more money. They are not doing it because they are following some government food and safety regulation.  

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