Costa Developer’s say real estate is “growing at nearly 400%”

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  • November 29, 2010 at 12:00 am #170966
    jerryboda
    Member

    As the author of a book about Costa Rica real estate, what do you think of this BS Scott?

    Take a look at this article at http://costaricarentals.pongyangkok.com/category/costa-rica-rentals-articles/ scroll down a few articles and you will read this.

    Costa Developer’s say real estate is “growing at nearly 400%”

    The article says: “Prime real estate is a very wise investment, as some areas along the coast have seen as much as 400% growth in the past few years.”

    Is this true or is it 400% BS?

    Jerry Boda

    November 29, 2010 at 5:34 pm #170967
    Andrew
    Keymaster

    I believe your use of those two letters “BS” is the most accurate and concise description of this drivel Jerry…

    Scott

    November 29, 2010 at 5:38 pm #170968
    jerryboda
    Member

    Thnx Scott.

    That’s what I was thinking

    November 30, 2010 at 10:18 pm #170969
    crltd
    Member

    costa real estate is in a buyers market. any inflation of value that had occurred over the past decade has been wiped out. homes that i once sold for $175,000 are re-sales at $135,000. definitely a buyers market…
    RB

    November 30, 2010 at 11:06 pm #170970
    grb1063
    Member

    Total BS is right. The prime pieces of real estate in the southern Nicoya Peninsula area have been flat at best over the last 2 years with most foreign owners taking big disocunts or terms because they often overextended themselves in the US.

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