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Phase 1, 2, and 3 aka Heights, Hills, Valley of Pacifica were the only lots sold as 1 acre plots. I wasn’t aware of any financing when I purchased two lots for a full payment of $25,000. My understanding was that each project was a separate entity, and since they were sold for cash first, they were to get the first infrastructure. Gale always told me he made no money from selling dirt, that he wanted to make money on the homes he planned on building for his clients. All properties sold after Phases 1,2, and 3 were the hectare plots (2.47 acres) that people bought for $60K+ with the $25-30K down payment and balance due 5 years later.
Then global financial meltdown caused many to not be able to come up with the balance, and that was money Gale & Co. were counting on to be used for the infrastructure.[/quote]Therefore if Phases 1,2, and 3 also offered financing (although you say you werent aware of any) then the offer appears to be that they are only committed to commencing infrastructure after the balance of payments some five years later. Certainly this appears to be the case with the later Phases. You may think I am taking their side but really I would be happier if everybody got what they were supposed to get and who knows, it could still be possible if the owners of each property formed their own investors group and cooperated to figure out who owes what and if this would be enough to cover the costs of building out the project. I would have thought it far more productive to get together to take control of each project than to line the pockets of a lawyer here with a case that will likely produce very little for a very long time.
Without seeing the contract it’s hard to form an opinion here and certainly if deposits that were sold as refundable were never returned there is a case to be answered. Why not form a web site and try to make it happen. If though, your new partners were only in this as speculation and now don’t want to proceed because they can’t flip it then it’s unlikely they will want to particpate. Having said all this it seems to me that the price of $12 including infrastruture is very low.
daboss06 – “The contract then stated infrastructure (roads, electricity, phone, water,) would be in place one year after the lots were paid in full. That was a lie that was later extended to 18 months–again, another lie”.
I wonder if you could clarify something for me – the commitment to build infrastructure states that they would build it after all lots were paid in full? From what you seem to be saying, and please correct me if I am wrong, the vast majority of people didnt complete their payments.
daboss06 – You say you were given replacement land and now have the Title. I would like to know if Paragone commited to build infrastructure of any sort in the contract – could you or indeed any buyer shed some light on this..thank you.
[quote=”mindfulobserver”]This forum is quite interesting due to the broad nature of topics discussed.
However, I have seen quite a few people lately who express strong political views and are rebuffed by the forum members as ^NOT BEING COSTA RICA RELATED^I used to be rebuked for this frequently – but really those that complained just didnt like what I said. Screw the forum bullies -these people want to tell you what you can say and where….they sound like socialists to me. Which brings me to the point that the experiment with socialism will soon be coming to an end just like communism before it… sorry did I go off subject?
The War on drugs has already proven to be massive failure and the sooner Governments accept this and move to legalisation the sooner the profit motive will be removed and the money can instead be spent on educating people about the long term effects of drug use.
P.S. Sell the Dow and buy gold…………you’re welcome.
[quote=”jhicks920″]Hello everyone my name is Joseph Hicks, I have been traveling to a from Costa Rica for the past 3 years and am finally ready to make the Big Move. I was wondering if anyone could give me any advice in finding a job. As far as work experience, I worked for a stock firm for a couple of years and as a real estate agent here in Florida. Any type of advice at all would be greatly appreciated.[/quote]
What’s a stock firm?
Poppell – A new law allowing Real Estate Development Funds has just been passed. This kind of Offering is not for everyone however since the maximum number of participants in each Fund is restricted to 25 and the amounts involved would typically be in the tens of millions, thus perhaps making the mimimum investment per person in the $500,000 – $1m range.
My understanding is that these Sugeval approved Funds could well be suitable for U.S. investors although I don’t yet have the full details.
Now I know why you wanted to drop it so quickly. You said I don’t respond when faced with the facts; turns out you were bluffing and were hoping that would be the end of it.
Now would be a good time for a retraction…i’m nothing if not generous and will allow you this opportunity…again.
rebecca – I agree with you, her comments are of course ridiculous, in fact it’s insulting that she even said them.
My trust level in her at that moment fell too zero and it seems my judgement was right since she has failed to do her job by not getting back to me after telling me she would put my farm on the market.
I have though taken the position that since I am developing my property, I don’t want to make enemies out of the biggest realtors. On balance though I didn’t care for her bigshot attitude with all her talk of flying to Europe to hold seminars for big investors that she felt necessary to tell me all about, so please go ahead and do your thing; I’m looking forward to the feedback
redbaron – I was under the impression you knew someone at the beach offices and it would be a casual thing. I wasn’t really after a Spanish Inquisition or an internal investigation! I feel like this is going to get blown out of proportion…
However, this woman kind of rubbed me the wrong way from the get go. She stopped her car before we reached the property and asked “how much further?” in a frustrated tone, despite me giving her precise location details before in our first phone call. Then she said that it would have been better if the other office nearer us had dealt with it (is it my fault she didn’t transfer the job to them because she doesnt know where Cana Fistula is?)
I don’t want to get someone fired but she did claim that the distance from high tide to the construction at PG was because the sea level had risen.
Her name was Pennye, spelt like that… She’s in the Flamingo office. Nice enough woman really, but is there really any need to lie? Who knows, perhaps she’s right!! It’s more amusing than something to be taken seriously and perhaps it should be left as such?
Opinions welcome…
Thanks for that. I note that BCR have just released a second level of security that attaches a code producing card to the online process; I have one for a European account of mine and it is extremely secure. I wonder though if this measure will simply make it more apparent that the issue is internal and not, in most cases, the fault of the client.
Why don’t you move your dollars into a gold ETF via a local bank; gold is the best performing currency against the dollar over the last few years and will likley continue to be so. Gold $7,000, Dow 7,000, just a matter of time.
