Mexico Resort Real Estate Update Newsletter from The Settlement Company

Mexico Resort Real Estate Update ………….

From The Settlement Company®

Welcome to our 4th Quarter newsletter. It is the final edition for this decade.  TOP Mexico Real Estate will divide this newsletter into several posts which will be aired over the next several days.  The decade started out with a strong world-wide economy and few if any signs as to how it would close. It has been a rather rocky road.  The words, “bail out” are heard almost daily. The latest of course is the bail out of the Irish banks by the European Community.  Economists are sending mixed signals. The stock issuance by General Motors was a bright spot, but followed too quickly by events on the Korean peninsula which set back the market. A new book, “All the Devils are Here; the Hidden History of the Financial Crisis, is co-authored by Barbara McLean. While it does not place blame, it is a rather accurate chronicle of what has caused the crisis. “Black Friday” was hopefully a good omen for retailers in the U.S. Shoppers came to buy in droves. Macy’s Inc C.E.O. said the retailer had 7,000 shoppers outside its flagship Herald Square store in Manhattan at 4.am. on Black Friday. That is 2,000 more than last year.

La Paz Real Estate region Makes Record Book: Those who habitually walk and exercise on the Malecon had a surprise on day, last month. Lining the route were tables with a white paper covering. We left the house early for our normal trip to the gym, but the road was closed.  So we walked to the start of the Malecon. On the way we saw a large unit making dough. We continued to the end where we met Ralph Hannah who had been sent from Uruaguay by the Guinness Book of Records group. He had been sent to La Paz to act as Adjudicator. Employees from 54 restaurants, along with 3000 volunteers were busy creating the world’s largest burrito. A pickup truck had been modified so that a conveyor coming out of the back would spew out a seamless tortilla. As the truck moved ever so slowly down the Malecon, and workers lifted the tortilla on to the line of tables.

The tortilla would be filled to create the burrito. Ingredients used were, two tons of flour,250 liters of milk, 400 kilos of tomatoes, 40 large onions. 300 chiles 200 kilos of salt 3 tons of minced fish.  When finished, the burrito weighed 5.7 tons. I walked down to the Malecon a couple of times to watch the work in progress. On one trip, I was treated to a famous La Paz real estate sunset.

After 15 hours of work (and two years of planning) Adjudicator Hannah proclaimed the record was official. The burrito was then cut into 27,000 pieces to be shared by the spectators. Mr. Hannah mentioned there were several Mexican groups seeking a record this year. These included Guadalajara (largest Mariachi Group) and Mexico City a large enchilada which he told me was smaller than the burrito. Mr.  Hannah accredited the activity to Mexico’s celebration of Independence and the end of the revolution.

John Glaab

“Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”