The biggest knock on this place, at least from my point of view, is the beach. It’s not great right here in Loreto. Of course, as one property management lady put it, “If we had great beaches, we’d be Cabo. And we don’t want to be Cabo.” It’s a great point. Here’s the thing, though: there is white sand to be had about an hour’s drive north in Conception Bay. It’s borderline Caribbean looking up there. Even better, just a 20 minute boat ride takes you to Coronado Island, just outside of Loreto Bay. Di and I shared this entire crescent beach with a pelican and a sleeping Mexican boat captain.
We’ll be looking at rental properties today, with a goal of securing a rental agreement for our final return in early January. We’re hoping for something with local character, but there is a fallback newer apartment, 2br, 2bath, fully furnished with swimming pool, etc, for $600/mo.
Even if I had the money, I’m not sure I’d buy here just yet. Although the market has been slammed, and everything is for sale, I don’t think people have yet accepted that their homes aren’t worth what they were just a year or so ago. I can relate. It’s a bitter pill to swallow when your most prized asset is suddenly worth a fraction of itself because of some nebulous thing they call “the economy.” My guess is it will take another year, just like it did up in the States, before homeowners are willing to shake off the denial and drop their asking prices for real.