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Every time I go to Guadalajara to shop the malls are full with shoppers who are buying as well as in Sams, Home Depot, Costco and all the American style resturants like Chili's, Applebees, Fridays. People here buy tons of Krispy Kreme donuts. Businesses that have companies in the U.S. as customers are having a hard time but the Mexican economy didn't get hurt very badly this time when the U.S. economy failed. Like Canada, Mexico didn't invest heavily in the U.S. mortgage market.
I have done extensive large-scale land use planning studies for major developers both in the U.S. and Mexico within the shopping and tourism industries, and therefore I may be able to answer your question, Willy702:
Developers of large-scale projects are not concerned with *today's* demand or market conditions. They typically base such projects on the expected demand 15 years or more into the future.
And yes, even some land developers are fools, just like the rest of us mortals. Having one's hands on money doesn't assure intelligence.
The point is self-described experts, of which there are hundreds of millions in the US, snipe at home while doing zero research about how things are down in Mexico when they are not. Housing prices in Juarez are up, factory activity is up and the economy there is up. All despite supposedly being hell on earth to outsiders who wouldn't even dare enter it. True those with money don't always make the right decisions, but if they were to invest a dime into a city right now wouldn't you think they had a more intelligent opinion about what is really going on than someone who bases their viewpoints on what they read in the media or hear from some random coworker or relative?
... if they were to invest a dime into a city right now wouldn't you think they had a more intelligent opinion about what is really going on than someone who bases their viewpoints on what they read in the media or hear from some random coworker or relative?
Don't get me wrong - I think you are on the right track. I believe that the distinction lies in the fact that (1) investors are working creatively into future possibility, and (2) others here are simply reporting on present conditions. Visionaries and reporters are two different animals.
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