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joe2k

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About joe2k

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  1. All, I visited Escazu this week for only a very short period but I "seemed" to get the impression that the real estate market there is in a bubble. Prices for both rent and sale for "gringo like" properties are way overpriced considering what you get, what surrounding infrastructure looks like, nominal salaries of even high tech tico workers and other factors. The problem with real estate bubbles is that they could continue to grow, stablize to match real conditions or simply burst at any time. Can someone who lives nearby or has intimate replacement construction cost information make some comment about the prices? What struck me as one indicator(among many) was a developer who joked that he was simply going to build out all the houses in his land development rather keep the money in the bank. Please any comments...
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