Every morning when I look at myself in the mirror, I scowl at all things that I did wrong when I moved here. In the end, the smile returns, when I think what good fortune it was deciding not to purchase Real Estate here.
As time goes on, I am more and more convinced that I will not stay here for 10 years. I am now good with the idea that when the time comes, sell everything for pesos on the dollar and start over at the next destination.
I feel for those that need to get top prices for their property. The current reality seems to be that most will probably have to settle for less and if anyone is in a hurry to sell, perhaps much less. It's only worth what you can sell it for on the day a buyer is standing in front of you. I'm watching the properties around me dropping in price in the order of 25,000.00 USD every few months with none having been sold. Some are on their 3rd and 4th price reduction.