But to be honest the US is not much better we seem to have rampant corruption in gov. with Nationalisation in the form of prescribed public easements and other forms of eminent domain "takings"As for the people of Mexico poverty is easily found thus the lower cost of living as well as many luxuries and securities we take for granted in the US.

It involves far less risk than purchasing a luxury rental and hoping the value will skyrocket sometime in the next three decades.

A $700 appraisal would be if the property was very large, like a mansion or was a bit special like a ranch or something.

And if you never made that kind of money before you probably blew a wad on car,, trips,, and other luxury items you deserved. 

It will be interesting to see what happens with the Luxury condo market over the next couple years as the unsold developer inventory hits the market. 

This is back in the day when the market is trying to recover and i have the luxury of pick and choose foreclosure with minimal competition.This is in Houston Texas and i bought it for 74,200$ 20% down.

But properties near beaches or lakes in Texas are at a premium a lot of times An absentee owner I would think would mean its probably their 2nd or vacation home, which also usually means its a luxury item and the person probably has a little bit of money.

It would be a great luxury if you could go wherever the market is primed rather than having to return to your home in a saturated market.

Quick roundup, get ready for this:18 units (going from studios to huge luxury lofts) spread over the upper floors of 3 retail stores (big franchises) in the main shopping street (one entrance, 3 addresses, if you follow). 95% of the construction done...

And in our ultra hot market listings are not real hard to service or manage, especially with docusign.thats how I would look at it.