U.S. housing woes go south -- to Baja
U.S. housing woes go south -- to Baja
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'Flippers' from California who invested in the construction boom on the northern Mexican coast are now finding it difficult to unload their condos. -- The ripples of the U.S. real estate boom began washing up on the shores of this beach town a few years ago. Californians, feeling flush from the steep run-up in housing values stateside, pulled equity from their primary homes and snapped up vacation properties in northern Baja California as if they were buying $10 lobster dinners. |
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News entry number 1158 added on Sep 8, 2007 in the Business News category.
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