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Blogs About Real Estate Investment & News | Page 116

12 September, 2012

The irony didn't pass unnoticed this week,as the Mexican government proudly
announced the Global Summit over Lessons
Learned from Influenza A (H1N1)
in Cancun,the New York Times ran a story
suggesting the new swine flu started in Asia,not Mexico.

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12 September, 2012

ASUR,the privatized Mexican airport group that operates Cancun International airport,announced today that there was a 39.79% increase in Cancun’s international traffic for the second quarter of 2010 year-over-year. According to the report,revenues increased by 33% and operating profit rose by a whopping 70% over the same period.

Some attribute this stunning increase to the recent recovery from the global recession and the dissolution of swine flu fears. Other analysts believe the ongoing Gulf oil spill has driven many vacationers from traditional getaways in coastal Alabama and Florida to Mexico’s pristine caribbean shores.

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12 September, 2012

If you think the stock market’s recent wild ride may be over,think again.  A day after the Dow Jones largest one-day loss,a terrifying 1,000 point plunge,it bolted from -279 in the morning to black and whipsawed back to -139 where it landed for the day.  This is the kind of extraordinary volatility that we have been forced to become accustomed to on a regular basis in America.  Art Hogan chief market analyst at Jefferies & Co. put it quite apply,“It’s a pile of uncertainty out there”.

Seven Year Setback

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12 September, 2012

Carlsbad,California based Callaway Golf Corp announced today that it is moving manufacturing operations to Mexico. Callaway,one of the world’s most recognized golfing companies,will soon start manufacturing state-of-the-art golf balls,the number one rated golf irons and the famous Big Bertha line of clubs,south of the border.

Lured to Mexico by cost savings,Callaway expects to save $35 million to $45 million over the next 3 years. Although some folks are “teed off” at the announcement,many investors realize that Mexico is now the cheapest place to manufacture products bound for the U.S. In fact,many Chinese companies are currently relocating their manufacturing facilities to Mexico.

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12 September, 2012

BMW the world’s largest maker of high-end automobiles,said it would invest $2.4 billion in the Mexican economy by 2012. The Munich-based,mega-luxury car manufacturer has plans to also increase its purchase of Mexican auto parts from the $615 million it spent in 2009. 

A spokesman for BMW said that in the near future the company has a goal of significantly increasing their spending south of the border making Mexico’s share of BMW’s auto production roughly twenty percent. 

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12 September, 2012

Bloomberg said on Thursday that the peso has gained 7.5 percent this year against the dollar beating every other major currency. Economists predict the peso will strengthen to as much as 11 per U.S. dollar,an 11% gain,before the end of 2010. Many commercial banks and institutional investors are now buying in Mexico,hoping to see their investments ride the coattails of the peso’s increasing power. Why is the peso so strong?

Mexico appears to be surging out of International Recession with a first quarter growth rate of 4.3% and up 10% over the last year,outpacing almost every other country. Despite looming drug-war headlines,Moody says Mexico expects $20 billion in direct foreign investment this year and continued growth trajectory for the remainder of the year. There are already over 18,000 American companies investing and operating in Mexico (Starbucks,Walmart,Blockbuster,Office Depot,GE,Bristol Myers Squibb) and over 1 million American citizens (more than any other country) who,live,work,invest and retire South of the Border with more on the way. 

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12 September, 2012

Bloomberg reported yesterday that Miami,Ft. Lauderdale,Palm Beach and the Florida Keys face a 61-80 percent chance of the BP’s tar balls reaching their popular beaches and precious real estate. They face a greater probability of being affected because the black oil has entered the Gulf’s loop current which snakes eastward and around the tip of Florida. If the nasty tar balls arrive on the billion dollar beaches of Miami,Palm Beach and Ft. Lauderdale,the real estate market and coastal Florida economy could face a catastrophe.

The real estate market in many places along the Gulf and Florida coast has already seen up to a 32% devaluation according to Moody's and things may get even worse as buyers,developers and vacationers look for investment alternatives. There are over 4,000 operational oil wells in the Gulf and investors are wisely questioning why they should risk their financial futures to the potential of this kind of multi-decade,environmental disaster. 

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12 September, 2012

The Mexico bank lending recovery is solidly on track to post double digit growth this year as Mexico's economy accelerates out of the recession. All of the major Mexican financial firms are predicting bank loan growth of 15-20% this year and sustaining this rate for the next several years. Mexico's banking industry is currently on pace to outperform almost every other country in this category.

Led by strong advances in the public and commercial sectors,loan growth has increased almost 9% year-over-year. Loan balances were 2% higher this month than the previous month alone. Most of the bank loan growth is coming from real estate investors,home buyers and financial institutions.

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