Tuesday, November 23, 2010

Unfinished condo driveway

As if yesterday's photo did not look bad enough, here is a photo of the same driveway, looking up rather than down. Obviously no on is going to buy one of the condos at the top of this driveway until this driveway is paved. If the developer has run out of money to pave the driveway and finish the condos, the people who put money down on these condos will not be enjoying their condos for years.

My wife and I bought both of our condos in projects developed by the Tamarindo Diria Resort, the largest hotel in Tamarindo. We felt that there was security in the confidence that the buildings would be finished because the developer had substantial assets and a reputation to protect that would ensure that the projects were developed successfully.

I apologize that this series has taken a turn to show the unpleasant consequences of the U.S. recession on the Costa Rican real estate market for vacation properties. I will return to happier subjects tomorrow.

On our Viva la Voyage travel photo site this week we are showing one of our favorite places -- the town of Bellagio on the shores of Lake Como, Italy. It is much more beautiful than the Las Vegas casino that it inspired.


Sharon said...

I've driven on roads like this. However, it was in a four wheel drive vehicle.

Alaska said...

Good post, Usually the choice for an all-inclusive resort is made after weighing factors such as mode of transport, places to stay, food and budget of the visitors.Thanks
Costa rica all inclusive resorts

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