Comments on: Fire sale: Banco Popular lists 200 properties at up to 60 percent off, up to 100 percent financing

By: Brian Carr

Brian Carr — Mon, 18 Jan 2016 22:29:00 +0000

Richard, why would you want to know about such insignificant details as how many hectares are included? Remember , here , generally speaking details are not important. Clear concise communication is rare, period. Actually, you know this as you’ve been here for sometime. Smile, laugh, accept, and move on, as this is this problem is part of the norm here !

By: Ken Morris

Ken Morris — Fri, 15 Jan 2016 06:20:00 +0000

Not important, but as a curiosity I counted only 31 houses out of 195 properties at an average discount price of around $75,000. Seems like most of those who went under owned lots (though a smattering of fincas and office buildings too) while the homeowners were not poor, on the average for Costa Rica. Just an index of the overall economy. Lot owners going belly up makes sense,. I would imagine that people buy these with big dreams only to run out of money and say forget it. The houses are more interesting. Probably some are deaths in the family and so forth, but on the average we don’t seem to be looking at poor, unemployed Ticos. We seem to be looking at upper-middle class Ticos walking away from houses that required an income in the neigborhood of four times the national average to buy.

By: richard schlinder

richard schlinder — Fri, 15 Jan 2016 00:48:00 +0000

None of these farm properties show number of hectors.