Monday, September 17, 2012

Avoiding Other People's Mistakes on Ambergris Caye

Last week I received an email from a condo owner at Brahma Blue on the West side of Ambergris Caye. She wanted me to value and list her unit. I thought about it.
Access is by boat only.
Swimming in the "sea" there is an adventure as it's really "lagoon" waters and thus full of biting sea-insect type critters.
The development is only half completed (there were two buildings proposed, only one was

The development is largely in bank receivership. Actually this last bit is OK. Our experience is that when a bank in Belize has to take over the developers train wreck they generally do a fantastic job keeping the grounds and buildings in fine shape while they try to figure out ways of selling off the remaining units.

Can you guess why I didn't list it?
I have a ton of sympathy for people who were utterly duped by these West lagoon side developers - Brahma Blue is not the only one - but I believe firmly the chain of suffering should end right there and not be passed on to the next unsuspecting investor.

Our island has a lot of really great developments well worth looking at...Brahma Blue and the other stuff on the West Side isn't any of them.

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