[BajaGringo]

Five million pesos for an average home in Tijuana is ridiculous. Of course I think 800 thousand dollars for a tract home in Southern California has crossed over to insanity.

[mx-rider]

5M pesos? That number seems almost impossible to believe.

[blitzer]

That’s just so crazy! I hope and pray that the landowners that I have been talking to don’t see this.

[mx-rider]

You’ll know if they suddenly double the price. Nice avatar BTW 😆😆😆

[blitzer]

I noticed that too – so where do you like to ride?

[mx-rider]

A lot of places down in Baja but I don’t share my tracks publicly. Private message me.

[JuanSoler]

Five million pesos – 250K USD – does seem too high for Tijuana but as the developer mentioned, Tijuana also has a lot of home priced much higher. Think about all those neighborhoods in the city where the business owners and wealthy live. Where all the Americans coming down to rent in Tijuana while commuting to work in San Diego live. The homes you see in the colonias are probably selling for less than 5 million pesos but still much higher than the Infonavit max loan amount. Either way, workers still cannot afford to buy a home today, something they were able to do until recently. All you needed before was to have 3 years on the job, your employer matching your Infonavit deduction and then purchase from an Infonavit approved development.

[six-one-niner]

I understand your reaction but there are more people who move to Tijuana every day and no more room to build. Less housing available = higher prices for rent and home sales. A home in the working-middle class colonia (Buena Vista) where I grow up sold last month for 2.9 million pesos (about 145,000 dollars). Twenty years ago my mom sold a much nicer home on a larger lot size only one half block west for 25 thousand dollars. Times have changed.

[JuanSoler]

I get it but it’s still hard to accept. I think another contributing factor is all added stress from more people from San Diego looking for affordable housing in Tijuana and commuting to work across the border each day as well as others working remotely. The rents in San Diego today are astronomical and even with rents on the increase in Tijuana, they are a bargain in comparison.

[blitzer]

One of my coworkers did exactly that, renting an apt in Tijuana last year to save money. The funny thing is that his original motivation was to save up for a down payment on a house San Diego but now he’s thinking if he can do this for 2 more years he can buy a place by the beach in Playas de Tijuana and have zero house payment.