Original Message:
Montecristo Estates prices....Dollar vs. Peso (by Lewis H.):
I am sure by now anyone that has travel to Mexico recently or has followed the value of the peso versus the dollar has realized that the dollar has gained about 40% against the peso in the last 2 years with most of that coming in the last 6 months. However, the prices quoted for the units, as well as the maintenance fee, are in dollars. So,it appears that what Pueblo Bonito is getting has really been a 40% increase in unit prices and maintenance fees, since their costs to build and maintain are presumed to be in pecos. And the price they charge for maintenance fees do not have to reflect their costs but are tied to the US rate of inflation, with a cap of 6% annually.