i have been reading this thread because I WAS thinking of buying into the grand belizean estates. Iam so happy I looked here first. I have learned so much about what is going on with land developement and gbe and other like developments. I would to have liked to have bought into gbe and end up with a nice home to retire to in 10 yrs or to visit in the winter. but it is sounding like a big risk and the septic has me very concerned on the small lots.
i appreciate elberts and gubbies exchanges because that is where i learned about the gbe project vs why it sounds like it "could" be a great place to buy. I also learned that once lots are sold who is to say the developers dont pack up and leave and the developement never really happens? I have had septic problems in my own home and I live on 1/2 acre and dont deal with alot of rain! I can understand how a small lot could not possibly be big enough for septic and could overflow easily especially with alot of rainfall. thank you for this blog and the passion you all have to live, love,and care about belize.
I have pretty much given up on finding something that i could invest in belize to eventually retire to in 10 yrs as it scares me to invest there now. I also am naive to why banks dont loan money for buying lots and or longer term mortgages vs the developers being the only party involved in the fincancing? i feel maybe the banks may not want to be responsible when the developments dont actually happen and the developers can just run with investers money with a large down with very short term financing. makes me feel they can run with your money with no repercusions and maybe that is why the banks do not get involved?
So gubbie bought somewhere else on east side of am.caye. but can anyone tell me where someone could buy land in belize that would be a good deal and nice place to live?
there is another development palermo point but no roads. all by boat. There is some land on the mainland but Im not sure about where the safest places are off the am caye???
should i just give up on belize to live?
thanks julianne