Where will billions of San Felipe real estate dollars end up?
by Jose Perez In January of this year, the first meeting of the newly forming San Felipe Realtor’s Association took place at the San Felipe Marina and Spa. Uria Amor, AMOR REALTY, took the initiative of contacting an attorney to draft articles of association and organized the first conference. The meeting, from this reporter’s observations, seemed to be a positive experience for all in attendance. The most notable remark was made by Ms. Amor: “Looking around this room, I see gathered a group of future millionaires”. As I looked around the room I saw approximately forty five white folks and five or six brown faces. This made me consider: Where will all those millions go? No doubt about it, Uria Amor is right. Billions of dollars worth of real estate will be sold in San Felipe in the next two years. And realtors, especially U.S. realtors in San Felipe, will reap hundreds of millions of dollars in commissions. Will they re-invest in Mexico or will it be deposited in Palm Springs’ bank acc
