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Baja California luxury developments go from boom to bust

The Americans who flocked to buy oceanfront condos south of the border have vanished. Prices have plummeted, and some cash-strapped developers have halted projects midway. The condo in the Palacio del Mar development just south of Mexico's Rosarito Beach spares no luxuries. Travertine tile. Stainless steel appliances. A customized wine rack.

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02:10 on April 16 2010

Baja California luxury developments go from boom to bust

L.A. Times - News — The Americans who flocked to buy oceanfront condos south of the border have vanished. Prices have plummeted, and some cash-strapped developers have halted projects midway... more info
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