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Borrego: one resort for sale, two big properties in escrow
There are 22M people within a 3-HR drive of Borrego Springs. There are 80M baby boomers in the US alone, not to mention the internationals i.e. Canadians, who are seeking 2nd or vacation homes or a place for retirement within close proximity to their home place. Borrego will never be a Palm Springs but it is what PS used to be. It presents a unique opportunity for people in search of a warm, beautiful, quiet and safe place to enjoy their leisure time or retirement, all within a reasonably easy reach of major metropolitan areas. The last economic cycle saw a run-up in real estate and business values and some of these establishments suffered from over-leverage and carrying costs and could not meet these obligations when things turned down. New owners will have the benefit of acquiring these properties at a greatly discounted basis with lower taxes and operating costs resulting in greater profitability as the economy and the real estate market improves. As long as there are opportunities, there will always be risk takers and people with vision who will take on a challenge. Thank GOD for these people!— January 16, 2013 5:14 p.m.
Borrego: Flipsville Seeks a Savior
for every 100 cars going down the freeway, one gets lost and ends up in Borrego. The occupants fall in love with this place and call it home. It will never be a Palm Desert, Vegas or Scottsdale and that’s why the people love it, even with its “faults”!— July 1, 2011 10:59 a.m.