大咖福利影院

stueyolson wrote:

I have decided to hold off purchasing in Las Olas.聽 The main reason is I have financed several master plans in the USA and they have always built the amenities first.聽 With this development it's a promise.聽 If it was a solid development they would build the golf course, health center, and fitness facilities first..then sell the lots..and the homes are not that reasonable.聽 $150 per foot is similar to what I can get in the USA.聽 I think its an act of desperation and so I am going to wait.

Likely a wise decision to wait and see.聽 Las Olas may turn out to be a fabulous project, but the syrupy-slow progress makes it appear iffy for folks who don鈥檛 feel comfortable with the developers' version of a timetable.

$150/sf may seem a bargain some day in retrospect.聽 But factor in the possible years and years of waiting time during which time you鈥檙e paying rent or other lodging expenses elsewhere.

Your assessment of a supposed 鈥渁ct of desperation鈥� seems unfounded, however.

cccmedia in Quito

drosenbe1 wrote:

Stuart,
I bought at Las Olas and believed in the community so much that much like our Director of Marketing, I decided to resign from my lucrative job in the U.S., as did my wife, and we moved our family to Ecuador to become part of the Las Olas team as the Director of Sales. Does that sound like someone that does not have confidence in the project and the value it offers? I understand that Las Olas may not be for everyone, but I would like to make sure that when reading these posts people are comparing apples to apples. If you could find in the US an ocean front property where all-year round the weather is perfect, located on a 15 mile stretch of unspoiled beach while in the middle of nature but still less than fifteen minutes from a shopping center, where you can buy a premium quality house with not only spectacular views of the Pacific Ocean but also of the golf course and it includes air conditioning, solar thermal hot water, renewal energy solar panels, on a championship golf course (golf membership included), with all modern amenities including beach club, equestrian, tennis, gyms, nature reserve, etc.; and you can get a 2,000 sq. foot house including the lot for less than $300,000 (You can get even a cheaper price in Las Olas depending on location, and condominiums start at under $100,000); and have home carrying costs that are less than a quarter of comparable US carrying costs, then please let me know where that鈥檚 available in the U.S. so I can purchase too. Everything I researched previously that is comparable to Las Olas was at least twice as expensive. I seriously doubt you can get that value/quality ratio elsewhere, especially in the US."

So what did you sell in the USA ?

stueyolson wrote:

It's simple math and my estimation is very generous...Four golfers in each group, 10 minutes each (15 minutes is the norm).聽 That is 24 golfers each hour....12 hours (which is generous) each day.....Pebble Beach and Bandon Dunes does less than that on a single course...and wait til the boutique hotels come on board.聽 They will golf too....simple math elvis.

Dream, Dream, Dream.聽 I'll stick with what I got and build my home near Bandon Dunes...it rains but I like the challenge of playing golf in the rain....by the way, there renderings are either number 4 at Pacific Dunes or number 16 at Bandon Dunes....

I wanted to stay out of this discussion, but I have to jump in. Above, you said you don't know who cccmedia is... Before jumping into this thread you should have read the +200 messages previously written by the 大咖福利影院 community. That way, you would know that cccmedia is one of the most active participants on this blog and I think he deserves great respect.

People who are buying at Las Olas does it for several reasons, but the main ones are the great year-round weather and the unspoiled beach with warm waters.

Apart from that, you will find people attracted by the amazing surrounding nature, or the fact that Las Olas is an eco-community.聽 You might be surprise to learn that only 40% of buyers are attracted by golf.聽 That's because Las Olas as so much to offer. Some people buy because of the equestrian facilities, some for the tennis and pickle ball club, some because of the community spirit itself.聽 It's far from solely being a golf community.聽 When you have access to a 650-acre private nature reserve with miles of trails where you can walk, bike or horseback, when you have fitness facilities, a spa, a private beach, restaurants, etc., golf is just one thing amongst a large choice of amenities and activities.

If you hesitate between Oregon and Ecuador, I'm sorry, but I just don't get it. If you want to compare Las Olas with other similar developments, look at Mexico, Panama or Costa Rica... not Oregon! Temperature never drops below 65F here and you can play golf in short sleeves every single day of the year.

And if you are a golfer, you would know that 15 minutes between tee times is not the norm (in fact, I never saw that in 30 years of golfing all around the world).聽 In 90% of golf courses in North America tee times are usually each 8 or 9 minutes apart. Some very popular course push it to 7 minutes, while private and resort courses without much activity will have a group every 10 minutes.

On top of that, you can't compare Ceibo Valley Golf Club at Las Olas, a private golf course, with Bandon Dunes, which is a daily fee resort. It cost up to $310 to play a round at Bandon Dunes (walking only, not carts allowed) and let's be honest, when the daily maximum temperature averages over 60F, the green fees are over $200 per round. When living at Las Olas, you take your golf cart right in your garage, drive it to the club house, or practice facility, and enjoy!

Family membership at Las Olas is estimated at $130-$150 per month... And here's a real picture of the 15th green complex, so yes, Las Olas is truly building an amazing golf course.



Please compare apples with apples.

gardener1 wrote:

In response to the recent posts about Las Olas -

There is NO golf course.
There are NO homes.

Reminds me of the medieval philosophical debate about how many angels can dance on the head of a pin.

Please see the picture in the above message regarding the golf course in construction and the ones below for home in construction...





Las Olas is not a small project...

stueyolson wrote:

There you go.聽 The disclaimer finally surfaces.聽 Buy at your own risk.聽 Not a good situation.

It's not a risk worth taking in my opinion unless (i) the deposit is an immaterial amount of the purchaser's retirement assets (so they can afford to lose it completely and not miss a beat) and (ii) they are in good health and at least 10 years from retirement or, again, so financially well off that they're living the dream elsewhere while Las Olas runs its ultimate course.

stueyolson wrote:

And would you comment on the status of the roof of the home that was shared with us?聽 It looks pretty bad and I don't think the owner will like that. I'd ask what warranties you offer but since you rely on purchasers funds I'm not sure we could rely on a warranty....

Me?聽 I'm not familiar with this type of construction or why the cantilevered portion is not supported by multiple columns, which it seems would do wonders along with a decent sized beam.

cccmedia wrote:

Stuey Olson has alleged on this thread that the Las Olas project is a Ponzi scheme and a "big scam."

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A Ponzi scheme is a fraudulent investment operation such as Bernie Madoff was incarcerated for .. and Charles Ponzi was twice convicted, nearly a century ago.聽 Falsified documents are presented to prospects and the government.

Stuey has not produced evidence to qualify Las Olas as a 鈥淧onzi deal鈥� and a 鈥渂ig scam.鈥澛� He should be more cautious before tossing around unfounded accusations on a public forum about alleged criminal activity by the developers.聽

Obtaining early-investors' money by offering them a discount not offered to later investors may not meet Stuey鈥檚 investment standards, but that does not mean such a practice is fraudulent.

cccmedia in Quito

Agreed, poor business practices are not in themselves fraudulent .聽 Could be that EVERYONE involved will lose money.