Right now, a massive wave of speculative retail capital is flooding into the southern Quintana Roo market. The prevailing narrative driving this influx is dangerously simplistic: Tulum has become saturated, the Riviera Maya coast is battling cyclical sargasso, and therefore, the pristine, clear waters of the Bacalar lagoon are the guaranteed next frontier. Amateur capital chases aesthetics and novelty. But underwriting a multi-decade physical asset based on a "sargasso-free"
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