Retirement home?

C

chic

Silver
Nov 20, 2013
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I myself think it is a good money maker... of course you need a few dollars to start... a promotion team...
let's see 6 older guys paying 800$ month =4800x45. 2.4 million a year...more or less.......
then u got staff....food...car...fuel..lights...water...mortgage/rent... but there is a little $ there......
of course there" wood" be other expenses...but evan if they got 650$ month in d.r. it can be done...
 
L

Lothario666

Bronze
Oct 16, 2012
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chic said:
let's see 6 older guys paying 800$ month =4800x45. 2.4 million a year...more or less.......
Click to expand...

What is your $4,800 x 45?
Is that "Rum Math"?

Care to "Explain" your math a litle more please.
I calculate it would take 250 older people paying $800 a month, 12 months a year to reach $2,400,000.
 
C

chic

Silver
Nov 20, 2013
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pesos......800$us dollars x 6 x 43.55 =209,040.00pd$ monthly x 12 2.5 million pesos rd...yearly... 600 x 43. x 12 = x 6 = ? rooming house for elderly ...good money maker esp. with insurance co's getting ready to pay for out of u.s. services.
6 people @ 650us month.=3900-x12=46,800. x pesos d.r.'''
 
A

AnnaC

Gold
Jan 2, 2002
16,050
418
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chic said:
pesos......800$us dollars x 6 x 43.55 =209,040.00pd$ monthly x 12 2.5 million pesos rd...yearly... 600 x 43. x 12 = x 6 = ? rooming house for elderly ...good money maker esp. with insurance co's getting ready to pay for out of u.s. services.
6 people @ 650us month.=3900-x12=46,800. x pesos d.r.'''
Click to expand...

800 a month all inclusive retirement home? Let me know when you have that set up and I'll move there ;)
 
C

chic

Silver
Nov 20, 2013
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sorry, making all you rummies do math at nighttime...
retirees are expats with s.s. checks in dollars? hence 800$us... you spend in pd$ hencing again pesos dominican...45?
the next hence is to go to a larger residence , small hotel etc and try to get 25-35 retirees... now your bring in more than a quarter mil u.s.....do the math during the day....at least before 5 somewhere....
now is the time to start that...the us grey mkt is becoming larger and larger everyday...
 
M

mountainannie

Platinum
Dec 11, 2003
16,350
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elizabetheames.blogspot.com
mountainannie said:
I know we have had a lot of discussions about housing for the elderly here and ran across this link

Oasis Palace Residence | Retirement home

I suppose that it is French, since the French is perfect and the English, not so much.

Does anyone know if it ever got off the ground?
Click to expand...

I just wondered if anyone up there knew if THIS particular project was actually up and running? Perhaps the early morning folks on coffee will do better with the question than the late night folks on rum. Or maybe not.
 
A

AnnaC

Gold
Jan 2, 2002
16,050
418
83
chic said:
sorry, making all you rummies do math at nighttime...
retirees are expats with s.s. checks in dollars? hence 800$us... you spend in pd$ hencing again pesos dominican...45?
the next hence is to go to a larger residence , small hotel etc and try to get 25-35 retirees... now your bring in more than a quarter mil u.s.....do the math during the day....at least before 5 somewhere....
now is the time to start that...the us grey mkt is becoming larger and larger everyday...
Click to expand...

I'm reading this during the day without rum and I still do not understand but most of all we all want to know where we can get 45 pesos to a US dollar. ;)
 
A

AnnaC

Gold
Jan 2, 2002
16,050
418
83
mountainannie said:
I just wondered if anyone up there knew if THIS particular project was actually up and running? Perhaps the early morning folks on coffee will do better with the question than the late night folks on rum. Or maybe not.
Click to expand...

Post number 7 said it's no longer a retirement home as of a few months ago
 
M

mountainannie

Platinum
Dec 11, 2003
16,350
1,358
113
elizabetheames.blogspot.com
thanks Anna.. I did not have any rum but did not really get it that it was the same place. Too bad that they gave up on the idea but one can see that they figured that they could get the $800 a month without any of the add on services for the elderly.
 
T

Timotero

Bronze
Feb 25, 2011
689
29
48
chic said:
sorry, making all you rummies do math at nighttime...
retirees are expats with s.s. checks in dollars? hence 800$us... you spend in pd$ hencing again pesos dominican...45?
the next hence is to go to a larger residence , small hotel etc and try to get 25-35 retirees... now your bring in more than a quarter mil u.s.....do the math during the day....at least before 5 somewhere....
now is the time to start that...the us grey mkt is becoming larger and larger everyday...
Click to expand...

You might want to see the movie "The Best Exotic Marigold Hotel" to see how this business model might play out.:classic:

But I agree, there is a need for such a facility, and the target audience just keeps getting larger with every passing day.
 
D

DRob

Gold
Aug 15, 2007
8,234
594
113
mountainannie said:
I know we have had a lot of discussions about housing for the elderly here and ran across this link

Oasis Palace Residence | Retirement home

I suppose that it is French, since the French is perfect and the English, not so much.

Does anyone know if it ever got off the ground?
Click to expand...

I don't know about the project itself, but the pics are definitely of Las Canas of La Mulata Road in the Sosua area. Have they switched up their marketing plan?
 
R

ROLLOUT

Silver
Jan 30, 2012
2,198
35
48
chic said:
I myself think it is a good money maker... of course you need a few dollars to start... a promotion team...
let's see 6 older guys paying 800$ month =4800x45. 2.4 million a year...more or less.......
then u got staff....food...car...fuel..lights...water...mortgage/rent... but there is a little $ there......
of course there" wood" be other expenses...but evan if they got 650$ month in d.r. it can be done...
Click to expand...

Coming to your house, and removing the punctuation key from your keyboard, wait and see.
 
C

chic

Silver
Nov 20, 2013
4,305
1
0
o my goodness...largeness taken 43.50 in sosua.......the difference is 1.5 pesos....a little more than half a penny...u.s.
when i came to airport i gave the porter a 5$ pesos note and he threw it to the ground...i said five dominican pesos......same to me as five of my dollars... he laughed....i picked up the bill and still have it...gave him two u.s. dollars and he said thank u in perfect bronx..english
 
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