Hello everyone,
This site is probably the most informative place to be for those of us interested in the DR. I'm coming down for my 6th trip and wish to purchase a home in the sosua/cabarette area to retire to in 6 years. I'm not wealthy but really love the DR and fear price appreciation will hurt me. Also it gives me something to look forward to and enjoy a few times a year. I think I'm comfortable with most things except how to manage the home until then. Is long term rental feasible or advisable. Any other advice is also appreciated.
It's a tough call.
If you're buying a house, how can you know what it will be like in 6 years, unless it's in a highly reputed gated community?
You don't want to find yourself with the neighbours from he77.
If it's a condo, it may be easier.
The biggest problem is in knowing if you would really want to retire here.
Most people would suggest renting for at least 6 months first, before purchasing, and in your case, that wouldn't be for another 6 years.
If you do buy, you'd have to be sure that whoever manages it for you, is trustworthy.