From today's Wall Street Journal
Caribbean Getaways Ensnare U.S. Buyers - WSJ.comFrom today's Wall Street Journal
Caribbean Getaways Ensnare U.S. Buyers - WSJ.comFrom today's Wall Street Journal
House Hunters International untold stories
Rent, rent, rent...
But yours was built...and I'd hardly classify you as a naive investor, sir...I do that in the US.... but then I fell in love w/ the rental..... like falling in love a hooker.
Better to pay by the hour than by the month/year:rambo:
Don't get me wrong - we love it..... just sayin'
But yours was built...and I'd hardly classify you as a naive investor, sir...
Originally Posted by Africaida
House Hunters International untold stories
Rice+Beans: I always end up screaming at the TV at the end, DON'T DO IT!!!!!!!!!!!!!!
Good heavens....calm down! 4 yrs ago my husband and I bought a property in Las Terrenas AND we were on an episode of House Hunters International--- Buying our property was the best investment decision we could have made and the House Hunters experience was great---
So you think that if you'd put it on the market now you'd get rid of it fast and at a good profit?
Maybe I'm a little on the cautious side but why would anybody give money to any development that is not done in an area or country that they are not familiar with or if it seems to be a deal to good to be true?
Good heavens....calm down! 4 yrs ago my husband and I bought a property in Las Terrenas AND we were on an episode of House Hunters International--- Buying our property was the best investment decision we could have made and the House Hunters experience was great---
NEVER, NEVER, NEVER, NEVER, NEVER, what don't you understand about the word NEVER, fork over any Dollars, Euros, Pounds, Pesos, Beads or Gold for pre-construction housing to any builder/developer in the DR or any other Caribbean, Central American or South American Nation. You would be better off to spend it on booze, women, drugs, donuts or anything else than give it to some shady guy who will promise you the Island Dream. It is his dream and not yours he is promising. Turn around and walk away, especially in todays market. You will be happy you did and feel a lot smarter for it.
LTS
I always ask myself the same question- How can someone give their money to a builder in a unknown foreign country, when there is far between the sunshine stories. And the countryside is littered with overgrown skeleton houses with "Se Vende"signs. For Christ sake there is a search engine and a computer avaliable for everyone in the "rich" countries..