J
John Evans
Guest
im not buying a property in sea horse ranch then if it will be ransacked and stripped of everything when i pass on
And to suggest that leaving your money in a US or European bank will ultimately provide a better long-term return on your investment, than a well-chosen home in the Dominican Republic, is equally laughable.
You are twisting my words on this one - my point was that the money would possibly/probably be better in the UK - FOR ME and for MY FAMILY who are not DR visitors/holidaymakers/fanatics and would not relish the job of selling a property in the DR, albeit that it is the Caribbean. An empty property for upwards of a year would be at risk.
As we have said it is about personal choice - personal preference and personal circumstances.
AK74 did overbutter the bread, admittedly, but IMHO there is some truth in what he said - research, help and good advice are all important - those who remember to use these resources will hopefully do well, invest wisely and have a great life in the DR. Those who dont......
:ermm:
Rio
So you do not live/visit DR?...I am confused.
So you do not live/visit DR?...I am confused.
As we have said it is about personal choice - personal preference and personal circumstances.
For me, the above statement holds a lot of water. It's about personal choice/preferences/intentions. Personally, I'll never buy again.... anywhere. I want to always have the freedom to pack my bags and move on. I've come to the realization that I just don't want to stay in one place for the rest of my life. I want to live here, and then there, and then over there, and.... well, you get the picture.
When I moved here to the DR, I lost a lot on my condo back in the U.S. as the market had already begun to fall tremendously and I needed to get rid of my property and get what I could from it. I took a huge loss. That will never happen to me again. Here in the DR I'm renting long-term. Everything in my rental belongs to me as I brought it here myself. There's always the option to rent something unfurnished and then furnish it to your liking as I did. But even doing what I did is a burden to me, in view of my decision to be a globe-trotter. If I hadn't brought my "comfortable" things with me, I wouldn't have to bother with getting rid of them when I decide I'm ready to move on somewhere else. Therefore I've also decided that when I DO decide I'm ready, everything I brought here will be sold or given away. In the future, my dream plan is to never have the feeling that I'm weighted down to any particular region of the world and if and when I desire, I can move on and seek out the next venture/adventure and the next rental property that suits my needs. That's just my personal preference.
AK74,
You do have knack for describing the dark side. I am sure everything you are saying is accurate and true, but it just isn't the entire picture. There is also a bright side to the DR, and I imagine you know that, or you wouldn't be here.
Which brings up an interesting question. If you believe things are as bad as you report, why are you here? This is not a sarcastic or rhetorical question; I would really like to know how you can feel the way you do and still live here? What is it about this place that makes it worthwhile for you to live here? It would really help me to understand your point of view if you could please list some specific things that you consider positive about the DR. Thank you.
I have friends in the uk that are coming up for their 4th year of trying to sell their property...there will be examples like this is virtually any country...the property is in the uk by the way
Fair enough, that is a good answer to my question.
My statements on buying as opposed to renting are simply my personal preference as well. Just so you know, I am not a real estate agent, and I have no interest in buying or selling property in the DR.
I have my little condo and I'm happy with that.The DR fits my life style pretty good, and I intend to enjoy all the good things it has to offer, for as long as I can. I also intend on giving something back, as best I can.
I guess if I had to summarize what I like most about being here, I would say it is the attitude. It is probably as close to the wild west as we'll find in this day and age. The sense of "live and let live", of being independent and taking care of yourself, of being part of a community that watches out for the other guy without smothering him, and of being able to just be yourself. It's a good place to be if you like this kind of life, regardless of whether you rent or buy.
What about the security of knowing you wont have to move from a house unless you want to. If you rent a house the owner could decide to sell it, making you move. If you plant trees, you will be able to live there long enough to pick the fruit.
AK74 does throw it out there. He doesn't even pay taxes on the $300K CD. He is special.