DR - Cheap in Comparison?

CFA123

Silver
May 29, 2004
3,512
413
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Flashback: 10 years ago, sitting in the U.S. looking at DR prices thinking 'what a bargain'.
Today, sitting in DR looking at US prices... tables have turned?
Homes for Under $100K - Yahoo! Real Estate

Some examples from the article.
If nothing else, wouldn't seem to bode well for the real estate market here - at least not as currently priced.

Cleveland. $90k
clevelandnew300200.jpg


Dallas. $83k
dallas300225.jpg


Atlanta. $65k
decatur300225.jpg
 

CFA123

Silver
May 29, 2004
3,512
413
83
No doubt... as with looking at properties online in DR... you can't tell location.
But still at those prices? They're almost impulse buys.
 
May 12, 2005
8,564
271
83
Flashback: 10 years ago, sitting in the U.S. looking at DR prices thinking 'what a bargain'.
Today, sitting in DR looking at US prices... tables have turned?
Homes for Under $100K - Yahoo! Real Estate

Some examples from the article.
If nothing else, wouldn't seem to bode well for the real estate market here - at least not as currently priced.

Cleveland. $90k
clevelandnew300200.jpg


Dallas. $83k
dallas300225.jpg


Atlanta. $65k
decatur300225.jpg


The real estate market in DR is backwards. The longer a house stays unsold the more they raise the price.
 

tomito

New member
Jul 13, 2007
46
6
0
Most of you by now should know that the real estate market in the DR is always in a "sellers market" mode, meaning prices will always go up or at least never go down, it does not matter what happens everywhere else, prices will not go down, it's more of a cultural thing. Besides, who the heck wants to move to those COLD and BORING places (well, Dallas is warm most of the year, but still boring), plust don't forget houses in most of the US are made of cardboard (wood frames, sheetrock, shingle roofs and all that crap) as opposed to concrete in the DR (not talking about poor people's home here ok).

There's a reason why the caribbean is a worldwide known tourist destination, once you've taken care of power outages with an inverter or a generator or both (theses things can be purchased) you're in paradise, in the US you don't need a generator but the problem is the paradise part (it cannot be purchased).
 

RonS

Bronze
Oct 18, 2004
1,457
65
48
There was a time [before the Great Recession] when I believed the US suffered more from 'irrational exuberance' than any other country in the world, until, that is, I became more 'enlightened' by Dominican real estate property owners.