Hello everyone,
My wife and I will be retiring late 2014. How comfortably can we live in the DR with a retirement income of $7,600 montly? We are thinking on long-term rental at Juan Dolio real estate.
Thanks,
Fredy
My advice?........Please do not move to the D.R, at least not for now. Reasons?.........
1) High crime: Gringos are being brutally murdered in this country. There is at least one case every month!! ( Please visit dominicanwatchdog.org and read extensively before you make any final decision). These murders of foreigners is happening all over the island. Between june and now, I am aware of three cases, the latest being a few weeks ago; a German retiree who was murdered in his apartment and his body chopped and stored in a barrel for weeks! There was the Italian man killed and dumped at the back of his SUV in Gasper Hernandez. Then the Swiss woman who was also murdered in her apartment in Cabrera in July I think.
Most times, these murders are not solved as the authorities really do not care.
2) Armed Robberies: No matter where you live on the island, home invasions are common and some of these could be fatal. Every foreigner is a target for a robbery attack, especially if you have a white skin! The reason being that you are percieved as rich and the locals cannot wait to get their hands on some of that $$$$$$$.
3) Break down of law and order: The police is very corrupt, and account for a large part of the crime that takes place. They cannot be trusted. If you have an issue that requires you to call the police, a visit to your home by the police may be a precursor to being attached and robbed in your home.
People who commit heinous crimes, easily buy their way out if they have money.
4) Chaos: Driving in any of the cities is a nightmare. All traffic laws are ignored, driving while consuming alcohol is common. If a local runs into you and damages your car, it will be adjudged as your fault and you will have to pay the local and the police.
I could go on but ponder over these while you decide. The D.R. is great to visit as a tourist while staying in an all inclusive resort. Living there is a different ball game.
Have you looked into other countries like Panama, Costa Rica, The Bahamas?
Ktn..........:chinese::chinese: