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Thread: I Would Think Twice

  1. #1
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    Default I Would Think Twice

    About buying any apartment anywhere in DR going forward.

    The corruption inside the Administration of these properties is extensive-violating the property's own rules and the Condominium Laws.

    As a property owner, your recourse in the courts is difficult to counter the corruption and abusive monopoly tactics by a minority group and can leave you in a difficult situation to even sell the property as the monthly association fee is driven to very high levels to support many that are not paying and controlling the financial account with no audit process.

    Caveat Emptor.

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  3. #2
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    Quote Originally Posted by jimmythegreek View Post
    About buying any apartment anywhere in DR going forward.

    The corruption inside the Administration of these properties is extensive-violating the property's own rules and the Condominium Laws.

    As a property owner, your recourse in the courts is difficult to counter the corruption and abusive monopoly tactics by a minority group and can leave you in a difficult situation to even sell the property as the monthly association fee is driven to very high levels to support many that are not paying and controlling the financial account with no audit process.

    Caveat Emptor.
    I rent. Problem solved.

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  5. #3
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    Quote Originally Posted by CristoRey View Post
    I rent. Problem solved.
    Well problem solved until the Landlord raises your rent to offset the massive increase to the mantenimiento and then the hassle and cost to move to another apartment with new contract.

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  7. #4
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    Build à house.

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  9. #5
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    Quote Originally Posted by Fulano2 View Post
    Build à house.
    Extremely difficult to sell, unless you have no intention to ever move or divest.

  10. #6
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    Rent a house from a "trustworthy" old school family with references, pretty simple, no?

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  12. #7
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    Quote Originally Posted by jimmythegreek View Post
    About buying any apartment anywhere in DR going forward.

    The corruption inside the Administration of these properties is extensive-violating the property's own rules and the Condominium Laws.

    As a property owner, your recourse in the courts is difficult to counter the corruption and abusive monopoly tactics by a minority group and can leave you in a difficult situation to even sell the property as the monthly association fee is driven to very high levels to support many that are not paying and controlling the financial account with no audit process.

    Caveat Emptor.
    So this happened where you bought your apartment. Where else has it happened that you personally know about?

    I sympathize with you on the problems you've had, but you would have a hard time convincing me it's SOP in other apartments.

    I'd suggest you got a bad apple.

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    Quote Originally Posted by cobraboy View Post
    Extremely difficult to sell, unless you have no intention to ever move or divest.
    Leave it to the kids. Make it their problem.

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    I have no doubt I could sell my house because of it's location and income possibilities. Location and price, like everywhere are important.

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  18. #10
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    ....Rent with a 7 year lease , that states no rent increase.............

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