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  1. #3141
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    Quote Originally Posted by windeguy View Post
    Probably the last place I would put money is Sosua.
    Been saying this for at least 5 years now , .. anyone who puts his hard earned money into a Business Venture in Sosua at THIS particular TIME, is out of his mind .. ( just my .02)

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  3. #3142
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    Quote Originally Posted by cavok View Post
    Never been there. I'll check it out.
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    Quote Originally Posted by ctrob View Post
    I'm all for progess. But no food chains please.

    Cafe Cubano, that doesn't do it for you? Great coffee, wonderful chocolate cake, great location, nice outdoor seating. Probably the best coffee I've had in Sosua.
    Do you remember when I said that one day there will be a Dunkin Donuts or Starbucks on PEDRO C., and I was called insane but 99% on that other board ... looks like that day is not far away now ..
    Fact is If you want to attract FAMILIES now , you will HAVE to have those type of Places .. " known brands" these type tourists have never heard of the guy at Cubanos and his Chocolate Cake and Coffee.. they are un refined & mindless just like the Cruise ship passengers . They only understand # 4 , combo, with a med coffee, 2 creams and a spenda.
    Last edited by jd426; 01-01-2020 at 12:12 PM.

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  5. #3143
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    Quote Originally Posted by Cdn_Gringo View Post
    Absolutely not. 4 years is a long time in this place. The Govt, the principal players, the regulatory environment and the economic situation all change in the blink of an eye here. It is impossible to see 3-4 years out.

    To invest here means doing something that brings in a return almost immediately and you've recouped the majority of your initial investment within the 3-4 year time frame. Apart from patronizing a casino, investing here is the single biggest gamble you can make since you cannot make bank with any confidence relying on future earnings - you get in, you make whatever money you can right away and then you get out (if you can get out that is).

    Consortiums can hedge their bets against tax write-offs abroad, but the average individual (non corporate) investor doesn't have that option.
    I agree 100% with this assessment of investing in the DR. In the financial world they call it "day trading".
    Each year as I drive into Metro Club golf and see yet another large home unfinished and think"Oh, I guess his party lost the elections."

  6. #3144
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    First off, as we all know most AI tourists don't visit restaurants on the local economy. Same with the local bars. Tourists get their alcohol next to their resort pool as it is already paid for.

    It would take some time for the average tourist to discovery Cubano and their chocolate cake. An endeavor most AI tourists don't engage in as a matter of course.

    Sosua's economy is and has been for along time dependent on either the JetBlue crowd and the foreigners who choose to live here. If they wish to grow the expat crowd, they need to turn left going forward. If Sosua wishes to grow the other group, they need to turn right. Focusing on one group or the other affects the town's ability to serve the other group. In the grand scheme of things the two groups are mostly incompatible.

    We'll know that Sosua has gotten serious about expats when we see the large grocery stores, McDonald's, Krispy Kreme type businesses that focus on long term repeat customers. If they choose the other group or no group at all, the economy will stay the same and it will be more short term businesses that start up and then go under because they do not offer the products and the convenience that either group is willing to support.

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  8. #3145
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    Quote Originally Posted by Cdn_Gringo View Post
    Sosua's economy is and has been for along time dependent on either the JetBlue crowd and the foreigners who choose to live here. If they wish to grow the expat crowd, they need to turn left going forward. If Sosua wishes to grow the other group, they need to turn right. Focusing on one group or the other affects the town's ability to serve the other group. In the grand scheme of things the two groups are mostly incompatible.
    I disagree.

    I lived in a tourist town for many years, St. Petersburg Beach FL.

    Tourists and year-round residents lived shoulder-to-shoulder all year round.

    I don't see the two as incompatible at all.

    And while SPB did not have "all inclusives" I don't see that as a limiting factor. Punta Cana has mainly all-inclusives and there is a thriving community outside the resorts, and even many of those in the resorts will frequent.

    I suspect if/when the monger crowd gets more under control as far as not so high profile, Sosua will find its footing, and it won't be either AI or expats. The two can easily co-exist, and don't share the same investment sources.

    It is the transition that will seem inconclusive.
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  9. #3146
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    Most of the AI Crowd stay INSIDE the gates anyway .. God Forbid they miss a single Meal or Snack ..
    I have literally met Europeans ( older folks ) who were INSIDE the AI Complex for 3 weeks and NEVER LEFT .... its scary to think people consider this a " Vacation" .

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  11. #3147
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    CB,

    I believe you missed my meaning when I reference the JetBlue crowd. I don't consider them to be tourists in the same vein as someone who checks into a resort. I do not see the legitimate tourist crowds returning to Sosua any time soon so businesses probably shouldn't be banking on them as a significant revenue stream.

    However, I do agree with you, legit tourists and expats can and do coexist together and thus can have a positive impact on the local economies. That other group and residents are like oil and water and they do not mix nor can you encourage one without negatively affecting the other.

  12. #3148
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    A Subway and a Taco Bell would be nice, too.

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  14. #3149
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    Quote Originally Posted by jd426 View Post
    Micheals Stone
    5/5 on feyboo, and 4.6 on google , with 65 reviews , not too shabby..






    Do you remember when I said that one day there will be a Dunkin Donuts or Starbucks on PEDRO C., and I was called insane but 99% on that other board ... looks like that day is not far away now ..
    Fact is If you want to attract FAMILIES now , you will HAVE to have those type of Places .. " known brands" these type tourists have never heard of the guy at Cubanos and his Chocolate Cake and Coffee.. they are un refined & mindless just like the Cruise ship passengers . They only understand # 4 , combo, with a med coffee, 2 creams and a spenda.
    So true. Over 20 years ago I went to Playa del Carmen when it was just "getting on the map" and there was a McDonald's there. It was packed with gringos.

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  16. #3150
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    Quote Originally Posted by ljmesg View Post
    I'd kill for any US fast food outlet in Sosua. Dominicans control the Burger King and McDonalds franchise in the DR, I wonder why they haven't popped one in near Sosua or Cab.
    Not enough population to support the huge investment, costs and fees.

    Maybe McDowells would work there.
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