Too many villas for sale in Casa de Campo

pkaide1

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Aug 10, 2005
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I am just wondering why are there too many villas for sale in Casa de Campo. Is this resort having some type of internal problem?
 
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aarhus

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Jun 10, 2008
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I did not know that there where too many villas for sale in Casa de Campo. And what is too many? It is a big resort. But I would think it is expensive to live there.
 

Robert

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Jan 2, 1999
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I have no doubt it's a reaction to the global economic crisis we are part of right now.

Plus I think some of the shine has come off of Casa de Campo.
The old boy's club, tight community has been penetrated by "new" money so it's not the place it used to be.
 

aarhus

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Jun 10, 2008
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Plus there are a lot of other products out there now that are similar. Cap Cana, Punta Cana Resort etc.......
 

Hillbilly

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Jan 1, 2002
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Plus the fact that Jose Figueroa Agosto, Sammy Dahaujre and the rest of that group are no longer throwing parties out there....and the high ranking officers that had "friends" help them buy $2 million villas are trying to get out, plus all of what Robert said....

Only the La Romana Country Club is still solid...

And y'all forgot the option of La Estancia....same climate, no beach, much cheapter, great golf...

HB
 

Robert

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And y'all forgot the option of La Estancia....same climate, no beach, much cheapter, great golf...

HB

I heard that has had some issues... time will tell.

For me, Punta Cana Resort is one the best and well run projects in the DR.
Their cash cow is the airport and they build at a slow and steady pace.

They make all the right moves and all the right noises.
I haven't heard a single doubt or complaint from any of the owners their.
 

aarhus

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Jun 10, 2008
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Plus the fact that Jose Figueroa Agosto, Sammy Dahaujre and the rest of that group are no longer throwing parties out there....and the high ranking officers that had "friends" help them buy $2 million villas are trying to get out, plus all of what Robert said....

Only the La Romana Country Club is still solid...

And y'all forgot the option of La Estancia....same climate, no beach, much cheapter, great golf...

HB

La Estancia does not have a beach.
 

william webster

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Jan 16, 2009
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Plus, all of the old "jet set" crowd have moved on..... Oscar, Julio, Barischnikov (sp).
Their allegiance is now at Punta cana I think

As Capt DR has said...... Some of the shine is off.
To say nothing of the costs..

WW
 

cobraboy

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Jul 24, 2004
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I suspect than when money for even the rich gets tight, the extra vacation home is liquidated.

It's happening all over.
 

william webster

Rest In Peace WW
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Oscar de la Renta did the Tortuga Bay deal..... been in all the magazines, newspapers, etc.
He has put his name on it

I don't think the 3 I mentioned are suffering too badly.... they own the airport over there... new expansion and flight expansions.
Punta Cana airport I think.....pretty sure.

WW
 

jcrew20

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Jun 22, 2005
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There has always been a lot of Villas for sale in Casa de Campo. Owners buy a Villa for 1 million and then listed it for 2 million. Real estate agents are more than happy to list it, because they might get lucky and sell it. Big Comissons. Everything in this country is for sale.
 

sweetdbt

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Sep 17, 2004
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I suspect than when money for even the rich gets tight, the extra vacation home is liquidated.

It's happening all over.

The problem of course being that in order to "liquidate", they have to find someone with sufficeint "liquidity" in the same down economy, so a lot of the properties stay on the market for months and even years.
 

aarhus

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Jun 10, 2008
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Liquidate

The problem of course being that in order to "liquidate", they have to find someone with sufficeint "liquidity" in the same down economy, so a lot of the properties stay on the market for months and even years.

And then the liquidity to maintain the property.