Any one with a time travel machine will they please pick up a copy of the newspaper for the day before you plan to return on your next trip "Back to the future". LOL!
- Thread starter Mm530
- Start date
What will be the total economic impact on the DR from the COVID19 ??
- Status
1. Not that he needs defense counsel on my part, but the poster Garyexpat operates businesses both here in RD and abroad. Although I have never met him in person, other community members have, so I will accept that as a reliable source of information regarding business knowledge. Knowledge, not solely opinion.
2. What will be the total economic impact of the DR from the COVID19? How does one know while we are still in the midst of all this Chinese Virus frenzy? What will be the total economic impact of the US of A, or Las Vegas from the COVID19? What will be the total economic impact of the EU from the COVID19? What will be the total economic impact of South America from the COVID19?
These are questions that no one person has the answers to, at this point in time. So, unfortunately, you will have to accept opinions on this matter.......for now.
3. Unfortunately, I do not believe you will be able to access the Off Topic section within this web forum, because it has gone the way of La Navidad. You can search, but you will not find.
4. I believe there are one or two other thread lines dedicated to current real estate conditions within the nation at this time. I am not in the business of handing out free information regarding such matters, as yes, I do have a personal interest in this subject matter.
How could/would I as an investor, provide such information on a public web forum without damaging my own proper prospects?
Similar to answering the question, "what is the best secluded beach area?" Once you answer that question, that beach will not be secluded for very long.
Being that you do not believe in giving advice to other grown human beings, I will not give you the advice to "Look, before you jump into the real estate market here within RD". Perhaps, I just did.
In conclusion, I have seen a drop in some asking prices across the nation, but mostly associated with properties that were already in dire straits pre-Covid.
Well here in exists the truest statement for the ages.
Does any person without corrupt, insider information really, truly have knowledge?
Of course not. It is all about risk. How much risk one could legitimately put on the table? How much risk can one legitimately stand to lose, and still stay afloat.
As a poster with Vega$ in your name, you should fully be aware of this.
Are your questions rhetorical in nature? I think not as you both asked and answered them. Am I aware of risk? Are you willing to risk your life climbing a mountain having something to horrible wrong and dying a slow cold death? Not me. But I am perfectly comfortable getting into a small plane next to my instructor and learning how to control the beast.
If you are questioning my bona fides in the understanding of risk and reward in the casino, securities markets and real estate markets please note that in my youth I had no problem putting a black chip on the pass line and taking odds after the point was set. I held a series 6 and series 7. I have held a portfolio of residential real estate. And I will stipulate that was done all in the United States of America. But those days are behind me. Still I drive the profits here in the Dominican Republic from a investment in a single stock after #44 took over.
I believe in ethical capitalism. You do not need to be a insider trader or to do things illegally to make money in any market. You do need to do your due diligence and be willing to take a risk. Knowledge of the future is different from knowing the risks of your investment or more importantly knowing what you cannot know. Johne came at me hard personally. I redirected his aggression with humor. Who’s laughing now? Both of us!
“I just opened a hotel but I cannot book any guests because of COVID-19.” Not me, an example. You really want to lecture a compulsive gambler about risk. Risk is easy in the casino. For the gambler. The house got shut down for a while with COVID-19. Think they factored that risk in to their quarterly projections before it happened.
I am long past taking risk in the real estate market. I purchase solely for personal use and that is it. Ok, maybe when you pay cash there is a risk that you now have a illiquid asset that you cannot move with you if there coup the government is overthrown and the new government nationalizes all property. Does it bother you that I would prefer to pay less than more for the properties I would prefer to use personally? Do not get it twisted. I am and was not asking for your advice.
The real question at hand is if this is actually a location (DR1) to read peoples opinions or a outlet for those who are frustrated psychologists to give out personal improvement advice?
There are those who day jobs obviously revolve around comedy. They did not find my post funny and that is why they gave me advice to not give up my "day job”. I am glad they saw the humor in my second response. But I hope Johne is like me in that I haven’t needed a day job in almost 20 years. Does that sound like a man who needs a map to where the gold is buried? Does a lack of a “day job” make me less qualified to comment on issues regarding investment or more?
Furthermore, if I’ve only been here in the Dominican Republic for x and you have been here for y. Do we take (x/y) make it a decimal then divide by 100 and that = the percent of the validity of my comments compared to yours? Is that is how it is done here in DR1? Seems the nature of both yours and Garyexpat’s comments indicate that is the case.
Have reading comprehension of English has suddenly dropped over the time I have been in the Dominican Republic? If you review my ORIGINAL post you will find that I agreed with Garyexpat’s opinion on the possible effects on real estate in the Dominican Republic due to COVID-19. And I have never taken up issue with him on his business opinions. When it comes to his other opinions, he is badly in need of defense counsel. Because business acumen does not make him knowledgable about public health policy, infectious disease, or the difference between correlation and causation. Glad you are willing to step into the roll pro-bono. Will the defense continue to be ready?
Well that is pretty obvious. Not a matter of acceptance is it. Everyone is entitled to their own opinions but not their own facts. I’ve said this before but it deserves repeating. Both to you and Garyexpat.
This is very good information to have. Thank you!
It is not your job to search and find them. But when I searched I did not find the related threads to which you refer. But since your information is insider and it would be illegal, unethical or against your own self interest to give it out even if I hit you with a private message and asked you the question you would not give me an answer so that has nothing to do with being a public forum. And mos def telling people to stay out of the real estate market where you have self interests, I understand completely.
I did not ask your for proprietary information that you use for your personal/business investment portfolio. I asked you about general trends. After a long pedantic and meandering post you actually got around to the answering the question. Thank you. Your response could have been one line and done. But brother write what you like, how you like, and as long as you like!
Thank you for the intended unintended advice. But it is too late. I already own property here in RD. And I did not jump into it. There is a saying “Study long, study wrong”. I bought in front of the path of progress. You real estate guys like that term don’t you? Personally I consider the DR a black hole. Everything you put into it will never come out. Even so, I continue to look for other property for my personal use here in Republica Dominicana. And I think this time of economic opportunities may allow me to save money on my purchase and have more left over for the things I really enjoy like Rum, Bourbon (really expensive here in DR), overpriced outdoor cooking equipment and (redacted). I appreciate you looking out for me. I am sure it comes from the heart like the caress of a iron fist inside of velvet glove. LOL!
Let me conclude by saying, I fail to understand why so many (some) here on DR1 talk down to others. At least that is the tone of how they write. You know as if they are the only people with brains and knowledge. There are many that have a wealth of experience in different subjects both here and outside of the Dominican Republic. Garyexpat says it is my insecurity and that his insulting language is untended. Oh really? As his defense counsel do you have a position or opinion on the issue? Is it the DR1 culture or just how a few select posters write?
I like keep things light. I gots no problem going hard in the paint when it is time to grab a rebound or making a vigorous argument. But we are not on or in court. I understand this is a public forum. But many write in such a way that they would never talk if they were not sitting in front of screen protected from the consequences of their uncivilized behavior. Maybe this is just not the community for me. But I have received so much help from so many decent individuals, I’ll stay and even continue to participate at times. Maybe there will be a opportunity in the future to give back all that I have received (minus the self help advice and posts demeaning the knowledge and actions of others).
But hey things are improving. I moved up from receiving free self help advice to receiving free personal financial advice. But, I already got some of that when Garyexpat advised not to bet on hard six. Not gonna happen. But as his defense counsel what is your position on the issue. Because mine is “sometime in life you have to roll a hard six”!
All about risk and reward. Is that not what you said? LOL!
Mike drop! Boom!! And Yourmaninvegas exits stage left!!!
Yes, you did. And you misquoted me. I said unless they asked.
Thank you for the intended unintended advice. But it is too late. I already own property here in RD. And I did not jump into it. There is a saying “Study long, study wrong”. I bought in front of the path of progress. You real estate guys like that term don’t you? Personally I consider the DR a black hole. Everything you put into it will never come out. Even so, I continue to look for other property for my personal use here in Republica Dominicana. And I think this time of economic opportunities may allow me to save money on my purchase and have more left over for the things I really enjoy like Rum, Bourbon (really expensive here in DR), overpriced outdoor cooking equipment and (redacted). I appreciate you looking out for me. I am sure it comes from the heart like the caress of a iron fist inside of velvet glove. LOL!
Let me conclude by saying, I fail to understand why so many (some) here on DR1 talk down to others. At least that is the tone of how they write. You know as if they are the only people with brains and knowledge. There are many that have a wealth of experience in different subjects both here and outside of the Dominican Republic. Garyexpat says it is my insecurity and that his insulting language is untended. Oh really? As his defense counsel do you have a position or opinion on the issue? Is it the DR1 culture or just how a few select posters write?
I like keep things light. I gots no problem going hard in the paint when it is time to grab a rebound or making a vigorous argument. But we are not on or in court. I understand this is a public forum. But many write in such a way that they would never talk if they were not sitting in front of screen protected from the consequences of their uncivilized behavior. Maybe this is just not the community for me. But I have received so much help from so many decent individuals, I’ll stay and even continue to participate at times. Maybe there will be a opportunity in the future to give back all that I have received (minus the self help advice and posts demeaning the knowledge and actions of others).
But hey things are improving. I moved up from receiving free self help advice to receiving free personal financial advice. But, I already got some of that when Garyexpat advised not to bet on hard six. Not gonna happen. But as his defense counsel what is your position on the issue. Because mine is “sometime in life you have to roll a hard six”!
All about risk and reward. Is that not what you said? LOL!
Mike drop! Boom!! And Yourmaninvegas exits stage left!!!
One can , if knowledgeable about local trends and property do well buying real estate in the DR , in my opinion if it is lots and not houses. I bought several lots in locations my wife recommended and allowed her to do the negotiations. I sold both, without advertising and actually without having them for sale for more than 100 percent profit in less than three years, due to the strategic location. I give total credit to my wife I was only the funds provider.
It's a community based web forum regarding the RD.
It's really not all that serious.
Eat some fruit. Get a massage. And have a lovely evening.
I liked you better when you posted as DRob in Off Topic. Just a lonely, local lawyer from the suburbs of Atlanta.
Have a blessed evening, and wear your sock puppet well this evening. 😘
I clearly differentiate when I am stating something as fact or opinion. If I have failed to do so that would be an oversight on my part not my normal practice. Why not do us both a favor and simply press ignore so you don't see my posts. If your DR1 name "yourmaninvegas" is accurate, as to your place of residence, you don't even live here which would make any observations regarding the D.R. even less valuable.
Just curious: Would anyone else here on board have trouble with my investment advise of( how to make money in the DR or any other place)... buy tomorrow's newspaper today"? I'v used that line for years and quite honestly it has served me well. In fact, when you consider after hours trading, aren't you trying to buy tomorrow newspaper today?? And to think I gave that information away FREE on a public forum! I must be losing it in the Dominican sun.
Thats what I am talking about! Real advice. Not people practicing their comedy routines and giving self improvement advice. Makes sense. Thank you!
Your biggest problem when you post is that you fail to understand the difference between correlation and causality. You state your opinion then post a fact to support it and then you think that makes your opinion a fact. Events you speak of may be correlated but correlation does not imply causality.
You see this is a example of how you write. You take my name "Yourmaninvegas" which is a fact that is it is my handle here on DR1. Then you make an assumption/presumption/supposition that because that is my name that is where I live. Then you draw a conclusion from your assumption/presumption/supposition that because you name is this then your are that. That is your failure to understand causality.
If you have a problem with my name please simply press ignore so you do not see my posts. If you wish to know where I actually live. Send me a PM and we can exchange addresses. I will send you my whatsapp number and we can arrange a meeting where you can give me your proof.That way I will know that your statements of fact and opinions your proffer on the DR have validity. I will come back here then and say yep he lives here in the DR. And you can do the same for me. How about that my fellow expat?
Remember over in the thread where where we were talking about the curfew? You responded to my post. So you need to take your own advice. I have never asked for any advice of any type from you. But better yet, simply do not quote me and I will not respond to you. Then you write all the opinions back them up with facts that are not causally related and you will hear nothing from me.
Did you fire your representative Caonabo?
This I understand. It is not all that serious for you or I. But yet you still keep replying to me. So it is serious enough for you to reply constantly. I am still trying to figure out if giving personal improvement advice for free in a public forum is your side gig?It's a community based web forum regarding the RD.
It's really not all that serious.
Eat some fruit. Get a massage. And have a lovely evening.
I have no idea what you are talking about. Member since 2016. Same name. No changes. Do not believe I live here? Send your client to meet me. Or did he fire you for bad representation?
You are correct johne. It is a timeless adage. Remember where you are posting, and who those are that feign faux outrage.
Enjoy your Sunday, as you so see fit.
Your biggest problem when you post is that you fail to understand the difference between correlation and causality. You state your opinion then post a fact to support it and then you think that makes your opinion a fact. Events you speak of may be correlated but correlation does not imply causality.
You see this is a example of how you write. You take my name "Yourmaninvegas" which is a fact that is it is my handle here on DR1. Then you make an assumption/presumption/supposition that because that is my name that is where I live. Then you draw a conclusion from your assumption/presumption/supposition that because you name is this then your are that. That is your failure to understand causality.
If you have a problem with my name please simply press ignore so you do not see my posts. If you wish to know where I actually live. Send me a PM and we can exchange addresses. I will send you my whatsapp number and we can arrange a meeting where you can give me your proof.That way I will know that your statements of fact and opinions your proffer on the DR have validity. I will come back here then and say yep he lives here in the DR. And you can do the same for me. How about that my fellow expat?
Remember over in the thread where where we were talking about the curfew? You responded to my post. So you need to take your own advice. I have never asked for any advice of any type from you. But better yet, simply do not quote me and I will not respond to you. Then you write all the opinions back them up with facts that are not causally related and you will hear nothing from me.
Did you fire your representative Caonabo?
I clearly wrote that "IF" it was accurate in regards not that it is your handle on DR1 which is obviously true???? but the IF is intended to imply IF your geographic reference in your handle was accurate. WHY would I say IF your handle was accurate???
I have no need to prove anything to you. There are at least 4 or 5 current members on Dr1 that have met me in person, some many times and some have even been to my apt. and office in Santiago or my home in Puerto Plata. You believing or not believing that I live in the D.R. has no importance to me at all. I really don't care if you live here in the D.R. or in Timbuktu. I made the comment o your handle simply because "your man in vegas" implies that the "man" in your handle is IN VEGAS.
One last point: I believe this all started with my posting about the 24/7 shut down in Colombia and posting recent spike in cases which they are experiencing. In MY OPINION, that would tend to show the 24/7 lock down is not working. I never claimed to do an in depth study proving my assumption.
Log into Facebook
Log into Facebook to start sharing and connecting with your friends, family, and people you know.
web.facebook.com
Let's see if the MSM covers this news. I think since it runs contrary to their agenda, they will not.
Bad link.Log into Facebook
Log into Facebook to start sharing and connecting with your friends, family, and people you know.
Let's see if the MSM covers this news. I think since it runs contrary to their agenda, they will not.
But you are the one that brought it up. I simply gave you a option that I would agree with since you decided to question where I live in a public forum. Instead of just admit that you are the one who started this discussion with me in a public forum. I believe you. I have no reason to believe you are a lier. I simply questioned one claim you made was factual when it was not. A simple error on your part that you could admit but like a political spin artist you keep coming back and saying “I didn’t say that”. But you wrote it in black and white.
It would be a long trip for you to meet me cause I am on the south coast. If I figure out how to upload photos I will goto a well known area with a newspaper and post a picture for you if you would like. Right after you do as you are the one I am having this friendly chat with right now.
Are you in the habit of calling out everyone on DR1 about where they live when they posts something you don't like? Do you have any proof (facts) that I don’t live in DR? You are the prosecutor in this case. Burden of proof rests on you.
I do not have your response to my post in it’s entirety. The moderators have chosen to close that topic so it would be inappropriate to quote you here. But in the thread “Will the curfew be extended?” post #85 you quoted a independent post written by me that did not address you by name or quote you at all. And in this post you told me in no uncertain terms not to deny the fact that a lock down is not the answer. I called you on it because there are no facts to support your original statement. Remember my entire explanation on causality? Stop trying to walk the issue back like a inexperienced political operative and own your words.
No financial or self improvement advice for me this post my man? That alone shows me some serious liberal thinking being exposed in your posts. Liberals want to tell everyone how they should live their lives right?
Sun is out right now where I am at. I hope you enjoy the time you have before lockdown. 5 PM as it Sunday. At least where I am at. I’m chilling! Maybe I will fire up the Q and burn something!
But you are the one that brought it up. I simply gave you a option that I would agree with since you decided to question where I live in a public forum. Instead of just admit that you are the one who started this discussion with me in a public forum. I believe you. I have no reason to believe you are a lier. I simply questioned one claim you made was factual when it was not. A simple error on your part that you could admit but like a political spin artist you keep coming back and saying “I didn’t say that”. But you wrote it in black and white.
It would be a long trip for you to meet me cause I am on the south coast. If I figure out how to upload photos I will goto a well known area with a newspaper and post a picture for you if you would like. Right after you do as you are the one I am having this friendly chat with right now.
Are you in the habit of calling out everyone on DR1 about where they live when they posts something you don't like? Do you have any proof (facts) that I don’t live in DR? You are the prosecutor in this case. Burden of proof rests on you.
I do not have your response to my post in it’s entirety. The moderators have chosen to close that topic so it would be inappropriate to quote you here. But in the thread “Will the curfew be extended?” post #85 you quoted a independent post written by me that did not address you by name or quote you at all. And in this post you told me in no uncertain terms not to deny the fact that a lock down is not the answer. I called you on it because there are no facts to support your original statement. Remember my entire explanation on causality? Stop trying to walk the issue back like a inexperienced political operative and own your words.
No financial or self improvement advice for me this post my man? That alone shows me some serious liberal thinking being exposed in your posts. Liberals want to tell everyone how they should live their lives right?
Sun is out right now where I am at. I hope you enjoy the time you have before lockdown. 5 PM as it Sunday. At least where I am at. I’m chilling! Maybe I will fire up the Q and burn something!
This bickering is becoming very tiresome, it stops NOW.
Boots on the ground here in the Dominican Republic. These are the COVID-19 economic effects I have seen with my own eyes:
- I saw food prices at the supermarket go up and down like the stock market. Bag of limons went from 255 bag in February 2020 to 365 March to 505 in April and now in August they are back down to 255. Those types of increases happened across the board with many types of food commodities.
- I was sending food out my door to help those that needed to those close enough with my social circle to merit it.
- Transportation was difficult so I used my vehicle to help others with emergency transportation needs. Those who I assisted were very appreciative and I received many dinners and was brought food. I also was gifted N95 masks, goggles, a mint plant and other things.
- I saw many business closed during the initial SOE. But only one business that I frequented has failed to re-open since things opened back up. It was due to a founder dying and the siblings fighting over the financial carcass.
- Vehicle fuel prices fell through the floor. I was paying close to 120-130/gal at it lowest point. Things have since headed back up to the 160-165 level.
- The curfew puts a crimp in my schedule but on a anecdotal level I can see how it along with COVID-19 is keeping people at home due to fear and a lack of desire to break the law. I am certain it is having a huge negative effect on some businesses. I was in a major tourist location last week and there was dozen people in the restaurant. This is a very popular restaurant on the strip. Yes it was lunch. But this would have been time for the main lunch crowd. With a 5 -6 PM shut down to let employees get home I can see how that could really mess cash flow up of these types of businesses up.
- Status