. The candle is only flickering, not blowing out.
It is likely though that there will be fewer restaurants over time as some smart business types begin to offer the older snowbirds pre-packaged meals that they can micro-wave in their luxury condos rather than go out.
They could just Fed-ex Jenny Craig meals in and lose so much weught, there would be Senors Kite boarding . Turbo charged electric wheel chairs is an option so you do not get run over by the traffic.......Now I've heard it all.......................:laugh: :laugh:
Course these 'older snowbirds' couldn't possibly want to go out & mix with the locals...............? Remain active by cooking their own meals? Or, if unable to, offer employment to a local chef in their own homes (read 'maid').
Is this 'pre-packaged convenience' what they do in places like Florida? In which case, can they please please go there instead?
And why would anyone need volunteer work organized for them? You spot a need here, you do something about it. There is plenty of need, so it's easy. Whatever happened to self reliance?
Just hesitate a moment before wishing to impose/insert retiree communities based on another country's model. Think of the implications. And think of the message it sends. Please.
If entrepreneurs can open bars with North American themes because there are enough tourists who want this, then someone will create quality of life services that are needed. It is likely though that there will be fewer restaurants over time as some smart business types begin to offer the older snowbirds pre-packaged meals that they can micro-wave in their luxury condos rather than go out.
Cabarete faces a similar future unless it creates services and activities that match the visitor profile.
Its looks so, but they are at least 5 years to late.People have been talking about the Dominican quite a bit in the past few years and this rang Pavlov's investor bell.
Its looks so, but they are at least 5 years to late.
NAHB housing market index for the states felt down yesterday to a 16 years low. The states RE-crises will not be without influence of the DR-RE-market.
Musing, I came up with the following interesting question: Can the Real Estate downturn be partially explained by the great run the U.S. stock market has been having? ...they both directly compete for investors, don't they?
...DOW Jones reaching new highs, without earnings.
Price to earnings ratios....?
Mike
Mike you are joking, the earnings are on a record level and the Price to earnings ratios for 2008 is around 16.
Its looks so, but they are at least 5 years to late.
NAHB housing market index for the states felt down yesterday to a 16 years low. The states RE-crises will not be without influence of the DR-RE-market.
Housing purchases In the U.S reached a new high, however the Median home price is down by 11% from the previous year.
A VERY strange statement (above). To say the least.
With due respect.
NAR is of a different opinion.
And the medium house US price is $220G while in Sosua/Cabarete a RE agent immediatelly slaps you with a $300-$400G asking price even for the most basic unit. In a country with an average normal salary of $400- $700US even for teachers or medical doctors.
Home prices fall for 9th straight month - Yahoo! News