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Old 07-19-1999, 11:25 AM
Jim Hinsch
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Default Re: The cost of housing in the DR

Yes. A place in the US$500/month (RD$8000/month) range would be considered "for the rich" in Santo Domingo and cost more than a typical middle-class family could afford. That would be more at the bottom of the "luxury" range. Figure that an income that could pay such a monthly rent would need to be over RD$32,000/mo. (by the 25% rule used by lenders), a VERY good salary by DR standards. However, that might be what one would need to spend in order to equal the comforts a foreigner of upper middle class might be used to.

Jim Hinsch JimHinsch@CSI.COM