[gmiller261]

I have heard from a very reliable person that things will get much, much worse so you better plan ahead and sell your property. The DR is going to nationalize all foreign owed properties. The maids, gardeners and pool cleaners you have will take over your homes. for rizal.

Definition: Nationalization is the act of taking private assets into government or state (a political entity possessing sovereignty).

And this is why I say that: (o excuse me... heard from a reliable thing).

1) Nationalizing all foreign property, to my estimate (their's), would net close to 15 billion USD dollars and not hurt the tourist industry. Now that would put money back in graft bucket.


And this has been common praticece through history, more than 'corralito', see history below.

Cardenas President of Mexico
1934-1940


Cardenas made laws that changed Mexico forever. Cardenas preferred the method of consolidated land holding rather than private ownership. He seized millions of acres of privately owned land and distributed it as ejidos, which are peasant communities in which land was individually worked or collectively farmed (Knight, 554). Cardenas also tried to implement a socialist education but that came to an end soon after his presidency, since it was opposed by the Catholic Church as well as many peasants. Above all Cardenas achievements under the agrarian reform were remarkable, noting how he distributed land to many peasants therefore enlarging the agricultural land which then gave way to high levels of cultivation.

Over a quarter of the national territory (more than 55 million hectares) was expropriated and re-divided between 1924 and 1970. But with the withdrawal of state support in the form of credit, water resources, transportation and marketing advantages, and technical assistance, the ejidos could not compete successfully with private farms. Other land redistribution attempts have occurred in other Latin American countries, such as Bolivia, Peru, and Cuba, with similar mixed results.


Now, don't think, just run to your nearest real estate agent.