Quote:
Originally Posted by Abuela
DavidZ is correct more than 60% of recent real estate purchases,condos &villas are lifestyle choices of baby boomers not flippers trying to turn around real estate profit. The real estate bubble bursting in the US is not the same subject as real estate in the DR. The old apples and orange comparison does not compute.
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Although, as I've mentioned in another thread, if the baby boomers are buying with capital raised against their existing property. If the price of property in the US (or UK for that matter) drops, many people may find themselves with negative equity and therefore sell the 'holiday home' or other boomers may not have the same level of borrowing available to them. That would have a knock on effect in the Dom Rep IMO.