Quote:
Originally Posted by cabaretewilliam
So, all the false prophets of the past 3 years - the bubble has not burst as you predicted (ladybird is already out by three years) and condos have doubled in the past two years. You people, like so many, do not understand demograhics. You do not know or do not understand the implications, 87 MILLION baby boomers will retire in the next 20 years starting NOW. These people do not like Florida and want the Caribbean. 20 million of them can afford to move south and many of them will. The DR is still, in 2008, half the price of other islands, for average villas and condos.
DUH.
Go figure. The prices will rise until we match other islands. The demand will come from the 87 million plus the new money in the former USSR. All you the sky is falling types have been wrong for three years in a row. People who ignored you 3-4 years ago have already doubled their money.
And guess what. I knew, and so did many others, 5 and 10 years ago that oil would go from $30 a barrel to $135 and $200. How?
Simple. Demographics. The same way I know prices will go up and the condos will sell. We knew oil was going up because the new middle class in India and China want the same oil we want and are bidding for it. Demographics. It is all so boringly predictable. The DR will see prices go up until they are the same as lesser islands....about double 2008 prices. Then they will still go up but at the same pace as other islands.
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If this so called booming real estate market is bursting at the seams, then why are so many realators closing shop and picking mangos for a living ?