Exodus in Cabarete?

[CFA123]

And another article along the same theme at http://www.puertoplatadigital.com/no...ciadondeva.htm

"... not stopping the wave of violence and robberies to houses and businesses of foreigners, if it continues without control, it could be that many of the residents who have just acquired properties, they return to their countries of origin or are going to go to another one of the nearby islands where they find greater security."

Strong words.

And, El Uruguayo, I think you're right. From what I hear, the horrible incident in Sosua last night really has no direct bearing on this particular topic.

[batich]

Originally Posted by CFA123

And another article along the same theme at http://www.puertoplatadigital.com/no...ciadondeva.htm

"... not stopping the wave of violence and robberies to houses and businesses of foreigners, if it continues without control, it could be that many of the residents who have just acquired properties, they return to their countries of origin or are going to go to another one of the nearby islands where they find greater security."

Strong words.

And, El Uruguayo, I think you're right. From what I hear, the horrible incident in Sosua last night really has no direct bearing on this particular topic.

Not at all.

Those poor foreigners can do nothing. They are stuck. Most of them stupidly bought real property at inflated prices that they won`t be able to sell for years and years.

For them there is no way to escape. Without leaving behind and losing everything.

And for many of them the money they spent were their life savings.

These people are in horrible position. Like non-nativos farmers in Zimbabwe several years ago.

They should be very greatful to their RE agents who said - buy! buy! buy!

Like some respected DR1 members keep aggresively saying and advising even now.

[SantiagoDR]

...... I am not impressed, this Island may be inexpensive , but if the price is your life.

Inexpensive?
Where do you live on this Island?

Look to see Leonel doing something soon if this continues.

Leonel is realizing his dream, making the DR like a "Little New York".
Why would he step in?

[Ogre of the Caribbean]

Originally Posted by batich

Not at all.

Those poor foreigners can do nothing. They are stuck. Most of them stupidly bought real property at inflated prices that they won`t be able to sell for years and years.

For them there is no way to escape. Without leaving behind and losing everything.

And for many of them the money they spent were their life savings.

These people are in horrible position. Like non-nativos farmers in Zimbabwe several years ago.

They should be very greatful to their RE agents who said - buy! buy! buy!

Like some respected DR1 members keep aggresively saying and advising even now.

Here's a nightmare scenario if I ever heard one.

[mountainfrog]

Originally Posted by Chris

.... It is such a heartache that this wonderful little spot in the sun has attracted so much development that it is losing its charm and has become a crime magnet in the process....
I guess the froggy feels the same about Las Terrenas.

Correct, I do.
Same development here.
One wants to get out...

m'frog

[Chris]

Originally Posted by batich

Those poor foreigners can do nothing. They are stuck. Most of them stupidly bought real property at inflated prices that they won`t be able to sell for years and years.

For them there is no way to escape. Without leaving behind and losing everything.

And for many of them the money they spent were their life savings.

These people are in horrible position. Like non-nativos farmers in Zimbabwe several years ago.

They should be very greatful to their RE agents who said - buy! buy! buy!

Like some respected DR1 members keep aggresively saying and advising even now.

Batich, with respect, DR1 members consistently advise newcomers to live in the country for at least a year, before they buy anything.

Someone on this site recently said that buying property in the DR, a developing nation, should form only a part of one's investment strategy. It should not be your only investment strategy. Simple but proper advice.

I say again, if you cannot afford to live in the country for a year before you buy a house, you cannot afford to buy here, and your decision is most probably wrong. Buy a condo! But for heaven's sake, do your due diligence first. The real estate agent in the DR is also most probably the last person you should listen to. There are no rules here. There are very few reliable real estate agents. I see houses sold that years ago we rejected, simply because they were too vulnerable from a security standpoint.

Another point, real crime figures are hard to come by. I'm willing to bet that this is not a 'crime wave against gringos only', but that Dominicans experience the same. My feeling is that some crime reporters are riding an issue that will get them into print.

Chris (experienced 6 robberies in the DR on account of simply choosing the wrong place to live - moved - experienced one robbery when there were builders building a house next door and I left the door open and went shopping!)

[jackieboo]

Cabarete is still lovely during the day with maybe too many vendors on the beach but still lovely. It's at night when the the creatures come out to crawl.

Until businesses and the community come to the realization that the sex trade, drugs and crime are all connected there won't be much progress towards making the cities safer.

[Werner]

There is some contradiction in your post, Globalmike.
You tried to enjoy a overpriced meal in this inexpencive country?

Beside that, I think its good that there are jewelry sellers that go for the honest peso. The fact that they try to sell to you is that you might have family or kids that you can buy for.

The latest murder in Sosua was done by a American on a Canadian.

[Taylor]

It amazes me how Cabarete is such a place of contradictions. People either love it or hate it. Some people say the RE is about to crash horribly, and others say that it`s about to skyrocket. Some say it`s lost all it`s carm, others are saying that if finally has some much needed infastructure.

One thing is certain, it brings out the `passion` in everyone.

[windeguy]

http://www.puertoplatadigital.com/no...ciadondeva.htm

The article states without any backup that various foreign business owners are planning to leave. Certainly not one of those things that I believe because I read it. Is there something I missed such as proof of the author's allegations?