Rising Real Estate Prices

[Escott]

One thing you didn't take into consideration is that we weren't booming like we are now when I wrote that. I still have a hard time believing that that property went for that amount of money on a piece of dirt that was miniscule and being right on the road with no room for even a flower bed between the house and the road. PT Barnum once said that "There is an *** for every Seat" and I have always believed he was right.

But who knows this can be the proverbial Sows ear made into a silk purse also although there is much better to be had in that area as far as the dirt is concerned at that price.

I am also not a BEACHFRONT kind of guy. I think they are just dirty and you suffer becasue of the Salt. Maybe that is just a personal thing.

Regards

[gjsuk]

Originally Posted by johne

Just curious as to your interest in this and why second guessing another's decisions is important to you.Do you have an agenda that somehow I'm missing?( ie: "allegedly") Just curious because real estate is my business and Scott is a friend of mine with a whole lot of experience and I learn from him all the time. Scott is the man!!

JOHN

some substance or comment to the thread (rising real estate prices....remember) from your position in the real estate business?

[gjsuk]

Originally Posted by Escott

I still have a hard time believing that that property went for that amount of money on a piece of dirt that was miniscule

Great you get the point then!

I do not know of any other remodel, new sale etc in Sosua/Cabarete where the guy seems to have made $200k more or less in 6 months or so.

[Escott]

Originally Posted by Paul Thate

I was that Paul.

The finer details were.
You were screwed because your real-estate agent allegedly did not show the offer you made to the seller. This was the reason why you did not get the property. You ask for the cost of the improvement he made .? My guess not more the 60 or 70 thousand .Giving him a profit of over 200 000 dollars.
While that was my neighbor from hell the way he behaved I must congratulate him . He did a fantastic deal, in no more then 6 months. What a return on investment. Actually He had a vision.
Maybe this person should be our resident expert instead of you.
Plus I thank him for it. Based on that deal I have now a proven value for
neighborhood houses sold. It now values my house.

I PM ed all this info to you. You could and probably have confirmed the validity of all my statements . But for personal reasons choose to ignore them.
But you continue you advertise the services of this person. That's wrong, morally wrong.

When I brought up these facts a while ago Robert , the owner of this board
criticized me severely. He accused me of attacking you but he allowed you to continue to advertise for this un ethical person.
Without verifying my or your statements. This was unfair to me and more so
unfair to his readers.
I have been living here in the DR , have been an owner for over 8 years.
I learned how to live here over the years the hard way and probably made many mistakes.
But I learned I have many experiences that many forum readers could benefit from.
But I was criticizing the innercircle and that seems to be a NONO .
You however lived here a few years only at best or even part time and still have an lot to learn.

This was the reason why I lost interest in posting to this forum.

When you mentioned my name in your post I was forced to respond.

By now it seems clear that if you are not a member of the inner circle
Scott, Ken , Rocky, Larry, AZB etc one will be silenced if it does not suit
the agenda of the inner group.

Many of the old members stopped posting for this reason.
It even created a new forum..

It seems to me that a little open mind from the owner would have saved him some trouble .
And we would still have a united board with members that respect each others.

Look at the fighting that seems to go on.
And Scott it seems you are in the middle of it all.
You do not do your friend Robert any favors or any of us readers and contributors.
Take some time of learn to be pleasant and get some local experience.

Well Paul, I did check out your information at the time. It didn't check out. I was even told some interesting stories that dont even need repeating.

Why would you think I would recommend someone that screwed me? I am a funny guy, I am the most loyal friend you will ever run across but screw me once and I will be an enemy for life without extenuating circumstances.

Seems that you have a problem with some things that go on here. I am sorry about that. I only post my experiences and opinions and when I express opinions based just on my take I say as much. I don't get commissions on anything here unlike many others and have refused to take commissions when offered. My typical response when they insist is that I wont recommend anyone else to you and they back off. I offer a lot of help to many people here Paul and don't ask for one darn thing in return unlike others here.

We have had differences of opinions here dating even further back before Baninter where I was advising people NOT to put there money there. You had all your eggs in that one basket and in Pesos as well which I preached against. Looks like we all have a lot to learn Paul and I am the first one to admit it. Only thing is my mistakes haven't cost me half my savings.

Funny thing about your inner circle is that the funny part is that some of the people you mention feel that they are given a hard time here. As far as that "OTHER" board it didn't spring up out of the blue. I have been told that it was in the works for 6 months before the person was not wanted here. Besides that other board is a joke and is not even close to being in this league or even in the league of what kids put up 20 years ago as a Bulliten Board.

Scott

[johne]

Originally Posted by gjsuk

some substance or comment to the thread (rising real estate prices....remember) from your position in the real estate business?

in your posting as you are using one comp to justify a trend. My experience is in NYC but if you think one sale makes a neighborhood, so be it. (not my kind of investing) Maybe, just maybe, the last buyer made a mistake??
Actuallly, I was more curious about the tone of your posting than your "substance" >:

JOHN

[Escott]

Originally Posted by gjsuk

Great you get the point then!

I do not know of any other remodel, new sale etc in Sosua/Cabarete where the guy seems to have made $200k more or less in 6 months or so.

He may have done a hell of a job or he may have found the biggest turkey. Who knows. I am 100% invested here with all the funds I have in the country. I am doing just fine thanks and dont even have a thing to sell. Do you get the point? Not every deal is for the same investor although I don't know what you are going on about since I was actively trying to purchase this property and quit at a certain price which I was happy to leave at.

Scott

[Escott]

Originally Posted by johne

in your posting as you are using one comp to justify a trend. My experience is in NYC but if you think one sale makes a neighborhood, so be it. (not my kind of investing) Maybe, just maybe, the last buyer made a mistake??
Actuallly, I was more curious about the tone of your posting than your "substance" >:

JOHN

The tone was to try to put my talents for lack of a better word in a bad light.

Nothing new here and it usually comes from someone without posting their experience in anything and just to knock others down. I usually just look at it from a prospective that people go through life being jealous of everyone else for different reasons. I am comfortable being myself and doing what I do. I even enjoy myself and my life so that is all that counts and not the feelings of the Unwashed

I am only kidding guys. Have at it and I hope you get as much enjoyment out of your post as I certainly do out of mine!

Funny thing John is that they question your experience also without laying out one thing that they have done other than live and obviously b1tch! LOL

Scott

[Paul Thate]

Originally Posted by Escott

Well Paul, I did check out your information at the time. It didn't check out. I was even told some interesting stories that dont even need repeating.

Scott

Scott as you told me before you checked with the real estate person in question.
Of course she denied. I suggested to check with my lawyer who
is your lawyer as well . He closed that sales. He had all the facts.
He confirmed the facts as I reported.
I am right no question about it.

[Paul Thate]

[quote=Escott

Seems that you have a problem with some things that go on here. I am sorry about that. Scott[/QUOTE]

Scott I have no problem with anything going on here.
First I dont even know nor have I ever met your real estate person in question. I only dont like her business practice as it was reported to me.
And I believe that the readership of this forum need to know the facts.

[Paul Thate]

Originally Posted by Escott

We have had differences of opinions here dating even further back before Baninter where I was advising people NOT to put there money there. You had all your eggs in that one basket and in Pesos as well which I preached against. Looks like we all have a lot to learn Paul and I am the first one to admit it. Only thing is my mistakes haven't cost me half my savings.

Scott

Scott don't try to hijack the real estate thread with the financial peso question.
Start your own thread and I meet you there any time you wish.
I did not make a mistake there . In fact I am way ahead even if the whole system collapsed tomorrow. It did not cost me half of my savings as you suggest.With that statement you are wrong again.
The peso rate may go to 100 and I am still ahead.

The advise about the peso by the many DR1 experts is ( many of them don't even live here) is plain wrong, especially for residents with peso expenses.

Scott we had very few discussions and we will keep it so. I never gave you any indication of my personal finances.
Your very cheap attempt to publicly imply I put all my eggs in Banninter or any where here is false and misleading. You don't have a clue about all
my eggs or where they are. In fact that you try to bring this in this discussion is dishonest and hypocritical.
The nerve you have to suggest to the readership of this forum that you have intimate knowledge of my personal finances is repugnant and offensive to me.
I would hope you won't do that again.

Looking back to the last few postings it looks like you rather distort the facts
to try to win an argument then to advice the readership of this forum
with the real problems that face us here.

The facts in real estate here are.

A title means absolutly nothing here.
By now I know of 5 people that lost their condos because some lawyer
wanted them.

I know of one American who lost his house because a judge and a lawyer wanted it.
This case was shown to most North Coast lawyers who refused to take the case as it was to political.
I would have thought they all would take the case pro bono just to prove to the community that there are some property rights.

If I knew then what I know now I would never have bought here.

We all have heard and seen what hapened here on the North coast
more scandals will follow.