Juan Dolio - South Beach of the Caribbean !!!

[mikey007]

why not discuss the returns on a percentage basis such as 10-20% return on investment without getting into specifics. but this PM and meeting personally with interested people on this board does not sound kosher again the transparency issue comes to mind and i also believe you never answered any questions on the perceived high maintenance costs and ownership representation to control costs. face it the majority of associated costs with maintenance is the labor cost and in your country that is dirt cheapppppo

[mikey007]

no feedback how predictable

[mikey007]

where is everyone on this great informative board out to lunch hahaha irate:

[Fernandez]

Originally Posted by mikey007

where is everyone on this great informative board out to lunch hahaha irate:

still around, just resting.
With the elections over, hopefully the consumer economy in the DR will return, and with it more activityd. I was in Miami on a personal matter, and bid on a neighbourhood house in Kendall that came up for sale. PUrchase 2/06 for us$496,000.00- I bid US$125,000 cash- was out-bid by US$12,000- house being sold by Chase legal.
The math is sick. Home prices, as of today's FED release down by 14% year on year- no market now immune.
There is no reason to beleive this has no effect on DR- Juan Dolio and many others. There is no liquidity/no capital to develope these projects now, despite what you might hear- and all projects are now subject to developer capital, longer term payouts, and projections that need revisiting.
OK? My view- more desperate write downs to come from the supposed "risk-experts" - the large money center junkies. Without Bear Stears, there is no Dominican firm out there ringing the bell. This work-out period at least 3-5 years for capital to work its way to these projects.

IN the mean time, enjoy the beach, the beer and wait a bit to scoop up the more attractive prices to come. Don't forget the International Financial Center of the Americas- ......

[vandee]

So I guess you're saying that the Juan Dolio market has slowed considerably in the lat few months. Is that correct?

[johne]

Originally Posted by Fernandez

still around, just resting.
With the elections over, hopefully the consumer economy in the DR will return, and with it more activityd. I was in Miami on a personal matter, and bid on a neighbourhood house in Kendall that came up for sale. PUrchase 2/06 for us$496,000.00- I bid US$125,000 cash- was out-bid by US$12,000- house being sold by Chase legal.
The math is sick. Home prices, as of today's FED release down by 14% year on year- no market now immune.
There is no reason to beleive this has no effect on DR- Juan Dolio and many others. There is no liquidity/no capital to develope these projects now, despite what you might hear- and all projects are now subject to developer capital, longer term payouts, and projections that need revisiting.
OK? My view- more desperate write downs to come from the supposed "risk-experts" - the large money center junkies. Without Bear Stears, there is no Dominican firm out there ringing the bell. This work-out period at least 3-5 years for capital to work its way to these projects.

IN the mean time, enjoy the beach, the beer and wait a bit to scoop up the more attractive prices to come. Don't forget the International Financial Center of the Americas- ......

Agree 1000% with your analysis of the situation here in th U.S. and how it can/could affect the market in the DR.
I am sitting here in Charlotte NC right now and about to close on a foreclosure home for the 4th time since Dec 07. Rehab and resell. Gazillions of them avail. just an incredible period of time in the housing market. How it could not affect the DR is beyound my pea sized brain.
john

[frank recktenwald]

Originally Posted by johne

Agree 1000% with your analysis of the situation here in th U.S. and how it can/could affect the market in the DR.
I am sitting here in Charlotte NC right now and about to close on a foreclosure home for the 4th time since Dec 07. Rehab and resell. Gazillions of them avail. just an incredible period of time in the housing market. How it could not affect the DR is beyound my pea sized brain.
john

One would think that the situation in the States would affect the DR but Marbella, Las Olas and Costa Blanca are doing very well. Apparently the people that buy here are not just Americans but they come from all over and are buyers with money.

[Dre Broeders]

Originally Posted by frank recktenwald

The bad smell comes from Ingenio Colon where they make the sugar which also belongs to the richest family in the DR and from what I've been informed they will place filters in order to get rid of that smell.
This has to be done in the near future.
Concerning the river from what I understood they've started today with the clean up.
It's a process that will take awhile but it's going the right direction.

Now I am 100 % sure that this smell is not from the sugarfactory.
This smell are pondgasses from the laguna near the bridge from San Pedro de Macoris.

[STEVE G.]

Originally Posted by frank recktenwald

One would think that the situation in the States would affect the DR but Marbella, Las Olas and Costa Blanca are doing very well. Apparently the people that buy here are not just Americans but they come from all over and are buyers with money.

Hi everybody ! Glad to be back to the board ... After few conversations with some Developers and Realtors in the area , found out that about 80 % buyers in the area are not from USA ... mostly Europe ... Unfortunately most Americans still have ''frenos'' to think they are not only market available , I would say it's more psychological than economical problem now

[STEVE G.]

Congratulations Frank ! To put the banner of Metro Rentals on DR1 was a great decision !