Dominican Today Forum » Living in the DR » General Info » Boom in Dominican Republic
#131 - Posted 15 August 2008, 12:18 PM
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No Limits?
Quote:
Lautaro previously said:
... You see, there aren't any kind of restrictions or rule books discerning the exact nature the foreign cash entering this country ...


Well, such restrictions do exist and the limit of bringing in or taking out foreign currency undeclared limits the value of it to 10,000 US$.
From reading the newspapers it's obvious that this rule is broken very often and we can assume that this money does not stem from piggy banks...

m'frog
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#132 - Posted 15 August 2008, 12:31 PM
Location: Dominican Republic, Santo Domingo, DN
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RE: Boom in Dominican Republic
Playa Bonita Marina & Residences (Samana)

This project will be owned by a Dominican associated with an international hotel corp. to manage it.
Construction will start at the end of this year.



Edited on 8/15/2008 12:32 PM by MrDom.
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#133 - Posted 15 August 2008, 12:36 PM
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RE: Boom in Dominican Republic
ah, Dom...the critical words are " in association with". most of these operations have local front men, for appearance purposes. i am not saying that that applies in this particular case, but it is very much the case in numerous ventures. the Dominican " owner" probably has 2% of the shares, and acts as the "pantalla".
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#134 - Posted 15 August 2008, 12:43 PM
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RE: Boom in Dominican Republic
Quote:
dreadlocks previously said:

ah, Dom...the critical words are " in association with". most of these operations have local front men, for appearance purposes. i am not saying that that applies in this particular case, but it is very much the case in numerous ventures. the Dominican " owner" probably has 2% of the shares, and acts as the "pantalla".


This case is different because he comes from one of the wealthier Dominican Families (Barcelo) the one who owns the Barcelo company (ron)
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#135 - Posted 15 August 2008, 12:48 PM
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RE: Boom in Dominican Republic
Quote:
dreadlocks previously said:

USADR, the main asset of this country is the decency of the common man. i am yet to see more generous and selfless people anywhere. it is possibly because they are so decent and trusting that they allow themselves to be abused by all and sundry. Arsenio Lembert gave me a royal tongue lashing because i invoked the habits of english caribbean peoples, who do not take shorts from foreigners. i mentioned before that i spent some time in costambar in the past, and it pained me to see a bunch of gringos set up a gate to restrict the movement of locals who wanted to use the beach. it broke my heart to see women walking long distances, with little children in tow, crying in the noonday heat. all because gringo did not want " too many of them " in their colony. that crap would not fly in the british isles. it is the same feeling i get when i see Mr Dom showing off all these monuments to opulence in his daily real estate fiesta. who is going to occupy these magnificent structures, given the realities of the dominican economy? yes, sure, Dom and his buddies will probably be making beaucoup money selling beachfront lots to guys from Odessa, who will hire a dominican maid and gardener, and avail themselves of the services of one of the million limpiabotas. then, in twenty years, these guys will have so much power and influence, they will be able to get a permit to set up a brothel across the street from your mother's house!!!


Well dreadlocks, I personally think that's the sacrifice the dominican government is willing to make.
A good way to summarize the phenomenon will be looking at the rabbit versus the turtle race. DR to me is like the rabbit, they are fast, they have the momentum and resources to place DR on top in the carribean. Yet, they forget that its not just speed that will get you to that destination. Like in the cartoons, it is the turtle who wins the race. DR is too focused in getting to the finished line with its economic boom and momentum in the real estate. They are slowly forgetting that the advancement of of DR does not solely rely on just getting the glitzy real estate and investments from unknown sources. It relies on the advancement of bonafide DOMINICANS being able as a people to reap the success of a country. Giving an ignorant person higher salaries and more benefits, they will use up all of it in booze and women. Give an educated and wise man higher salaries, he will save and invest it in his country. My all time fear would be for DR to have all of this economic boom and investments in real estate, to only find out that nothing is fixed for the common folk. What's the purpose of giving all your country men jobs as gardeners and hotel workers, when they can't afford to buy food with their income. In a way, it gives a false sense of hope. This is probably needed to be discussed in another thread. But why is the cost of food so expensive in a country where 80% of the food is grown and raised in DR. I dunno what to say, but playing devils advocate, I can see why a poor boy from the barrios main dream is to become a politician. This is the probably the only way that they can make it out of the barrio. I feel that DR may find itself being ANALLY RAPED by foreigners in the end if it doesn't start thinking about the long term goals for the country.

To MRDOM, nothing but respect goes out to you for your pride with the real estate development. I am not bashing you because I must say some of those structures are amazing. I was only commenting on what's going on with the common day dominican. Im sure they are being offered more jobs, but what's the purpose of have a job when you can't still afford some of your basic necessities.

As for FranktheTank and Cibaeno, I am trying to think of a name. Anonymous was my name, but i guess its not good enough. Soo im going to make a debut with the new name by next week.
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#136 - Posted 15 August 2008, 12:57 PM
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RE: Boom in Dominican Republic
actually, Anonymous, i think that this is a good thread in which to discuss the discrepancy between those who will inhabit these magnificent structures, and those who will get to keep them clean by day. people will see this as being xenophobic, but what good is it to sell off all your prime property to outside concerns, when your own people can only view them from a respectable distance? try to remember one thing: the Dominican Republic is the only birthright that dominicans have. at the end of the day, even if they go to foreign lands, and petition foreign citizenship, this is the only country which cannot disavow and disown them, under any circumstances.
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#137 - Posted 15 August 2008, 1:02 PM
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RE: Boom in Dominican Republic
Quote:
Anonymous previously said:

Quote:
dreadlocks previously said:

USADR, the main asset of this country is the decency of the common man. i am yet to see more generous and selfless people anywhere. it is possibly because they are so decent and trusting that they allow themselves to be abused by all and sundry. Arsenio Lembert gave me a royal tongue lashing because i invoked the habits of english caribbean peoples, who do not take shorts from foreigners. i mentioned before that i spent some time in costambar in the past, and it pained me to see a bunch of gringos set up a gate to restrict the movement of locals who wanted to use the beach. it broke my heart to see women walking long distances, with little children in tow, crying in the noonday heat. all because gringo did not want " too many of them " in their colony. that crap would not fly in the british isles. it is the same feeling i get when i see Mr Dom showing off all these monuments to opulence in his daily real estate fiesta. who is going to occupy these magnificent structures, given the realities of the dominican economy? yes, sure, Dom and his buddies will probably be making beaucoup money selling beachfront lots to guys from Odessa, who will hire a dominican maid and gardener, and avail themselves of the services of one of the million limpiabotas. then, in twenty years, these guys will have so much power and influence, they will be able to get a permit to set up a brothel across the street from your mother's house!!!


Well dreadlocks, I personally think that's the sacrifice the dominican government is willing to make.
A good way to summarize the phenomenon will be looking at the rabbit versus the turtle race. DR to me is like the rabbit, they are fast, they have the momentum and resources to place DR on top in the carribean. Yet, they forget that its not just speed that will get you to that destination. Like in the cartoons, it is the turtle who wins the race. DR is too focused in getting to the finished line with its economic boom and momentum in the real estate. They are slowly forgetting that the advancement of of DR does not solely rely on just getting the glitzy real estate and investments from unknown sources. It relies on the advancement of bonafide DOMINICANS being able as a people to reap the success of a country. Giving an ignorant person higher salaries and more benefits, they will use up all of it in booze and women. Give an educated and wise man higher salaries, he will save and invest it in his country. My all time fear would be for DR to have all of this economic boom and investments in real estate, to only find out that nothing is fixed for the common folk. What's the purpose of giving all your country men jobs as gardeners and hotel workers, when they can't afford to buy food with their income. In a way, it gives a false sense of hope. This is probably needed to be discussed in another thread. But why is the cost of food so expensive in a country where 80% of the food is grown and raised in DR. I dunno what to say, but playing devils advocate, I can see why a poor boy from the barrios main dream is to become a politician. This is the probably the only way that they can make it out of the barrio. I feel that DR may find itself being ANALLY RAPED by foreigners in the end if it doesn't start thinking about the long term goals for the country.

To MRDOM, nothing but respect goes out to you for your pride with the real estate development. I am not bashing you because I must say some of those structures are amazing. I was only commenting on what's going on with the common day dominican. Im sure they are being offered more jobs, but what's the purpose of have a job when you can't still afford some of your basic necessities.

As for FranktheTank and Cibaeno, I am trying to think of a name. Anonymous was my name, but i guess its not good enough. Soo im going to make a debut with the new name by next week.


I am not pride of the real estate developments : lol: ... the only thing that you can be sure is that I am pride of being DOMINICAN... I love to be Dominican... and I thank God I am Dominican....

Real Estate is one of my hobbies along with any kind of developments (especially if they are here in DR), I enjoy looking at them, finding information about them... and someday (hopefully soon) start investing in this sector
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#138 - Posted 15 August 2008, 1:19 PM
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RE: Boom in Dominican Republic
and i wish you well, Dom. but keep your eyes on the prize, which is the overall betterment of your people. nobody else is going to do it for them. i am tired of all the gringos who proclaim their love for the DR, but do not have one dominican friend. ever been to some of the parties thrown by some of these guys? you would think you are in Edmonton or something similar. (well, there might be a dominican maid or two, serving the tasty morsels and the santo libres). people say they love the country, but that is generally because 175,000 dollars gets them a beachfront house in this country. in their homeland, it gets them a storage shed!
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#139 - Posted 18 August 2008, 7:38 AM
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RE: Boom in Dominican Republic
Viva Residences

This project was released just two or three month ago and 62 % of the project has been sold, from those 36 % belong to foreigners (mostly Italians) and the rest to Dominicans



.

Edited on 8/18/2008 7:39 AM by MrDom.
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#140 - Posted 18 August 2008, 8:34 AM
Location: Dominican Republic
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Friends and Prices
Quote:
dreadlocks previously said:
... i am tired of all the gringos who proclaim their love for the DR, but do not have one dominican friend.

Well, true friendship is hard to find - anywhere.
Trust, confidence and mutual help cannot be found easily in a money orientated society and 'gringos' are mainly seen as people from whom to 'aprovechar' from.
We do have Dominican friends, though few.

Quote:
dreadlocks previously said:
....because 175,000 dollars gets them a beachfront house in this country....

Not very likely.
In most places (where gringos want and need to live) RE prices have gone crazy. Beach lots near Las Terrenas can be as expensive as 250 US$ per square meter and more!
For the amount mentioned that would buy you slightly more than a 'tarea' of land (without a home...).

m'frog
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