Quote:
Originally Posted by sqftmag
Well, that got your attention!
But I have a serious point to make. I love the Caribbean, although I've only managed 3 trips in 40-something years.
I've written about some enticing deals there in Square Foot Property Investor Magazine but I'm worried. The Caribbean suffers from hurricanes. (OK, some islands are worse hit than others.) But, supposing I invest there, who is going to clear up damage to my property? Is there specialist insurance? Aren't storms putting off visitors?
Also, when I first visited Barbados' lovely west coast I could walk from the Sandpiper hotel in St James north up the beach quite a long way on wide, perfect beaches. When I revisited some 4 years later, these wide beaches had been reduced in parts to very narrow strips of land, so that walking the same route necessitated swimming around coves rather than a straight walk. I've not been back since the 90s, but I can't see those beaches having widened at all.
So the global warming worries me and yes, it's put me off investing there, despite the weakenss of the dollar.
Am I alone with my concerns?
Regards
Michele Andrew
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Hi Michele,
I live in the Dominican Republic on the North Coast in the Sosua/Cabarete area and I can only tell you this. Unlike the rest of the Island this area has been spared from hurricanes for as long as they have been tracking them and never has one touched down on the North Coast in this area.
Global Warming is another subject and I have read a lot about it and unable to form conclusions since the information is conflicting. I have heard that because of global warming the sea is suppose to rise 6 feet.
If that happens you can kiss most of the world goodbye but since my properties are higher than 6ft above sea level I won't worry too much about this which isn't supposed to happen till after I leave this world anyway
So is the sky falling? LOL