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Global Warming threatens investment in Caribbean

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  #1  
Old 12-12-2007, 08:23 PM
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Default Global Warming threatens investment in Caribbean

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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  #2  
Old 08-01-2008, 01:44 PM
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Quote:
Originally Posted by sqftmag View Post
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
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
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Old 11-01-2008, 10:49 PM
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But dear, aren't we supposed to leave a better legacy for those who follow?
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  #4  
Old 12-01-2008, 01:16 AM
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Originally Posted by sqftmag View Post
But dear, aren't we supposed to leave a better legacy for those who follow?
Global Warming won't be my legacy and Hurricanes don't happen on the North Coast either!

If I could solve all the ills of the world I can assure you I would even if it meant giving up our future friendship!
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  #5  
Old 13-01-2008, 02:08 AM
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Default

Quote:
Originally Posted by sqftmag View Post
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
Thanks for the link Michele.
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  #6  
Old 18-03-2008, 04:06 PM
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I don't think I would be too concerned with global warming, it may or may not be happening. Based on this winter, I have my doubts. I read just the other day that the founder of the Weather Channel was in the process of suing Al Gore to allow some open discussion of scientific facts. I think it may well just something else we are supposed to be in constant fear of, you know like "terrorism" or the like.
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Old 27-04-2008, 08:13 PM
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U make a very good point,however; the beaches are diminishing more because of developement more than because of weather. More major investment groups are buying bigger chunks of property so that they can control what developes and what doesn´t. Hurricanes are patterns like earthquakes and tonadoes and none of them are predictable,however; look at the facts, when cancun was destroyed by katrina and Wilma in 2005 they were up and running within 3 months and had tourist booked up. When the same katrina destroyed Louisiana they still haven´t completely recovered, why, let me explain. Since Mexicos Caribbean shores mean so much to the economy, Pres. Fox dumped 15 MUSD daily for 3 weeks none stop to get Cancun back on her feet because it means that much to them (brings in about 110 MUSD yearly) and Louisiana doesn´t do that for the U.S. That is why Spain Invest so much in Mexico and their economy is booming and the U.S. is not. I can give u all the info u need and help u in any way Thank u
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Old 21-05-2008, 01:29 PM
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Default Margarita Island is outside the hurricane belt.

If you're concerned about hurricanes in the Caribbean, consider Margarita Island. We don't get hit by hurricanes because we're outside the hurricane belt. Gasoline is about 10 cents per gallon, the cost of living is cheap and property is still reasonably priced.
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