- This topic has 6 replies, 6 voices, and was last updated 6 years ago by FlyerInHi.
September 26, 2017 at 1:24 PM #22420scaredyclassicParticipant
must be some seriously good deals.
is there a puerto rico land etf?September 26, 2017 at 10:55 PM #807993DataAgentParticipant
You could probably buy the whole island of Barbuda for $100.September 27, 2017 at 8:29 AM #807994gzzParticipant
The island’s working age population has fallen by a third and has the USA’s highest share of elderly. It has several times the municipal debt per person than the highest US state, and it looks like Congress will not let it fully default. It is quite possible the cheap land you might buy has negative value because rents will not cover tax and basic upkeep.
Despite being much poorer than the mainland, wages are higher than other islands, making tourism and agricultural uncompetitive.September 27, 2017 at 8:51 AM #807995spdrunParticipant
OTOH – it gets the benefits of US citizenship without being robbed blind by Federal taxes.September 27, 2017 at 9:16 AM #807996FlyerInHiGuest
You are independently wealthy, you could live 1/2’year in Puerto Rico.
No capital gains. Pick up a luxury condo/house somewhere.September 27, 2017 at 10:06 AM #807997The-ShovelerParticipant
I have been to Puerto Rico several times, Was a great place to vacation (I think it will be also in the future).
Thought about buying a retirement/vacation/rental condo there but never pulled the trigger.
Seemed like a great place to retire (if you like tropical Islands like I do).
Other than a vacation rental or retirement not sure I would want to live there however (maybe why so many working age people leave).September 27, 2017 at 12:36 PM #807998FlyerInHiGuest
If you’re a software developer you can set up shop there, free of Federal income tax.
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