Ding Dong wrote:
Quote:
Ever think of checking out Nicaragua?
While buying property in almost any country can be risky I personally believe the risks in Nicaragua outweigh any possible gain.
The political situation is very unstable. A few months ago the President was talking of requesting the OAS to send in troops to support his regime.
The Sandinistas are making a very strong comeback and it is a very real possibility that Ortega will be President again after the next election.
I would be very cautious about Nicaragua.
DD, appreciate your opinion on Nicaragua, I've wondered as I see more chatter lately about deals there, as with anything the risks should be evaluated.
Like this- "Own property for half the cost of Honduras...one-quarter the cost of Belize...one-fifth the cost of Costa Rica."
And this-
"Nicaragua has some of the best deals in the world right now, similar to Belize and Costa Rica in the late 80's when values increased by 500% in a short time"
And there is big money being invested there,
"Foreign investors who were fleeing the country a decade ago put $280 million into Nicaragua last year." (The Wall Street Jounal)
Another interesting recommendation I've seen is to to buy apartments in Buenos Aires for .50 on the dollar while the market is distorted...